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Single-Level Residential Income Property

4394 Albatross Way, Oceanside, CA 92057

For Sale
$487,500

The 55-plus community includes a pool, spa, clubhouse, and walking trails.

Property Size1,050 SF
Price / SF$464.29
Days on Market54

Property Features for 4394 Albatross Way

General Information

Standard status Active
Size 1,050 SF
Property subtype Commercial

Site & Location

Neighborhood San Luis Rey

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Amenities

pool
spa
clubhouse
walking trails

Building Details

Year Built 1981
Buildings 1
Stories 1
Listing Agency: ERA Ranch & Sea Realty
Listed By: Silvia Lopez-Jedynak
Source: Findhomesinsandiegoarea
Added: Sep 16 Changed: Nov 7 Last Checked: Nov 7 at 7:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Ranch & Sea Realty

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Investment Insights

Based on property information with market context.

This 1,050-square-foot, single-level residence in Oceana Mission III has two bedrooms and two bathrooms. The layout includes a primary suite with an ensuite bath, a separate second bedroom and bath, and an open living and dining area. The kitchen has been updated and features stainless steel appliances and storage. Built in 1981, the home is part of a 55-plus active adult community.

Shared amenities include a pool, spa, clubhouse, and walking trails. The HOA covers water, sewer, trash, common-area maintenance, roof and exterior maintenance, and limited cable TV. The property is in Oceanside, with the beach, stores, restaurants, medical facilities, and Downtown Oceanside described as nearby.

Key Highlights

  • 1,050‑square‑foot, single‑level residence with two bedrooms and two bathrooms
  • Primary bedroom suite with ensuite bath; separate second bedroom and full bath
  • Updated kitchen with stainless steel appliances and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$16,261
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,220 $325.2K
Cap Rate 7%
$232,300 $232.3K
Cap Rate 9%
$180,678 $180.7K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$31.5K $30.00/SF
− Vacancy
−$1.9K −$1.84/SF
EGI
$29.6K $28.16/SF
− OpEx
−$13.3K −$12.67/SF
NOI
$16.3K $15.49/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,220
Cap Rate 7%
$232,300
Cap Rate 9%
$180,678

Alternative Uses

Best Use
Apartment 5plus
$232.3K
$203.3K – $271.0K (±1% cap)
NOI $16,261 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.2K
$307.3K – $409.7K (±1% cap)
NOI $24,583 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

255
Businesses Nearby

Demographics for 92057, CA

57,844
Population
19,660
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,856
Density / Sq Mi
$106,421
Median Household Income
$45,266
Median Earnings
$2,457
Median Rent
$691,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Residential income properties in Oceanside, CA

$467 Jul
$409 Aug
$805 Sep
$1,003 Oct

Properties on Market for Residential income properties in Oceanside

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - The 55-plus community includes a pool, spa, clubhouse, and walking trails.
Where is this residential income property located?
The property is located at 4394 Albatross Way Oceanside, CA.
What is the asking price?
The asking price for this property is $487,500.
What are key features of this property?
This property features: 1,050‑square‑foot, single‑level residence with two bedrooms and two bathrooms; Primary bedroom suite with ensuite bath; separate second bedroom and full bath; Updated kitchen with stainless steel appliances and storage
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