722718 Freeman St Oceanside, CA 92054

Property Details for 722718 Freeman St

Year built

1950

Property size

4,252 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a rare chance to acquire a multi-family property in the thriving Oceanside, CA market. The property, located at 722718 N Freeman Street, encompasses two parcels totaling 4,252 square feet and currently houses eight rental units. While current city regulations permit only six units (three per parcel), the existing eight units represent a valuable bonus, grandfathered into the zoning. This presents a significant advantage for future income generation and potential redevelopment. The property's strategic location offers unparalleled access to Oceanside's vibrant attractions. Situated within two miles of the Oceanside Harbor, Pier, beaches, Farmers Market, Thursday Night Sunset Market, an array of restaurants and shops, and the iconic Top Gun House, this location is ideal for both residents and tourists. The area is experiencing significant redevelopment, promising continued growth and increased property values. This makes this property an attractive investment for those seeking strong rental income and long-term appreciation potential in a rapidly developing coastal community. The combined parcels offer a substantial footprint, presenting possibilities for future expansion or renovation, subject to city approvals. This is a unique opportunity to capitalize on the burgeoning Oceanside market and secure a high-yield investment property with significant upside potential. The asking price is $3,200,000.

Location Insight

City

Oceanside

County

San Diego

State

California

Longitude

-117.373

Latitude

33.1814