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Property profile & analytics
OFF-MARKET Estimated value $10,250,000
Automotive properties

1602 Coast Hwy Oceanside, CA 92054-5376

13,042 SF 0.91 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-7188559
Property summary
AI-generated overview

This exceptional investment opportunity presents three commercial retail condominium units within the prestigious Tower 1888 development in Oceanside, California. Located at 1602 S Coast Hwy, these units are situated in a vibrant, walkable beach community, offering unparalleled access to the stunning California coastline and the bustling downtown Oceanside area. Each unit boasts a spacious, open floor plan with high ceilings and expansive windows, allowing for an abundance of natural light. Unit sizes range from approximately 1,005 to 1,200 square feet, with each including one ADA-compliant restroom featuring a shower. The units are delivered in a "white box" shell condition, providing flexibility for tenant build-out. Onsite commercial parking is available (one space per 300 square feet, totaling 11 spaces, including one EV charging space), supplemented by additional public street parking. The property's strategic location along South Coast Highway and Morse Street, with convenient access to the I-5 freeway, ensures excellent visibility and accessibility. This is an ideal opportunity to own a piece of thriving Oceanside's commercial real estate market, offering a blend of beachside serenity and modern convenience. The land value is priced between $845 and $945 per square foot.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Total area 13,042 SF
Lot 0.91 ac (39,639 SF)
Zoning code COMMERCIAL
APN 153-112-01-00
UPID US09-7188559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ghetto Choppers Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.30M
Blend (final) Blend
$10.25M
Owner & transaction history
Shea Homes Limited Partnership · 2 yrs held
Shea Homes Limited Partnership
since 2024
Last sale
$10.3M
7 recorded transactions
2024
$10.3M
2022
Price N/A
2022
$5.6M
2020
$4.2M
2017
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
COMMERCIAL · Oceanside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $17.1M +243.0%
Restaurant $8.6M +71.8%
Medical building $6.2M +24.3%
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