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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Apartment buildings
2034 Coast Hwy Oceanside, CA 92054-6558
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9383465
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Total area
3,742 SF
Lot
0.3 ac (12,886 SF)
Zoning code
COMMERCIAL
APN
155-032-09-00
UPID
US09-9383465
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
-
Seabird Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.45M
Owner & transaction history
Gerard M Murtagh · 2 yrs held
Gerard M Murtagh
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Oceanside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+30.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oceanside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oceanside submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,450,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,775,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.45M (Jun 5 2024)
Last sale anchor
$2.45M
Jun 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$655 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,677
Tax year 2024
Assessed value
$2,548,980
Assessed 2024
Previous assessed
$2,548,980
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,976,760
Assessed improvement
$572,220
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1950
Heating
NONE
Units
11
Total area
3,742 SF
Lot
0.3 ac (12,886 SF)
Zoning code
COMMERCIAL
APN
155-032-09-00
UPID
US09-9383465
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Oceanside, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Oceanside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oceanside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Units
11
Lot
0.3 ac
Current owner
From public records · entity-resolved
Gerard M Murtagh
Individual
Free & Clear · 2 yrs held
Mailing address
16920 ENCHANTED PL, PACIFIC PALISADES, CA 90272-2815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$300,000
Gerard M Murtagh
Sonny Investments LLC
Trustees Deed
related
—
Dec 28, 2023
—
2034 Spch LLC
Sonny Investments LLC
Quit Claim Deed
related
—
Oct 23, 2023
—
Sonny Investments LLC
—
Deed
related
$10,484,633 · Hfc Acceptance LLC
May 23, 2023
—
Sonny Investments LLC
—
Deed
related
$1,200,000 · Gerard M Murtagh
Aug 12, 2022
—
Sonny Investments LLC
—
Deed
related
$425,000 · Integirty Capital INC
Apr 5, 2022
—
Mara Ventures LLC
—
Deed
related
$550,000 · Integrity Capital INC
Jan 5, 2022
$2,450,000
Sonny Investments LLC
Oceanside LLC
Grant Deed
$2,170,800 · Quanta Finance LLC
Apr 18, 2017
—
Oceanside LLC
Phillips Jack D Family Trust
Quit Claim Deed
—
Sep 2, 2016
—
Phillips,jack D Family Trust
Phillips,jack D
Quit Claim Deed
related
—
Feb 10, 1989
$405,000
Phillips Jack D
Exchange Accommo
Trustees Deed
$250,000 · Rancho Vista National Bank
Feb 10, 1989
$304,500
Exchange Accommo
Lewis Robert J
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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