311 Clementine St Oceanside, CA 92054-3123
Property profile & analytics
311 Clementine St Oceanside, CA 92054-3123
- Apartment buildings
- 2,988 SF
- 0.17 lot acres
Property ID
US09-9063588
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 311 Clementine St
- Year built
- 2000
- Lot size
- 0.17 lot acres
- Property size
- 2,988 SF
- Zone code
- R-4:MULTIPLE RESIDENTIAL
- Property type
- Apartment buildings
- APN
- 150-066-13-00
- APU
- 1500661300
Description
This exceptional Oceanside investment opportunity presents a rare chance to acquire a five-unit multifamily property situated on a substantial 7,447 square foot lot. The property comprises four apartment units and a detached single-family residence, all situated on a single parcel. Built in 1950, this two-story, two-building complex offers a mix of one- and two-bedroom units, providing a stable income stream. Currently boasting 100% occupancy with a monthly income of $10,295, the property generates a Net Operating Income (NOI) of $78,301, representing a 3.73% cap rate. However, a comprehensive market analysis reveals significant upside potential, with in-place rents estimated to be 20% below market value. This translates to a pro-forma NOI of $101,823 and a pro-forma cap rate of 4.85%. The asking price is $2,100,000, or $644 per square foot, and $420,000 per unit. The property's prime location, less than a mile from Oceanside City Beach and Pier, offers a Walk Score of 87, enhancing its appeal and rental potential. The total net rentable area is 3,263 square feet. This property is an ideal investment for those seeking strong cash flow and significant appreciation potential in a desirable coastal location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $770,000
- 6.5%
- $710,000
- 7%
- $660,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,090,000 Current use
- MEDICAL BUILDING
- $1,420,000 Change: +30% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,140,000 Change: +5% Conversion: Difficult
- OFFICE BUILDING
- $1,075,000 Change: -1% Conversion: Moderate
- RETAIL STORES
- $940,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oceanside
- County
- San Diego
- State
- California
- Longitude
- -117.374
- Latitude
- 33.1943
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,197
$1,076,100
$632,400
$1,708,500
-
$0.00
$0.00
$0.00
