1210 South Nevada Street

Property Description

Marcus & Millichap is pleased to present 1210 S Nevada Street, a value-add 11-unit multifamily property in Oceanside, CA. This property was built in 1972 and has had the interiors renovated and well-maintained. This coastal asset is only seven blocks from the beach and three blocks from South Oceanside's best restaurants, craft breweries, coffee shops, and entertainment venues along S Coast Highway. The building is a total of 7,949 square feet situated on a large 14,041 square foot lot. The unit mix is extremely attractive, with eight 2-bed / 1-bath and three 1-bed /1-bath units. S Nevada has been renovated with luxury vinyl plank floors, new interior paint, kitchen cabinets, and granite countertops. There are eleven single-car garages and twelve offstreet parking spaces. The property features upgraded electrical panels, a gated entry, a courtyard, a private yard, and a private balcony. This asset will allow savvy investors to add value by renovating units further, upgrading major systems, raising rents to market, converting garages into ADUs, and holding an asset in one of the quickest appreciating beach neighborhoods. INVESTMENT Highlights -Exceptionally Well Located Seven Blocks From Beach & Three Blocks from Restaurants -Attractive Unit Mix of Eight 2-Bed / 1-Bath & Three 1-Bed / 1-Bath Units -Well Maintained and Upgraded Interiors and Ocean Views from Select Units -Abundant Off-street Parking (12 spaces) & Single Car Garages (11 single-car garages) -Potential Upside for Investors to Convert Garages into ADU's -Laundry Room with Washer Dryer -Massive Rental Upside of 79%