Property Details
Property Name
Avalon by-the-Sea
Address
123 South Nevada Street, Oceanside, CA 92054
Asking Price
$3,395,000
Units
8
Building Size
6,028 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$424,375
Status
Active
Broker
South Coast Commercial
Investment Opportunity
AVALON BY-THE-SEA IS AN 8-UNIT MULTIFAMILY COMMUNITY IDEALLY LOCATED MINUTES FROM THE BEACH IN DOWNTOWN OCEANSIDE’S HIGHLY DESIRABLE TOWNSITE NEIGHBORHOOD.
South Coast Commercial is pleased to present Avalon By-The-Sea, an 8-unit multifamily investment opportunity located in the heart of Downtown Oceanside’s Townsite neighborhood. Situated on a 7,152 SF parcel and improved with a 6,028 SF two-story apartment building, the property features a balanced mix of 5 two-bedroom units and 3 one-bedroom units. Well-maintained interiors and a master-metered utility system with partial RUBS reimbursement already in place provide investors with an attractive combination of stable in-place income and operational upside. Four highly desirable two-car garages offer the residents off street parking and could also provide a new owner with a value add opportunity by converting some or all of the garages to ADUs.
Minutes from the beach and within walking distance of the Oceanside Pier, South Coast Highway, and the Oceanside Transit Center, the property benefits from exceptional coastal amenities and regional connectivity. Ongoing mixed-use development, public infrastructure improvements, and transitoriented investment continue to strengthen Downtown Oceanside’s growth outlook, positioning Avalon By-The-Sea to benefit from sustained rental demand and long-term value appreciation.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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