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$ 14,000,000
Est. payment /mo
New
308 S The Strand Oceanside, CA 92054
19 Beds
21 Baths
7,901 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,901 sqft
Price per Sqft $1,771
MLS Listing ID 260023450
Bedrooms 19
Full Baths 21
Property Sub-Type Com-Res Income
Property Description
Marbella is a spectacular piece of Oceanside history. Originally, two properties built in different eras were joined together in the 1970's by matching its Spanish-Mission style architecture. Marbella was fully remodeled in 2021, with all new interiors, solar panels, structural upgrades, and fully furnished units. Marbella is an oceanfront property comprised of 21 units in 4 separate buildings, including studios, one-bedrooms, and a large 3-bedroom unit. In addition, there are 14 individual single-car garages with new garage doors. This property remains as stunning as ever with a brand-new roof, stucco, and paint. All units are fully furnished and have been fully remodeled with stunning interior designs. New building ordinances prohibit building above street level; Marbella is still able to enjoy its towering third-floor views. Even its one-of-a-kind deck sits higher than the street, allowing guests to enjoy the ocean views above passersby. There is an opportunity to reduce overall expenses by transitioning to monthly or leased rentals. The investor can transition 100% to monthly rentals or keep some of the units as vacation rentals to enjoy higher revenue through the summer months.
Location
State CA
County San Diego
Community Bbq, Ctv Avail
Area Coastal North
Zoning R-4
Direction Google it
Interior
Heating Central Forced Air Gas
Cooling Central Forced Air Elec
Flooring Slab, Wood
Fireplace No
Laundry Owned
Exterior
Parking Features Garages, Spaces
View Y/N No
Roof Type Tile
Total Parking Spaces 24
Building
Dwelling Type Apartment
Story 3
Others
Senior Community No
Tax ID 150-072-12-00
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Craig Stewart, DRE#01060001 Acre Investment Real Estate
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