508 N Tremont, Oceanside, CA 92054

Property Description

Blocks to downtown and the beach, amazing ready to go lot for small development or private estate. Plans and activities have already moved toward the development of Three (3) 2 story luxury condominiums w rooftop access, approved by City of Oceanside(see attachments) Current owners have moved on other projects out of state and have decided to sell lot to free up capital and workload. A lot of the design and architectural work has been done. 3 units have been approved to develop with the following schematics: Unit A - 2350 sqft, 3BR 2.5BA, 700sqft private upper deck w Ocean Views, 2 car garage Unit B - 2408 sqft, 2BR 2.5BA, 922sqft private upper deck w Ocean Views, 2 car garage Unit C - 2113 sqft, 2BR 2.5BA, 762sqft private upper deck w Ocean Views, 2 car garage We just sold a similar development 2 blocks east(east of coast hwy) located at 517 N Freeman for almost 2 million, the development consisted of smaller units and no where near as nice of an area. I project comps for this new and improved development that's much closer to the beach and bigger units to be much higher. These units would also make for amazing vacation rentals, I manage 40 properties including the one i sold on Freeman and we get monthly average of $6500 per unit (Averaging slow/busy seasons) ( $19,500 per month average for all 3). Neighborhoods: Oceanside Other Fees: 0