513 N Freeman St, Oceanside, CA 92054

Property Description

Incredible opportunity in the HOT west-of-5 Downtown District of Oceanside! Unique property features two detached houses on a large corner 7,500 sf lot. Property is zoned D-9, providing many options, including development of up to four homes (buyer must verify with City). Both houses have been updated; green house was originally built at turn of the 20th century of redwood. Premium location within a few blocks to the beach, pier, and exciting downtown. Read entire Supplement + Attached Docs in this MLS. See attached "Seller Improvements" document, which is not intended to be inclusive of all improvements that Seller has made to the property. Green house was fully renovated in approximately 2013, to include: roof, windows, floors, installation of new kitchen and bath, electrical, plumbing, new redwood porch, bolstered pier-and-post foundation, tankless water heater, Whirlpool suite of stainless kitchen appliances, upgraded fixtures and ceiling fans, and more. The green house is currently leased on a month-to-month basis for $1,900/month and would require 60 days notice to tenant to vacate. Projected rent for the green house is approximately $2,400/month. Blue house with attached garage and big front yard was updated approximately 2011, to include: roof, new kitchen, fixtures, and more. It has original hardwood floors and a wood-burning fireplace. Blue house was recently leased for $1,595/month. Rent for the blue house is projected to be approximately $1,900/month. Buyers should conduct their own analysis of market rents, and should not rely on projected estimates in this MLS. This is a complex property requiring buyers and buyers' agents to conduct extensive due diligence and to verify all information prior to contingency removal, including but not limited to zoning and building codes and requirements; permit history; neighborhood features; crime statistics; and all aspects of the condition of the property. An historic review could be required in order to scrape...