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Listing Details

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School Ratings & Info

Description

CBRE is pleased to present an extremely rare waterfront development opportunity with an existing income-producing fourplex to hedge against holding costs. 925 S Pacific St contains a four-unit residential building on a 9,750 SF oceanfront parcel with 75 feet of exclusive beach frontage. Current zoning allows for the development of up to 10 residential units and short-term rental operations. This coveted street of prime Southern California real estate commands astonishing pricing with the most recent transaction on S Pacific St of a 1970s construction condo trading at $1384 per sqft. This rare strip of real estate is one of the few in the county that offers a parcel that backs up directly to the Pacific Ocean providing for significantly more privacy and exclusive beach frontage. The existing fourplex consists of (1) 4 bedroom/2 bath, (2) 1 bedroom/1 bath, and (1) Studio unit.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.yournextcalihome.com/homes/121282755
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925 S Pacific St , Lots 12 Through Oceanside, CA 92054

  • Price: $6,500,000
  • Status: ACTIVE
  • ID#: 210024129
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Beds
0
Baths
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½ Baths
0.22
Acres
Neighborhood:
Coastal
County:
San Diego
Area:
Oceanside (92054)
Property Description
CBRE is pleased to present an extremely rare waterfront development opportunity with an existing income-producing fourplex to hedge against holding costs. 925 S Pacific St contains a four-unit residential building on a 9,750 SF oceanfront parcel with 75 feet of exclusive beach frontage. Current zoning allows for the development of up to 10 residential units and short-term rental operations. This coveted street of prime Southern California real estate commands astonishing pricing with the most recent transaction on S Pacific St of a 1970s construction condo trading at $1384 per sqft. This rare strip of real estate is one of the few in the county that offers a parcel that backs up directly to the Pacific Ocean providing for significantly more privacy and exclusive beach frontage. The existing fourplex consists of (1) 4 bedroom/2 bath, (2) 1 bedroom/1 bath, and (1) Studio unit.
Exterior Features

Fencing N/K Frontage N/K Frontage Dimensions In Feet 75 Irrigation N/K Lot Dimensions Approx 75 Ft X 130 Ft Topography Slope Gentle View Ocean

Property Features

Additional Property Use N/K Age Restrictions N/K Approved Plans No Cfd Mello Roos Fee 0.0 Cross Streets Na Current Use Residential Highest Best Use Multi-Dwelling Mandatory Remarks None Known Miscellaneous Value in Land Monthly Total Fees 0 Occupied Vacant Other Fees 0.0 Sales Restrictions N/KHousing & Urban Develpmnt Short Sale No Terms CashConventionalFha Utilities Available N/K Utilities To Site N/K Water Available Water District City Of Oceanside Zoning Rt - Cz

Listing provided courtesy of Cbre. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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The Legacy Real Estate Team
10620 Treena St, Suite 230
San Diego CA, 92131