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+16193678850
Coldwell Banker Realty
308 S The Strand, Oceanside, CA 92054
- $14,000,000
- List Price
- $14,000,000
- Status
- ACTIVE
- MLS#
- 260023450SD
- Lot Size
- 10,018
- Acres
- 0.23
- Days on Market
- 15
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
Marbella is an oceanfront multifamily 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. Marbella was completely renovated in 2021. All units have been fully remodeled and are fully furnished with stunning interior design. The property is located on Oceanside’s famed “Strand” drive with beachfront views and steps to the sand. The downtown amenities, train station, and world-class restaurants are just a couple of blocks away, putting Marbella in the middle of what makes Oceanside one of California’s most desired beach destinations. Marbella has been operated as a successful vacation rental property with ADR and RevPAR outperforming the market while maintaining its affordable value. 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.
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Additional Information
- Heat
- Forced Air
- Cooling
- Yes
- Exterior Construction
- Drywall, Frame, Stucco
- Roof
- Tile
- Attached Structure
- Detached
- Number Of Units Total
- 21
- Gross Scheduled Income
- $1,187,106
- Operating Expense
- 922217
Listing courtesy of Listing Agent: Craig Stewart (cstewart@acrecommercial.com) from Listing Office: Acre Investment Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.