508 N Tremont #8, Oceanside, California
508 N Tremont #8, Oceanside, California 92054 - 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).
Listing Courtesy of Maximum Mtg & Real Estate, Inc