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$ 14,000,000
Est. payment | /mo
10,018 Sqft Lot
$ 14,000,000
Est. payment | /mo
10,018 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260023450SD
HOA Y/N No
Lot Size 10,018 Sqft
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.
Location
State CA
County San Diego
Area 92054 - Oceanside
Zoning R-4
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Tile
Total Parking Spaces 24
Others
Tax ID 1500721200
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Craig Stewart Acre Investment Real Estate #01060001
Nearby Locations
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