2126 Poplar Road

    Oceanside, CA 92058
    • $1,550,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 190048947
    Price Reduced
    UPDATED: 157 min ago
    $1,550,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    We are pleased to present for sale the Poplar Apartments, a well-maintained apartment community located in the coastal sub-market of Oceanside. Built-in 1963, the subject property rests on one (1) parcel totaling 14,822 square feet. The property is comprised of six (6) Two Bedroom/One-Bath units totaling approximately 4,450 rent-able square feet. One of the units has a large 2-story balcony / backyard combo. The property also features eight (8) parking spaces, five (5) storage rooms, and one (1) on-site "owner owned" laundry facility. The offering is ideal for an investor to purchase a stabilized asset in one of San Diego's most up-and-coming coastal communities with additional immediate rent upside. Oceanside is considered one of the strongest rental markets in North San Diego County, with great demand for apartment rentals. The Poplar Apartments offers the investor the opportunity to further raise rents with new proactive management. Exterior: ,

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. 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 deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
    www.sdluxe.com/homes/98615535

    2126 Poplar Road Oceanside, CA 92058

    • Price: $1,550,000
    • Status: Active
    • Updated: 157 min ago
    • ID#: 190048947
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    County:
    San Diego
    Property Description
    We are pleased to present for sale the Poplar Apartments, a well-maintained apartment community located in the coastal sub-market of Oceanside. Built-in 1963, the subject property rests on one (1) parcel totaling 14,822 square feet. The property is comprised of six (6) Two Bedroom/One-Bath units totaling approximately 4,450 rent-able square feet. One of the units has a large 2-story balcony / backyard combo. The property also features eight (8) parking spaces, five (5) storage rooms, and one (1) on-site "owner owned" laundry facility. The offering is ideal for an investor to purchase a stabilized asset in one of San Diego's most up-and-coming coastal communities with additional immediate rent upside. Oceanside is considered one of the strongest rental markets in North San Diego County, with great demand for apartment rentals. The Poplar Apartments offers the investor the opportunity to further raise rents with new proactive management. Exterior: ,
    Exterior Features

    Construction Materials Stucco Lot Size Units Square Feet

    Property Features

    Cap Rate 4.83 Country Us Gross Scheduled Income 115800.00 Insurance Expense 2600.00 Maintenance Expense 5100.00 Net Operating Income 74874.00 Operating Expense 37812.00 Other Expense 117.00 Other Income1 30.00 Property Sub Type Commercial/Residential Resident Manager Expense 3600.00 Total Expenses 37812.00 Total Monthly Rent 9650 Trash Expense 1500.00 Water Sewer Expense 4500.00

    Listing provided courtesy of Chris Robinson of Acre Investment Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. 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 deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037