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$ 14,000,000
Est. payment | /mo
19 Beds
21 Baths
7,901 SqFt
$ 14,000,000
Est. payment | /mo
19 Beds
21 Baths
7,901 SqFt
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,901 sqft
Price per Sqft $1,771
MLS Listing ID 260023450
Bedrooms 19
Full Baths 21
Property Sub-Type Com-Res Income
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
Community Bbq, Ctv Avail
Area Coastal North
Zoning R-4
Direction Google it
Interior
Heating Central Forced Air Gas
Cooling Central Forced Air Elec
Flooring Slab, Wood
Fireplace No
Laundry Owned
Exterior
Parking Features Garages, Spaces
View Y/N No
Roof Type Tile
Total Parking Spaces 24
Building
Dwelling Type Apartment
Story 3
Others
Senior Community No
Tax ID 150-072-12-00
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Craig Stewart, DRE#01060001 Acre Investment Real Estate
NEARBY SCHOOL & BUSINESS
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