925 S Pacific St Oceanside, 92054

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Virtual Tour of 925 S Pacific St , Oceanside 92054

Property Description

CBRE is pleased to present an extremely rare waterfront development opportunity with an existing income-producing fourplex to hedge against holding costs. 925 S Pacific St contains a four-unit residential building on a 9,750 SF oceanfront parcel with 75 feet of exclusive beach frontage. Current zoning allows for the development of up to 10 residential units and short-term rental operations. This coveted street of prime Southern California real estate commands astonishing pricing with the most recent transaction on S Pacific St of a 1970s construction condo trading at $1384 per sqft. This rare strip of real estate is one of the few in the county that offers a parcel that backs up directly to the Pacific Ocean providing for significantly more privacy and exclusive beach frontage. The existing fourplex consists of (1) 4 bedroom/2 bath, (2) 1 bedroom/1 bath, and (1) Studio unit.

General Information

Price:
$6,500,000
Status:
Active
Listing Updated:
9/14/2021
List Date:
8/24/2021
Close Date
Square Feet:
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City:
Oceanside
Zip:
92054
County:
San Diego
MLS ID:
210024129
Listing Broker:
CBRE
Listing Agent:
Allen Chitayat
CalBRE#:
00894356

Home Features

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Community Information

MLS Area:
92054 - Oceanside

Lot Information

Lot Size (sq feet):
9,750

Location Information

Directions:
CrossStreet: NA

What's Nearby? : 925 S Pacific St Oceanside, 92054