Oceanside, CA 92054,445 Garrison ST
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Oceanside, CA 92054,445 Garrison ST
Oceanside, CA 92054,445 Garrison ST
Oceanside, CA 92054,445 Garrison ST
Oceanside, CA 92054,445 Garrison ST

$13,600,000

Est. payment /mo

$14,715,000

7.6%
Est.Price: ?

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445 Garrison ST Oceanside, CA 92054

38,948 SqFt

SOLD DATE : 10/08/2024

Key Details

Sold Price $13,600,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 38,948 sqft

Price per Sqft $349

Subdivision Oceanside

MLS Listing ID OC24011401

Sold Date 10/08/24

HOA Y/N No

Year Built 1978

Lot Size 2.190 Acres

Property Description

Garrison Townhome Apartments is a 46-unit multifamily investment opportunity located in Oceanside, CA. Situated on a spacious 2.19-acre lot, the property offers an attractive mix of one and two-bedroom floor plans across 10 buildings. Units at Garrison Townhome Apartments offer highly desirable features including vinyl and carpet flooring, quartz countertops, stainless steel appliances, shaker-style cabinetry, and more. Each unit at the property features a direct line for laundry machines, an in-demand feature that could help new ownership achieve significant rental premiums. Additionally, each of the 30, two-bedroom units feature two-story townhome construction with a private patio. Garrison Townhome Apartments offers community amenities including tuck-under and surface parking with large storage lockers, a fitness center, and an on-site laundry facility. Since 2018, current ownership has invested more than $1.7 million on comprehensive improvements to both building exteriors and unit interiors. Furthermore, there is the opportunity to further increase cash flow through the conversion of the current leasing office and a portion of the property’s storage spaces into studio accessory dwelling units.

Location

State CA

County San Diego

Area 92054 - Oceanside

Zoning C

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 41

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 83

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 1620303400

Energy Description 25590.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

Lease Land No

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California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com
Bought with Tyler Leeson • Marcus & Millichap RE Invest

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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