$13,600,000
$14,715,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
445 Garrison ST Oceanside, CA 92054
38,948 SqFt
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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Bought with Tyler Leeson • Marcus & Millichap RE Invest