Ocean Breeze Apartment Homes

1037 S. Cleveland Street, Oceanside, CA

$10,250,000

Price

4.22%

Cap Rate

$432,053.40

NOI

Gallery
Street
Map
Overview
Cap Rate
4.22%
NOI
$432,053.40
Building Size
11,144 sqft
Lot Area
0.2373 acres
Occupancy
100%
Units
14
Year Built
1989
Floors
3
Description

ACRE Investment Real Estate Services proudly introduces Ocean Breeze Apartment Homes, situated in the highly sought-after rental market of South Oceanside, California.

Ocean Breeze offers a collection of fourteen (14) spacious apartments, including three-bedroom, two-bedroom, and one-bedroom homes. Each unit is generously sized and equipped with modern amenities, such as quartz countertops, stainless steel appliances, washers & dryers, subway tile backsplashes, custom cabinets, wood-style flooring, oversized sinks, ocean-view balconies, dishwashers, A/C, fireplaces in select units, gas stoves, linen cabinets, and ample storage space in large closets.

The ten original units underwent an extensive transformation, being stripped down to the studs and completely remodeled. In 2023, four new units were added, accompanied by the installation of a new exterior metal staircase. The property's exterior received a fresh coat of paint, complemented by the addition of a captivating mural. Parking options include covered and open spaces, all secured by an electronic gate for enhanced safety. Additionally, the property features an electronic security entrance system.


This is a unique opportunity to own a rare piece of California coastal property. Ocean Breeze Apartments is an ocean-close
property located in the flourishing city of Oceanside, which is currently revitalizing its coastal downtown
area. Opportunities for small businesses and trendy restaurants have been booming while the city is also
welcoming large-scale projects like the Oceanside Resort, which is the largest new project on the San Diego
coastline in the past 20 years! Oceanside is one of the only beach towns that embrace its booming
tourism industry while maintaining a down-to-earth, family-friendly atmosphere. It is also rare for a
beach town to have so many properties so close to the ocean, lining its magnificent beaches.

Highlights
  • Brand new units - New and Fully Remodeled
  • Ocean Views from Many Units
  • Stainless Steel Appliances
  • Quartz countertops
  • White Subway tiled backsplash and shower enclosures
  • Custom cabinets with soft-close drawers
  • Oversized kitchen sinks
  • Custom paint
  • Wood-style flooring
  • Ceiling fans
  • In-unit Washers/Dryers
  • Central Heating/Air
  • All-New Exterior - New Siding, Decks, Paint, and Roof
  • Covered Parking Spaces
  • Gated Complex Including Parking Area
Documents
Location
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