516 S The Strand

    Oceanside, CA 92054
    • $4,550,000
    • STATUS: ACTIVE
    • ON SITE: 193 days
    • ID#: 180023356
    UPDATED: 21 min ago
    $4,550,000
    • 8
      BEDS
    • N/A
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 5,900
      SQFT
    • $771
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2012
    County:

    Description

    516 S. The Strand is a beautiful and massive Oceanfront Luxury Duplex, Built to Condo Specs in 2012, featuring a rare subterranean gated parking garage that spans the length of the building (w/ 4 tandem spaces), with access to units via two private elevators or stairwell. Multiple white water ocean view patios/balconies. +/-5,825 SF of RBA. Upstairs unit is a 4br/4.5ba unit (+/- 3,000 SF), and downstairs is a 4br/4ba unit (+/-2,900 SF). Both units have higher-end finishes, fixtures and appliances. Well-appointed/well-maintained units with panoramic white water ocean views, great natural light, featuring: tankless water heaters, washer/dryer hookups, central HVAC, recessed lighting, granite countertops, higher-end wood cabinetry throughout, hardwood flooring, tile flooring in bathrooms, carpeted bedrooms, master bath w/ jacuzzi tub, large walk-in closets, Viking appliances (some), dual-pane windows, well-maintained/new curved roof, backsplashes, moldings, et al. Presently, there is a long-term lease in-place of the entire property (both units by one tenant), until the end of February, 2019. A video of unit interiors and full marketing OM available upon request.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/83212932

    516 S The Strand Oceanside, CA 92054

    • Price: $4,550,000
    • Status: ACTIVE
    • Updated: 21 min ago
    • ID#: 180023356
    8
    Beds
    8
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,900
    SQFT
    $771
    $/SQFT
    2012
    Built
    Neighborhood:
    Coastal Oceanside
    County:
    San Diego
    Area:
    Oceanside (92054)
    Elementary School:
    Oceanside Unified School District
    Middle School:
    Oceanside Unified School District
    High School:
    Oceanside Unified School District
    School District:
    Oceanside Unified
    Property Description
    516 S. The Strand is a beautiful and massive Oceanfront Luxury Duplex, Built to Condo Specs in 2012, featuring a rare subterranean gated parking garage that spans the length of the building (w/ 4 tandem spaces), with access to units via two private elevators or stairwell. Multiple white water ocean view patios/balconies. +/-5,825 SF of RBA. Upstairs unit is a 4br/4.5ba unit (+/- 3,000 SF), and downstairs is a 4br/4ba unit (+/-2,900 SF). Both units have higher-end finishes, fixtures and appliances. Well-appointed/well-maintained units with panoramic white water ocean views, great natural light, featuring: tankless water heaters, washer/dryer hookups, central HVAC, recessed lighting, granite countertops, higher-end wood cabinetry throughout, hardwood flooring, tile flooring in bathrooms, carpeted bedrooms, master bath w/ jacuzzi tub, large walk-in closets, Viking appliances (some), dual-pane windows, well-maintained/new curved roof, backsplashes, moldings, et al. Presently, there is a long-term lease in-place of the entire property (both units by one tenant), until the end of February, 2019. A video of unit interiors and full marketing OM available upon request.
    Exterior Features

    Exterior Stucco Fencing Other/Remarks Frontage Ocean/Sand Parking Garage Desc Unit1 Underground Roof Rock/Gravel Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Units With Garages 2 Units With Patios 2 View Ocean

    Interior Features

    Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 1 Heat Source Natural Gas Stories 2 Story Total Baths Unit1 4 Total Baths Unit2 5 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type Tankless

    Property Features

    Actual Cap Rate 1.69 Age Restrictions N/K Annual Expense Actual 78634 Annual Expense Projected 121647 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community Oceanside Complex Park N/A Cross Streets Ash St. Gross Rent Multiplier Actual 29.98 Gross Rent Multiplier Project 10.42 Gross Scheduled Income Actual 166800 Gross Scheduled Income Project 480000 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area Coastal North Monthly Total Fees 0 Net Operating Income Projected 127953 Other Fees 0 Other Income Actual 20000 Pets No Pets Allowed Projected Cap Rate 2.76 Sales Restrictions Other/Remarks Security Automatic Gate Short Sale No Tenant Pays SewerWaterCable TvElectricityGas/Propane Terms CashConventional Unit1 Deposit 6100 Unit1 Occupied Tenant Unit1 Projected Rent 20000 Unit1 Rent Actual 6400 Unit2 Deposit 3000 Unit2 Occupied Tenant Unit2 Projected Rent 20000 Unit2 Rent Actual 7500 Water Meter On Property Water District City Of Oceanside

    Listing provided courtesy of Palma Commercial. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130