
Oceanside, California 92054
Analysis of 110 S Freeman Street, Oceanside, California 92054 is currently available with a list price of $1,800,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oceanside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1965 mixed-use building that shows a mix of conditions. While one residential unit has been recently remodeled with clean, modern white shaker cabinets, laminate countertops, and new vinyl plank flooring, the overall asset remains aged. The exterior of the detached cottage and the garage show visible signs of wear, weathered wood, and deferred maintenance. The commercial units and the building's exterior envelope are functional but outdated, fitting the criteria for a property that is maintained but requires minor updates to meet modern standards across all units.
Situated just five blocks from the beach and within walking distance to downtown Oceanside, the property is perfectly positioned to benefit from high foot traffic and the area's ongoing revitalization.
The mixed-use configuration of two retail units and two residential units offers a balanced investment, reducing vacancy risk and providing multiple avenues for cash flow.
With commercial rents currently performing below market rates and a recently remodeled residential unit, there is significant potential to increase the Net Operating Income (NOI) through strategic lease adjustments.
Built in 1965, the property may require additional capital investment for long-term maintenance or upgrades to older systems that have not been recently modernized.
The provision of only four alley spaces and one garage for four separate units may create logistical challenges for tenants and limit accessibility for retail customers in a high-demand coastal zone.
Prime Mixed-Use Investment Opportunity in Oceanside – Coastal Growth & Income Potential Exceptional mixed-use property located just five blocks from the beach and within walking distance to downtown Oceanside’s vibrant shops, restaurants, and entertainment. This prime asset offers a rare opportunity to own retail and residential units in one of North County’s fastest-growing coastal markets. Property Overview Mixed-Use Configuration: 2 Retail Units + 2 Residential Units Parking: 4 rear alley parking spaces, one car garage Location: Prime coastal corridor near downtown and beach access Income-Producing Property with Upside Potential Income Details Commercial Units Two retail spaces are currently leased at $924.50 each. Strong potential for rent increases (appears below market) Residential Units Recently remodeled 2-bedroom unit leased at $2,400 Detached beach cottage with one-car garage currently marketed at $2,700 Investment Highlights Five blocks to the beach – highly desirable coastal location Walkable to downtown amenities, increasing tenant appeal Adjacent to the prominent 1010 Building (hotel and live-work lofts), driving foot traffic and area revitalization Diversified income stream with residential and commercial tenants Opportunity to adjust rents and increase NOI Positioned to benefit from ongoing downtown redevelopment and long-term appreciation trends Oceanside continues to experience strong growth fueled by coastal demand, mixed-use development, and urban enhancements. This property is well-positioned for investors seeking stable cash flow with future upside in a dynamic beach community. Ideal for 1031 exchange buyers, value-add investors, or long-term hold strategies.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
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| Built year | 1965 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 4, 2026
$1,800,000
Initial Listing
Sep 29, 2009
$500,000
Public Record