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110 S Freeman Street, Oceanside, California 92054, Oceanside, 92054 - bed, bath

110 S Freeman Street, Oceanside, California 92054 home-pic-0
ACTIVE$2,000,000
110 S Freeman Street, Oceanside, California 92054
0Bed
0Bath
2,369Sqft
5,209Lot
Year Built
1965
Close
-
List price
$2M
Original List price
$2.2M
Price/Sqft
$844
HOA
-
Days on market
-
Sold On
-
MLS number
ND24184719
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros.

Prime Investment Opportunity in Oceanside: Mixed-Use Property with Growth Potential This exceptional mixed-use property offers a rare investment opportunity in Oceanside. It combines commercial and residential units in a rapidly growing area. Perfectly positioned to benefit from the city's ongoing development and rising real estate values, this property presents a diversified income stream and long-term appreciation potential. Property Highlights: Mixed-Use Investment: This property features retail and residential units, providing multiple revenue sources and catering to a diverse tenant base. Prime Location Advantages: Close to Ocean: Just five blocks from the beach, enhancing the appeal of retail and residential spaces. Downtown Proximity: Within walking distance to shopping, dining, and entertainment, increasing tenant and customer demand. Adjacent to 1010 Building: Near a prominent hotel and live-work lofts, which drive foot traffic and support potential rent growth. Current Financial Performance: Commercial Units: Two retail spaces are currently rented at $1,590, with potential for rent adjustments, likely under market value. Residential Units: Two-Bedroom Unit: Recently remodeled and rented for $2800. Beach Cottage: Includes a one-car garage, on the market at $3,000. Parking: Convenient back alley with four parking spaces. Investment Growth Opportunities: Rent Increases: Potential to adjust rents across all units, mainly if current rates are below market. Appreciation Potential: Oceanside's real estate market has thrived, with property values rising significantly in recent years. Ongoing developments like the 1010 Building and other downtown enhancements are expected to boost property values further. Future Development Plans: Oceanside’s 2023 Downtown Development initiatives highlight continued growth, projecting increased demand for commercial and residential spaces. This property is well-positioned to benefit from these future enhancements. Why Invest in Oceanside? Oceanside continues to be one of Southern California’s thriving coastal communities, attracting investors with its favorable market trends, coastal location, and strategic city development plans. The area's investment potential is backed by ongoing growth in commercial and residential sectors, making this property an attractive opportunity for immediate revenue and long-term appreciation.

Nearby schools

3/10
Laurel Elementary School
Public,•K-5•0.9mi
3/10
Mission Elementary School
Public,•K-5•1.1mi
4/10
South Oceanside Elementary School
Public,•K-5•1.7mi
5/10
Lincoln Middle School
Public,•6-8•1.5mi
5/10
Oceanside High School
Public,•9-12•0.2mi
/10
Ocean Shores High (Continuation) School
Public,•9-12•2.8mi

Price History

Date
Event
Price
10/30/25
Price Change
$2,000,000-4.8%
10/23/25
Price Change
$2,100,000
09/07/24
Listing
$2,200,000
Condition Rating
Fair
The property was built in 1965, making it over 50 years old. While the listing states that one two-bedroom residential unit was 'recently remodeled' (which is supported by images showing updated kitchen cabinets, countertops, new LVP flooring, and fresh paint in that unit), the overall property condition is likely a mix. The exterior of the main building appears maintained but dated, and the 'beach cottage' unit looks older. The remodeled unit features a wall-mounted heater rather than central HVAC, indicating that not all systems are modern. Without full renovation details for the entire mixed-use property, and considering the significant age of the original structure, the property is best described as aged but maintained with occasional updates, fitting the 'Fair' category.
Pros & Cons

Pros

Mixed-Use Income Diversification: The property offers multiple revenue streams from both commercial and residential units, providing a diversified and stable income portfolio.
Exceptional Coastal & Downtown Location: Strategically located just five blocks from the beach and within walking distance to Oceanside's vibrant downtown, enhancing tenant and customer appeal.
Significant Appreciation Potential: Positioned in a rapidly growing area of Oceanside, benefiting from ongoing city development initiatives and a strong trend of rising real estate values.
Proximity to High-Traffic Developments: Adjacent to the prominent 1010 Building (hotel and live-work lofts), which drives consistent foot traffic and supports future rent growth for commercial spaces.
Valuable Dedicated Parking: Features convenient back alley access with four dedicated parking spaces, a premium and highly sought-after amenity in a dense urban/coastal environment.

Cons

Sub-Optimal Commercial Rents: Current commercial unit rents are noted as 'likely under market value,' indicating an immediate opportunity for income optimization but also a present underperformance.
History of Price Reductions: The property has undergone multiple price reductions from its original listing, which may suggest initial overpricing or a slower-than-expected market reception.
Aging Infrastructure (1965 Build): Built in 1965, the property may require significant ongoing maintenance or future capital expenditures for systems and components not recently updated, despite one residential remodel.

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