
Oceanside, California 92058
This Coastal R3 Investment Opportunity is a Strong Value Opportunity, listed at $1,199,000—positioned above the $1,116,860 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3 with a 2014 addition and modern mini-split HVAC. The R3 Coastal Zoning allows for significant development, including a potential triplex or four ADUs. This asset is ideal for Buy-and-Hold Investors or Multigenerational Families seeking a flexible, income-producing coastal compound with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1330 Bush Street Subject 5 bd · 3 ba · 1,826 sqft · $612 | $1,199,000* List Price | 5 | 3 | 1,826 | $612 | - |
A 1315 Bush St Pending 3 bd · 2 ba · 1,458 sqft · $610 · 0.0 mi | $889,000 List Price | 3 | 2 | 1,458 | $610 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1958, the property features a significant addition from 2014 and recent interior/exterior paint. The kitchen and bathrooms are updated with functional, modern finishes, and the installation of mini-split HVAC systems indicates upgraded climate control. The home is move-in ready and well-maintained.
The R3 coastal zoning provides exceptional flexibility for investors, allowing for the potential development of a triplex or a primary residence with up to four ADUs.
With two distinct living units totaling 5 bedrooms and 3 bathrooms, the property is perfectly configured for immediate rental income or multigenerational living.
Ideally situated near the Oceanside Pier, Harbor, and major transit corridors, the property offers high desirability and strong long-term appreciation potential.
The preference to sell this property alongside the adjacent vacant lot may require a higher capital outlay, potentially limiting the pool of single-lot buyers.
Local elementary and middle schools have lower performance ratings, which may be a drawback for families prioritizing high-ranking educational districts.
Welcome to this Coastal R3 Investment Opportunity! This property (APN: 148-063-20-00) is preferred to be sold together with the adjacent vacant LOT (APN: 148-063-21-00, MLS# OC26010908), offering a unique opportunity to acquire two contiguous parcels with exciting development potential. This Two Homes on One LOT + Additional Vacant LOT (listed separately) currently listed for sale in Oceanside. Discover an exceptional investment and development opportunity in the heart of Oceanside. This unique property features two homes on one LOT all situated within an R3 coastal zoning area, offering incredible flexibility for homeowners, investors, and developers alike. The main residence offers 1,246 square feet of living space with 3 bedrooms and 2 bathrooms on a 4,974-square-foot lot. The home has been freshly painted inside and out and features mini-split heating and air conditioning throughout the house and the attached addition for year-round comfort. Built in 2014, the attached addition provides an additional 580 square feet of living space and includes 2 bedrooms, 1 bathroom, and a full kitchen, making it ideal for multigenerational living, guest accommodations, or rental income. Together, both living spaces offer a total of 1,826 square feet, plus an additional 400-square-foot detached garage. Adding even more value is the separate 5,023 sqft vacant LOT, creating endless possibilities for future development. Under the R3 coastal zoning designation, buyers may have the opportunity to build a new home with up to four ADUs (two detached ADUs, one conversion ADU, and one JADU) or potentially develop a triplex. Buyers are encouraged to verify all development opportunities with the City of Oceanside. Ideally located just minutes from the iconic Oceanside Pier, Oceanside Harbor, beautiful beaches, Camp Pendleton, and major transportation corridors, including Highways 5, 76, and 78, this property offers the perfect combination of coastal living, income potential, and long-term investment value. Opportunities like this are incredibly rare. Whether you're looking to expand your real estate portfolio, develop additional units, or create a multigenerational coastal compound, this property offers unlimited potential.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 2.5 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,826 | 1,724.705 |
| Lot Size | 4,974 | 6,427.213 |
| Price | $1.20M | $960.6K |
| Price per sq ft | $657 | $549 |
| Built year | 1958 | 1987 |
| HOA | $0 | $149 |
| Days on market | 65 | 45 |
Aug 21, 2026
$1,199,000
Initial Listing
Mar 20, 2014
$40,000
Public Record
Jul 25, 2008
$15,000
Public Record