
Oceanside, California 92054
This property presents a High-Potential Investment Opportunity with a List Price of $989,000—positioned well below the $989,193 Fair Market Value by 0.02%. Featuring a Condition Rating of 6, the existing 912 sq. ft. structure serves as a blank canvas on a massive 11,761 sq. ft. lot. With neighboring developments exceeding $2M, the site offers significant redevelopment potential for a custom coastal estate. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors targeting the South Oceanside market.
Property is land value only, full reconstruction required.
Built in 1950 (76 years old) with no mention of renovations, the property is explicitly marketed as a development opportunity and 'blank canvas' for a new build, indicating the value is in the land rather than the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 912.
The property features a rare, flat 11,761 sq. ft. lot, providing an expansive footprint for a custom coastal estate, ADU additions, or potential multi-unit development in a high-demand zone.
Situated in the coveted 'South O' neighborhood, this location offers a premium coastal lifestyle with no HOA and easy walking or biking access to the beach, local boutiques, and trendy eateries.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11761, other record lot size in square feet = 11946.
The original 1950s cottage is small at only 912 sq. ft. and is marketed as a 'blank canvas,' indicating that the current dwelling likely requires a total teardown or massive renovation.
At nearly $1M for a 2-bedroom fixer-upper, the list price reflects land value rather than the utility of the existing home, which may limit financing options for traditional residential buyers.
DREAM IT. BUILD IT. OWN A PIECE OF SOUTH O. A rare opportunity to create something truly special in one of Oceanside’s most desirable coastal neighborhoods. Located on sought-after California Street, 1706 California St. offers exceptional value, a flat large lot, no HOA, and endless possibilities just a short stroll from the coast. For investors, builders, or visionaries ready to create their dream coastal property, this is the opportunity you’ve been waiting for. The neighboring new development -with homes selling in the $2M+ range -offers a glimpse of the exciting potential and continued evolution of this coveted South Oceanside pocket. The existing property offers a blank canvas for your vision. Build a custom coastal retreat, explore development possibilities, or create a smart investment. And then there’s South O. Walk or bike to the beach, enjoy the laid-back coastal lifestyle, and experience the eclectic mix of coffee shops, local restaurants, breweries, boutiques, surf culture, parks, and neighborhood favorites that make South Oceanside so uniquely desirable. With the coast just minutes away and continued investment and development transforming the area, this is a location with serious upside.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 912 | 1,724.705 |
| Lot Size | 11,761.2 | 6,427.213 |
| Price | $989.0K | $960.6K |
| Price per sq ft | $1.1K | $549 |
| Built year | 1950 | 1987 |
| HOA | $0 | $149 |
| Days on market | 11 | 45 |
Oct 14, 2026
$989,000
Initial Listing