2194 Luz Way, Oceanside, California 92056, Oceanside, 92056 - 3 bed, 2 bath
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Oceanside, California 92056
This Single-Story Residential Asset represents a Strong Value Opportunity, listed at $839,000—positioned well above the $780,736 Fair Market Value by 7%. While the property requires modernization, its Fair Condition Rating and flexible floor plan offer significant potential for value-add renovations. Featuring a private patio and low-maintenance landscaping, the home provides a stable foundation for long-term appreciation. Located in the Oceanside Unified School District, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a coastal lifestyle project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2194 Luz Way Subject | $819,000* List Price | 3 | 2 | 1,281 | $605 | - |
A 2180 Anda Lucia Sold | $855,000 | 3 | 2 | 1,281 | $667 | 0.1 mi |
B 2187 Castilla Way Sold | $820,000 | 3 | 2 | 1,281 | $640 | 0.1 mi |
C 2077 Tiffany Dr Sold | $805,000 | 3 | 2 | 1,463 | $550 | 0.3 mi |
D 2175 Castilla Way Sold | $825,000 | 3 | 2 | 1,535 | $537 | 0.1 mi |
E 4028 Johnson Drive Sold | $765,000 | 3 | 2 | 1,312 | $583 | 0.7 mi |
F 3607 Frenzel Circle Active | $599,000 List Price | 2 | 2 | 1,007 | $595 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, the home is 37 years old and retains most of its original finishes. The kitchen and bathrooms feature dated oak cabinetry, tile countertops, and fluorescent light boxes typical of the era. While the property appears well-maintained and functional, the listing description explicitly mentions the need for 'personal touches and updates,' placing it firmly in the fair category due to age and lack of recent renovations.
The home features a highly desirable single-story layout with multiple skylights that flood the interior with natural light, making it an ideal choice for retirees or those seeking a bright, open living space.
With a low monthly HOA fee of $139 and no Mello-Roos assessments, this property offers exceptional affordability and lower monthly overhead compared to many newer developments in North County San Diego.
Located in a fast-growing coastal community, the property is minutes away from MiraCosta College, Frontwave Arena, and Oceanside’s beaches, providing strong potential for long-term appreciation and lifestyle convenience.
Although tax records indicate three bedrooms, the current layout functions as a two-bedroom with a flex space, requiring additional investment and modifications to convert it back into a traditional third bedroom.
The property is noted for having 'great bones' but requires personal touches and updates, suggesting that the 1989 interior may be dated and will require immediate capital improvement to meet modern aesthetic standards.
Located in the southern edge of Oceanside, one of Southern California’s fastest-growing coastal communities and newest vacation destinations, this single-story charmer offers the perfect opportunity for first-time buyers, downsizers, retirees, or anyone looking to enjoy the laid-back coastal lifestyle. Welcome to 2194 Luz Way—a light-filled 2 bedroom, 2 bath home with an additional flex space ideal for a home office, hobby room, guest area, or creative space. Tax records reflect a 3 bedroom; modifications would be needed for a traditional third bedroom configuration. Natural light pours into the home through multiple skylights, creating a warm and inviting atmosphere throughout. The spacious great room features a cozy fireplace, dining area, and seamless access to the low-maintenance backyard and patio, making indoor-outdoor living easy and enjoyable. The primary suite also opens directly to a private patio and yard retreat. The home offers great bones and incredible potential for someone ready to add their own personal touches and updates. Fruit trees, low-maintenance landscaping, low HOA fees, and no Mello-Roos add to the appeal and affordability. Residents enjoy access to two nearby grassy parks with ocean views and relaxing overlooks toward El Camino Country Club. Ideally located near Frontwave Arena, MiraCosta College, shopping, dining, parks, schools, and just a short drive to Oceanside beaches, Oceanside Harbor, and downtown Oceanside. Live where coastal beauty, outdoor recreation, and Southern California beach town charm come together. Spend your days whale watching, biking the coastal trails, exploring local restaurants and craft breweries, golfing nearby courses, or simply enjoying the year-round sunshine. This is your chance to own an affordable piece of coastal Oceanside living in North County San Diego.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 2.3 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 50% |
| Square foot | 1,281 | 1,742 | 21% |
| Lot Size | 4,570 | 5,616 | 33% |
| Price | $819.0K | $950.0K | 23% |
| Price per sq ft | $639 | $561 | 76% |
| Built year | 1989 | 1988 | 52% |
| HOA | $139.0 | $99 | 62% |
| Days on market | 37 | 129 | 8% |
May 30, 2026
$819,000
$839,000
-2% Price Drop
Initial Listing
May 12, 2026
$839,000
Initial Listing
Jan 15, 1999
$174,500
Public Record
Nov 21, 1995
$138,500
Public Record