309 Calle Montecito, Oceanside, California 92057, Oceanside, 92057 - 2 bed, 1 bath
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Oceanside, California 92057
This High-Potential Investment Opportunity is listed at a List Price of $599,000, positioned well below the $608,295 Fair Market Value by 1.5%. This valuation gap provides $9,295 in Instant Equity. Featuring a Fair Condition Rating, the property includes a private fenced backyard and covered patio, offering significant tenant appeal. With a long-term tenant currently in place, this asset provides immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or portfolio-focused buyers seeking a turnkey coastal rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 Calle Montecito Subject | $599,000* List Price | 2 | 1 | 902 | $674 | - |
A 4798 Calle Los Santos Sold | $610,000 | 2 | 1 | 902 | $676 | 0.2 mi |
B 4798 Calle Los Santos Sold | $610,000 | 2 | 1 | 902 | $676 | 0.2 mi |
C 4608 Calle De Retiro Sold | $600,000 | 3 | 1 | 820 | $732 | 0.4 mi |
D 267 Fortunada Street Sold | $625,000 | 2 | 1 | 827 | $756 | 0.4 mi |
E 245 Smoke Tree Place Sold | $689,000 | 2 | 2 | 906 | $760 | 0.7 mi |
F 270 Smoke Tree Place Sold | $695,000 | 2 | 2 | 906 | $767 | 0.8 mi |
G 4791 Macadamia Court Sold | $650,000 | 3 | 2 | 1,006 | $646 | 0.8 mi |
H 167 Avenida Del Gado Sold | $685,000 | 2 | 1 | 1,161 | $590 | 0.9 mi |
I 172 Francesca Drive Active | $650,000 List Price | 2 | 2 | 901 | $721 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1972 (52 years old). While the listing mentions an updated kitchen, the photos reveal dated cabinetry, older white appliances, and budget-grade finishes. The flooring appears to be a more recent laminate, but the overall age of the structure and the dated nature of the kitchen and fixtures align with the 'Fair' category, requiring further modernization.
This turnkey investment features a long-term tenant already in place paying $2,960 per month, providing immediate cash flow and a strong cap rate for investors.
The property includes a private fenced backyard and covered patio, a rare and highly desirable amenity for condominium living that increases both value and tenant retention.
Located just minutes from the beach, shopping, and major commuter routes, the property is situated in a high-demand Oceanside neighborhood with strong long-term appreciation potential.
The requirement to purchase the property with the existing tenant in place limits the buyer pool to investors, excluding traditional owner-occupants who wish to reside in the home.
With only one bathroom for a two-bedroom unit, the property may be less competitive compared to modern developments that typically offer a second bathroom or powder room.
Exceptional investment opportunity in Oceanside! This well-maintained 2-bedroom, 1-bath condominium offers immediate rental income with a long-term tenant already in place paying $2,960 per month, making it an ideal turnkey addition to any investment portfolio. Located just minutes from the beach, shopping, dining, public transportation, and major commuter routes, this property combines strong rental appeal with an unbeatable coastal lifestyle. Inside, you'll find a bright and functional floor plan with spacious living areas, an updated kitchen, generous bedrooms, and abundant natural light throughout. One of the property's standout features is its private fenced backyard and covered patio—an uncommon amenity for condo living that adds significant value and tenant appeal. Whether you're looking to expand your real estate portfolio or secure a coastal asset with immediate cash flow, this property offers a rare opportunity to own an income-producing home in one of Southern California's most desirable beach communities. Property to be sold with tenant in place. Buyer to cooperate with existing tenancy.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 902 | 1,763 |
| Lot Size | 3,973 | 6,750 |
| Price | $599.0K | $960.1K |
| Price per sq ft | $664 | $566 |
| Built year | 1972 | 1986 |
| HOA | $0 | $144 |
| Days on market | 12 | 42 |
Jul 10, 2026
$599,000
Initial Listing
Aug 31, 2021
$430,000
Public Record
Oct 30, 2009
$120,000
Public Record