309 Calle Montecito, Oceanside, California 92057, Oceanside, 92057 - 0 bed, 0 bath
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309 Calle Montecito
Oceanside, California 92057
ACTIVE UNDER CONTRACT
CONDITION: FAIR
0Beds
0Baths
902Sq Ft
3,973Lot Size
Property Price
LIST PRICE$579,999
EST. MARKET VALUE
$599,000
3% BelowMARKET VALUE
SUMMARY
This property presents a Prime Investment Opportunity with a List Price of $599,000—positioned well below the $614,036 Fair Market Value by 2%. This valuation gap offers $15,036 in Instant Equity. Featuring a Condition Rating of 4, the unit provides immediate cash flow with a long-term tenant in place. Key amenities include a private fenced backyard and covered patio, which are rare for this Single Family Residence type. This is a stable, income-producing Asset ideal for Buy-and-Hold Investors or Portfolio Managers.
Estimated Market Value
$599,000+$19,001 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oceanside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 Calle Montecito Subject | $579,999* List Price | 0 | 0 | 902 | $664 | - |
A 4608 Calle De Retiro Sold | $600,000 | 3 | 1 | 820 | $732 | 0.4 mi |
B 4798 Calle Los Santos Sold | $610,000 | 2 | 1 | 902 | $676 | 0.2 mi |
C 4798 Calle Los Santos Sold | $610,000 | 2 | 1 | 902 | $676 | 0.2 mi |
D 270 Smoke Tree Place Sold | $695,000 | 2 | 2 | 906 | $767 | 0.8 mi |
E 4791 Macadamia Court Sold | $650,000 | 3 | 2 | 1,006 | $646 | 0.8 mi |
F 245 Smoke Tree Place Sold | $689,000 | 2 | 2 | 906 | $760 | 0.7 mi |
G 255 Flame Tree Place Sold | $725,000 | 3 | 2 | 1,006 | $721 | 0.7 mi |
H 267 Fortunada Street Sold | $625,000 | 2 | 1 | 827 | $756 | 0.4 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1972, this 50+ year old property features a kitchen that, while functional and cosmetically touched up with paint, remains dated with older cabinetry and finishes. The interior shows signs of age consistent with a renovation older than 15-20 years, requiring modernization to meet current market standards despite being move-in ready for a tenant.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
The property offers immediate cash flow with a long-term tenant already in place paying $2,960 per month, making it an ideal, low-friction addition to an investment portfolio.
- Rare Outdoor Amenities
Featuring a private fenced backyard and covered patio, this home provides a unique outdoor living space that is uncommon for condominiums, significantly increasing its marketability and tenant appeal.
- Prime Coastal Location
Situated just minutes from the beach, dining, and major commuter routes, the property benefits from the high demand and lifestyle appeal of the Oceanside coastal community.
CONSRISKS & DEFICIENCIES
- Occupancy Limitations
The requirement to purchase the property with the tenant in place excludes owner-occupant buyers who need immediate residency, narrowing the potential buyer pool primarily to investors.
- Single Bathroom Configuration
With only one bathroom for a two-bedroom unit, the layout may be less competitive compared to modern developments that typically offer a second bathroom for added convenience.
About 309 Calle Montecito
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 3,973 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oceanside Unified Schools
Libby Elementary School
Grades K-5 • 0.5 mi
4/10
Reynolds Elementary School
Grades K-5 • 0.7 mi
5/10
Del Rio Elementary School
Grades K-5 • 1.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 902 | 1,763.95 |
| Lot Size | 3,973 | 6,778.018 |
| Price | $580.0K | $969.7K |
| Price per sq ft | $643 | $560 |
| Built year | 1972 | 1986 |
| HOA | $0 | $147 |
| Days on market | 36 | 43 |
Pricing History
Listed for Sale
Jul 27, 2026
$579,999
$599,000
-3% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$599,000
Initial Listing
Sold
Aug 31, 2021
$430,000
Public Record
Sold
Oct 30, 2009
$120,000
Public Record