3511 Cameo Drive 78, Oceanside, California 92056, Oceanside, 92056 - 2 bed, 2 bath
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Oceanside, California 92056
This Condominium represents a High-Potential Investment Opportunity, listed at $629,000—positioned above the $571,632 Fair Market Value by 10%. While the property requires cosmetic updates given its Condition Rating of 4, it offers premium features including a top-floor corner location, vaulted ceilings, and dual private decks. Proximity to Christa Mcauliffe Elementary and El Camino High adds long-term stability. Despite restrictive rental policies, the inclusion of a detached garage and exclusive parking makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3511 Cameo Drive 78 Subject | $629,000* List Price | 2 | 2 | 1,008 | $567 | - |
A 2395 Rancho Del Oro Rd 29 Sold | $595,000 | 2 | 2 | 1,008 | $590 | 0.2 mi |
B 3575 Cameo Drive 43 Sold | $665,000 | 3 | 2 | 1,141 | $583 | 0.1 mi |
C 2395 Rancho Del Oro Road 30 Sold | $635,000 | 2 | 2 | 1,008 | $630 | 0.2 mi |
D 3315 Genoa Way 96 Sold | $610,000 | 2 | 2 | 1,016 | $600 | 0.3 mi |
E 3412 Cameo Drive 22 Sold | $555,000 | 2 | 2 | 1,008 | $551 | 0.1 mi |
F 3520 Paseo De Los Americanos 102 Sold | $542,000 | 2 | 2 | 1,093 | $496 | 0.7 mi |
G 3404 Cameo Drive 2 Active Under Contract | $699,000 List Price | 3 | 2 | 1,297 | $539 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, the property is over 30 years old and maintains much of its original character. While 'freshly painted,' the kitchen is dated with laminate countertops, a fluorescent light box, and older appliances. It is functional and move-in ready but requires cosmetic updates to meet modern standards.
As a top-floor corner unit with vaulted ceilings, this property offers enhanced privacy, superior natural light, and a more spacious architectural feel than standard interior units.
The inclusion of both a detached one-car garage and an additional exclusive-use parking space provides significant value and convenience rarely found in condominium complexes.
The floor plan features two distinct outdoor spaces, including a covered deck off the main living area and a private uncovered deck off the primary bedroom, maximizing usable square footage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =256763, other record lot size in square feet = 261479.
The HOA enforces a rental cap and a mandatory waiting list for approval, which may deter investors and limit future exit strategy flexibility for owner-occupants.
The specific rental cap limit is currently undisclosed or unknown by the association, creating a due diligence hurdle and potential long-term uncertainty for buyers.
TOP FLOOR CORNER UNIT in gated community Palmilla Del Oro! Drenched in sunlight! Freshly painted throughout....Vaulted ceilings, wood-burning gas starter fireplace in Living room; covered deck off Living/dining area; kitchen with breakfast nook. Primary bdrm has own uncovered deck, dual sink vanity, walkin closet. One car detached garage AND numbered exclusive use parking space. Laundry in unit. RENTAL RESTRICTIONS APPLY- per HOA owner must get on Rental list to get approval to rent unit. There is a CAP on amount of rentals but that CAP is unknown as of 5/21/2026.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,008 | 1,141 | 25% |
| Lot Size | 256,763 | 4,095 | 88% |
| Price | $629.0K | $690.0K | 39% |
| Price per sq ft | $624 | $529 | 78% |
| Built year | 1992 | 1990 | 67% |
| HOA | $475.0 | $430 | 68% |
| Days on market | 16 | 150 | 6% |
May 21, 2026
$629,000
Initial Listing
Mar 11, 1992
$113,000
Public Record