3606 Vista Rey 22, Oceanside, California 92057, Oceanside, 92057 - 2 bed, 2 bath
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3606 Vista Rey 22
Oceanside, California 92057
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
2Baths
1,177Sq Ft
3.3Lot Size
Property Price
LIST PRICE$279,000
EST. MARKET VALUE
$312,136
10% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $279,000—positioned well below the $312,137 Fair Market Value by 10%. This valuation gap offers $33,137 in Instant Equity for buyers. Featuring a Condition Rating of 4, the unit requires modernization, allowing for significant value-add potential. With Panoramic Views and a Single-Level Layout in a 55+ community, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a customizable residence in a prime Oceanside location.
Estimated Market Value
$312,136+$33,136 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 |
|---|---|---|---|---|---|---|
★ 3606 Vista Rey 22 Subject 2 bd · 2 ba · 1,177 sqft · $265 | $279,000* List Price | 2 | 2 | 1,177 | $265 | - |
A 3606 Vista Rey 46 Sold 2 bd · 2 ba · 1,177 sqft · $255 · 0.0 mi | $300,000 | 2 | 2 | 1,177 | $255 | 0.0 mi |
B 3760 S Vista Campana 75 Sold 2 bd · 1 ba · 940 sqft · $292 · 0.3 mi | $274,500 | 2 | 1 | 940 | $292 | 0.3 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 property is over 50 years old and retains a significantly dated interior. While functional, the kitchen features older appliances and laminate countertops, and the bathroom vanity shows visible wear and chipping. The listing description explicitly states the unit is priced to allow for buyer updates, confirming it needs modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views
As a desirable end unit, the property offers exceptional views of the San Luis Rey Valley and sunsets, complemented by refreshing ocean breezes that enhance the living experience.
- Single-Level Accessibility
This ground-floor, single-story layout is ideal for the 55+ community demographic, providing maximum convenience and ease of access without the burden of stairs.
- Investment Potential
Priced competitively to account for its current state, this unit offers a prime opportunity for buyers to build immediate equity through personalized renovations and modern updates.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3, other record lot size in square feet = 143674.
- Dated Condition
The property requires comprehensive interior updates and modernization, which will necessitate additional capital investment and time from the buyer immediately after closing.
- High Association Fees
The monthly HOA fee of $631 represents a significant recurring carrying cost that may impact the overall affordability and budget for fixed-income residents.
About 3606 Vista Rey 22
End unit Condo and ready to BUY! Fantastic View of San Luis Rey Valley with gorgeous sunsets from living room. Ocean breezes cool this single level home on ground floor in 55+ complex. 2 bedrooms with 2 bathrooms. Primary has plantation shutters for windows and closet along with a secondary closet across from primary bath which has vanity area with ample room to move about. You can have it your way! This unit is priced for you to select and have the updates that you will enjoy at this price point. Covered parking, pool, hot tub and clubhouse. Minutes to beach, eateries, entertainment centers including movie theaters and golf, mall and EZ access to freeways.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 3.3 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $631.0 / Month
Neighborhood Insights
Oceanside Unified Schools
San Luis Rey Elementary School
Grades K-5 • 0.3 mi
3/10
Martin Luther King Jr. Middle School
Grades 6-8 • 1.2 mi
6/10
El Camino High School
Grades 9-12 • 0.7 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,177 | 1,071.232 |
| Lot Size | 3.3 | 55,759.858 |
| Price | $279.0K | $576.2K |
| Price per sq ft | $237 | $544 |
| Built year | 1972 | 1988 |
| HOA | $631.0 | $530 |
| Days on market | 23 | 58 |
Pricing History
Listed for Sale
Oct 2, 2026
$279,000
Initial Listing
Sold
Apr 17, 2023
$435,000
Public Record
Sold
May 24, 2013
$127,000
Public Record
Sold
Jul 28, 2003
$158,500
Public Record
Sold
Dec 11, 2002
$135,000
Public Record