406 8 S Myers Street, Oceanside, California 92054, Oceanside, 92054 - 0 bed, 0 bath
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406 8 S Myers Street
Oceanside, California 92054
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,733Sq Ft
3,988Lot Size
Property Price
LIST PRICE$1,749,000
EST. MARKET VALUE
$1,491,856
17% AboveMARKET VALUE
SUMMARY
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,749,000—positioned well above the $1,491,857 Fair Market Value by -17%. Featuring Zoning R-4 and separately metered electric, this property offers significant rental versatility just three blocks from the beach. With a Condition Rating of 3, the units are move-in ready with major system updates. This coastal asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage the high-demand South Oceanside rental market.
Estimated Market Value
$1,491,856
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 |
|---|---|---|---|---|---|---|
★ 406 8 S Myers Street Subject 0 bd · 0 ba · 1,733 sqft · $861 | $1,749,000* List Price | 0 | 0 | 1,733 | $861 | - |
A 712 S Myers Street Sold 0 bd · 0 ba · 2,327 sqft · $838 · 0.2 mi | $1,950,000 | 0 | 0 | 2,327 | $838 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1951, the property has undergone major system updates including separately metered electric and plumbing for laundry. Interior photos show functional, updated bathrooms with modern vanities and vinyl windows, suggesting a renovation within the 5-15 year range. The units appear well-maintained and move-in ready for tenants.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just three blocks from the beach in the highly desirable South Oceanside neighborhood, this property offers exceptional walkability to local amenities and high rental demand.
- Investment Versatility
The R-4 zoned triplex features separately metered electric and a flexible layout, allowing an owner-user to live in one unit while generating significant income from the others.
- Functional Infrastructure
The property includes major system updates, a dedicated laundry room ready for installation, and a large driveway providing rare ample parking for a coastal multi-family asset.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With units ranging from 500 to 650 square feet, the compact living areas may limit the tenant profile or cap the maximum achievable rent compared to larger modern units.
- Vintage Construction
Originally built in 1951, the property may require more frequent maintenance and potential aesthetic upgrades to compete with newer developments in the area.
About 406 8 S Myers Street
Calling all investors! Just 3 blocks from the beach in South Oceanside, this triplex is located in a walkable coastal neighborhood close to local coffee shops and restaurants. Zoned R-4 for multifamily, the property includes a 2BD/1BA unit of approx. 650 sq.ft. with private outdoor space and two 1BD/1BA units of about 500 sq.ft. each. Lovingly maintained over the years with major system updates. Electric is separately metered per unit and property has a framed laundry space with plumbing and a dedicated water heater in place, ready for a washer and dryer to be added. Two outdoor showers with hot water make rinsing off after the beach easy, and the large driveway offers ample parking for everyone. Live in one and rent the others, or hold all three as income property in the highly sought-after SouthO coastal market. Please DO NOT DISTURB TENANTS. Buyer and buyer’s agent to verify all information in MLS prior to close of escrow.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1951
- Lot Size
- 3,988 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
South Oceanside Elementary School
Grades K-5 • 1.4 mi
4/10
Lincoln Middle School
Grades 6-8 • 1.5 mi
5/10
Oceanside High School
Grades 9-12 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.1 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,733 | 1,422.5 |
| Lot Size | 3,988 | 5,065.475 |
| Price | $1.75M | $918.0K |
| Price per sq ft | $1.0K | $607 |
| Built year | 1951 | 1978 |
| HOA | $0 | $432 |
| Days on market | 5 | 51 |
Pricing History
Listed for Sale
Oct 20, 2026
$1,749,000
Initial Listing
Sold
Nov 9, 2001
$410,000
Public Record