415 S Weitzel St, Oceanside, California 92054, Oceanside, 92054 - 2 bed, 1 bath
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Oceanside, California 92054
This Coastal Development Asset is listed at $1,015,000, positioned above the $864,996 Fair Market Value to account for its significant Development Potential. Currently maintaining a Condition Rating of 4, the 1956 cottage features original hardwood floors and a large private lot, though it remains tenant-occupied until 2026. The primary value-add strategy involves a second-story expansion to capture premium Ocean Views, maximizing future ROI. Proximity to Oceanside High School, Lincoln Middle School, and South Oceanside Elementary ensures long-term land value. This is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 415 S Weitzel St Subject | $1,015,000* List Price | 2 | 1 | 864 | $1,001 | - |
A 1602 Grandview St Active | $949,900 List Price | 3 | 2 | 1,155 | $822 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this cottage is well-maintained but shows clear signs of age with outdated light fixtures, older windows, and a lack of recent major renovations. While the original hardwood floors are a high-quality feature, the property's overall style and the 'drive-by only' restriction suggest it is a functional but dated home likely being sold for its coastal location and development potential.
The property offers significant value-add potential as a second-story addition would capture ocean views, a premium feature in the coastal Oceanside market.
Described as a secluded getaway, the home sits on a lot with a large backyard, providing rare privacy and ample room for expansion or outdoor entertaining.
The cottage features beautiful original hardwood floors, preserving the mid-century character and providing a high-quality foundation for future renovations.
The home is tenant-occupied until April 2026 and restricted to 'drive-by only' viewings, posing a significant hurdle for traditional buyers and owner-occupants.
At only 864 square feet with a single bathroom, the current living space is quite limited relative to the million-dollar price point, likely requiring expansion to meet modern standards.
The home is tenant occupied until April 18, 2026. Needs to be drive by only until the tenant vacates the property. DO NOT GO ON THE PROPERTY. Submit all offers to the agent Elissa Davey. This is a sweet cottage with beautiful hardwood floors. Two bedrooms and one bath with a large back yard. It is a nice secluded get away and would have ocean views with a second story. This home was built in 1956 and is a very private. Please drive by today and look at this home and make an offer. DO NOT GO ON THE PROPERTY!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 864 | 1,705 | 1% |
| Lot Size | - | 7,535.5 | 6% |
| Price | $1.01M | $1.36M | 27% |
| Price per sq ft | $1.2K | $718 | 93% |
| Built year | 1956 | 1973 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 121 | 9% |
Apr 2, 2026
$1,015,000
Initial Listing
Oct 8, 2010
$315,000
Public Record
Jul 22, 1998
$118,000
Public Record
Dec 30, 1993
$103,500
Public Record