5004 Los Morros Way 2, Oceanside, California 92057, Oceanside, 92057 - 2 bed, 2 bath
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5004 Los Morros Way 2
Oceanside, California 92057
ACTIVE
CONDITION: GOOD
2Beds
2Baths
900Sq Ft
1.43Lot Size
Property Price
LIST PRICE$479,999
EST. MARKET VALUE
$450,131
6% AboveMARKET VALUE
SUMMARY
This Move-In Ready Condominium represents a Strong Value Opportunity, listed at $479,999—positioned well above the $450,131 Fair Market Value. While the price reflects a premium, the property offers a unique financial advantage through the ability to assume a 3.8% VA Loan, significantly lowering long-term carrying costs. Featuring a Condition Rating of 3 with a Granite Kitchen and modern updates, this home provides a resort-style lifestyle with a Pool, Spa, and Private Patio. This is an ideal acquisition for VA-eligible buyers or first-time buyers seeking coastal convenience.
Estimated Market Value
$450,131
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 |
|---|---|---|---|---|---|---|
★ 5004 Los Morros Way 2 Subject | $479,999* List Price | 2 | 2 | 900 | $500 | - |
A 5021 Los Morros 31 Sold | $479,000 | 2 | 2 | 1,100 | $435 | 0.0 mi |
B 505 Calle Montecito 28 Sold | $412,000 | 2 | 2 | 856 | $481 | 0.7 mi |
C 510 Calle Montecito 57 Sold | $419,000 | 2 | 2 | 856 | $489 | 0.7 mi |
D 517 Calle Montecito 91 Sold | $385,000 | 2 | 1 | 806 | $478 | 0.7 mi |
E 5120 N River Road E Sold | $445,000 | 2 | 2 | 992 | $449 | 0.2 mi |
F 510 Calle Montecito 51 Sold | $385,000 | 2 | 1 | 806 | $478 | 0.7 mi |
G 5037 Los Morros Way 70 Active | $459,000 List Price | 2 | 2 | 900 | $510 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1986 but features significant interior updates. The bathroom has undergone a modern renovation with subway tile and black fixtures, and the living areas feature updated flooring. The kitchen includes granite countertops and updated appliances, making the unit move-in ready and well-maintained despite the age of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Favorable Financing Opportunity
The ability to assume a 3.8% VA loan provides a significant competitive advantage, offering qualified buyers a much lower interest rate than current market averages.
- Move-In Ready Condition
The condo features modern upgrades including granite countertops and updated appliances, complemented by essential conveniences like an attached garage and in-unit laundry.
- Resort-Style Community Amenities
Located in the gated Stonemark community, residents benefit from premium amenities including a pool, spa, fitness center, and direct access to a scenic bike path to the beach.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1, other record lot size in square feet = 62128.
- Extended Days on Market
With 118 days on the market and three consecutive price reductions, the property has struggled to gain traction, which may lead to lower offers from savvy buyers.
- High Monthly Carrying Costs
The $523 monthly association fee is relatively high for a 900-square-foot unit, which could impact the overall affordability and debt-to-income ratio for prospective owners.
About 5004 Los Morros Way 2
Assume a 3.8% VA Loan - Subject to Lender Approval and Buyer Qualification. This move-in-ready condo is located in the gated Stonemark community of Oceanside and features an open-concept layout with a spacious kitchen complete with granite countertops and updated appliances. The home also offers an attached garage, in-unit washer and dryer, and a private patio perfect for relaxing. Ideally situated just 7 miles from downtown Oceanside, with access to a scenic bike path leading straight to the beach. Residents enjoy resort-style amenities including a pool, spa, fitness center, and playground—offering the perfect blend of comfort, convenience, and coastal living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 1.43 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $523.0 / Month
Neighborhood Insights
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 | 900 | 1,071.918 |
| Lot Size | 1.43 | 62,344.357 |
| Price | $480.0K | $611.4K |
| Price per sq ft | $533 | $533 |
| Built year | 1986 | 1988 |
| HOA | $523.0 | $527 |
| Days on market | 134 | 55 |
Pricing History
Listed for Sale
Aug 11, 2026
$479,999
$484,999
-1% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$484,999
$494,999
-2% Price Drop
Initial Listing
Price Change
Jun 18, 2026
$494,999
$499,999
-1% Price Drop
Initial Listing
Price Change
Apr 15, 2026
$499,999
Initial Listing
Sold
Apr 15, 2022
$500,000
Public Record
Sold
Apr 19, 2005
$266,000
Public Record