509 Calle Montecito 42, Oceanside, California 92057, Oceanside, 92057 - 2 bed, 1 bath
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509 Calle Montecito 42
Oceanside, California 92057
ACTIVE
CONDITION: GOOD
2Beds
1Baths
806Sq Ft
303,705Lot Size
Property Price
LIST PRICE$370,000
EST. MARKET VALUE
$386,142
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $370,000—positioned well below the $386,142 Fair Market Value by 4%. This valuation gap offers $16,142 in Instant Equity. Featuring a Condition Rating of 3, the unit boasts a Modernized Kitchen with granite countertops and travertine flooring. Located in a VA-approved community near Libby Lake Park, this property is an ideal choice for first-time buyers or military personnel seeking a move-in ready home near Camp Pendleton.
Estimated Market Value
$386,142+$16,142 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 |
|---|---|---|---|---|---|---|
★ 509 Calle Montecito 42 Subject | $370,000* List Price | 2 | 1 | 806 | $479 | - |
A 517 Calle Montecito 91 Sold | $385,000 | 2 | 1 | 806 | $478 | 0.1 mi |
B 510 Calle Montecito 51 Sold | $385,000 | 2 | 1 | 806 | $478 | 0.0 mi |
C 155 Avenida Descanso 202 Sold | $370,000 | 2 | 1 | 741 | $499 | 0.5 mi |
D 5021 Los Morros 31 Sold | $479,000 | 2 | 2 | 1,100 | $435 | 0.6 mi |
E 156 Avenida Descanso Sold | $412,000 | 2 | 1 | 819 | $503 | 0.5 mi |
F 505 Calle Montecito 28 Sold | $412,000 | 2 | 2 | 856 | $481 | - |
G 510 Calle Montecito 53 Sold | $425,000 | 2 | 2 | 856 | $496 | - |
H 525 Calle Montecito 122 Pending | $380,000 List Price | 2 | 1 | 806 | $471 | 0.0 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 1985 but features a renovated kitchen with brand-new stainless-steel appliances, granite countertops, and travertine flooring. The unit is well-maintained and move-in ready, fitting the 5-15 year renovation profile despite the overall age of the building.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior
The unit features a recently updated kitchen with brand-new stainless steel appliances, granite countertops, and premium travertine flooring, offering a move-in-ready aesthetic.
- Strategic Location
Situated in a VA-approved community at the end of a quiet cul-de-sac, the property offers immediate access to Libby Lake Park and is just 3 miles from Camp Pendleton.
- Convenient Amenities
Residents benefit from top-floor privacy, a private full-size washer and dryer, and an HOA that includes water, trash, and common area maintenance.
CONSRISKS & DEFICIENCIES
- High HOA Dues
The monthly association fee of $569 is significant relative to the listing price, which may affect the debt-to-income ratio for some buyers.
- Compact Footprint
At 806 square feet with only one bathroom, the living space is relatively small for a two-bedroom configuration, potentially limiting its appeal to larger households.
About 509 Calle Montecito 42
VA approved community! Lakeshore Villas is ideally located next to Oceanside's beautiful Libby Lake Park, offering residents easy access to lake views, walking trails, playground, picnic tables, and expansive green spaces just steps away. Tucked at the end of a quiet cul-de-sac, this desirable community features a lovely swimming pool and spa. This top floor unit showcases a modern kitchen with all brand-new stainless-steel appliances, real wood cabinetry, and granite countertops. Entry area, kitchen, and bathroom floors are a beautiful travertine. Enjoy morning coffee and the sunrise from your covered balcony. Private full-size washer and dryer located in the balcony storage closet. Personal assigned covered parking space conveniently located behind the unit and abundant guest parking available. HOA includes water, trash, and common area maintenance. Schools, shopping, dining, and public transit are all close by, and you're only 7 miles from the beach and 3 miles from the San Luis Rey gate at Camp Pendleton. Come see it today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 303,705 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $569.0 / Month
Neighborhood Insights
Oceanside Unified Schools
Libby Elementary School
Grades K-5 • 0.2 mi
4/10
Reynolds Elementary School
Grades K-5 • 0.4 mi
5/10
Cesar Chavez Middle School
Grades 6-8 • 0.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 806 | 1,071.918 |
| Lot Size | 303,705 | 62,344.357 |
| Price | $370.0K | $611.4K |
| Price per sq ft | $459 | $533 |
| Built year | 1985 | 1988 |
| HOA | $569.0 | $527 |
| Days on market | 4 | 55 |
Pricing History
Listed for Sale
Aug 23, 2026
$370,000
Initial Listing
Sold
Aug 31, 2010
$87,000
Public Record
Sold
May 11, 2005
$226,000
Public Record