615 Fredricks Ave 156, Oceanside, California 92058, Oceanside, 92058 - 3 bed, 2 bath
ACTIVE$520,000
615 Fredricks Ave 156, Oceanside, California 92058
3Beds
2Baths
1,200Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Rental Income: The property comes with a long-term tenant in place with a lease through June 2026, providing immediate and stable rental income for investors.
Top Cons:
Limited Owner-Occupancy: The existing long-term lease through June 2026 means the property is not available for immediate owner-occupancy, which may deter buyers seeking a primary residence.
Compared to the nearby listings
Price:$520.0K vs avg $540.0K ($-20,000)41%
Size:1,200 sqft vs avg 1,017 sqft89%
Price/sqft:$433 vs avg $4937%
More Insights
Built in 1978 (47 years old).
Condition: Built in 1978, the property's interior has been significantly updated, featuring a 'modern kitchen with updated appliances' (stainless steel appliances, wood cabinetry, and dark countertops are visible in images) and 'upgraded flooring' (new-looking carpet). These updates suggest a renovation within the last 5-15 years, making the unit move-in ready with no immediate renovation required. While no bathroom images are provided, the overall description and visible updates align with a 'Good' condition rating for the unit itself, despite the building's age.
Year Built
1978
Close
-
List price
$520K
Original List price
$520K
Price/Sqft
$433
HOA
$555
Days on market
-
Sold On
-
MLS number
250042215SD
Home ConditionGood
Features
Good View:
Deck
View-
About this home
Excellent opportunity to own a 3BR/2BA unit in desirable Oceanside. Long-term tenant in place with lease through June 2026, immediate rental income! Features upgraded flooring, modern kitchen with updated appliances, and one bedroom conveniently located off the main living room. The unit located on the second floor with a spacious patio overlooking the city and mountains; Easy access to Camp Pendleton, shopping centers, CA-76/I-5 freeways, and just minutes to the beach and harbor. Great investment in a sought-after coastal community! VA approved/Conventional approved.
Nearby schools
4/10
Louise Foussat Elementary School
Public,•K-5•0.6mi
/10
Ocean Shores High (Continuation) School
Public,•9-12•2.1mi
5/10
Oceanside High School
Public,•9-12•3.3mi
Condition Rating
Good
Built in 1978, the property's interior has been significantly updated, featuring a 'modern kitchen with updated appliances' (stainless steel appliances, wood cabinetry, and dark countertops are visible in images) and 'upgraded flooring' (new-looking carpet). These updates suggest a renovation within the last 5-15 years, making the unit move-in ready with no immediate renovation required. While no bathroom images are provided, the overall description and visible updates align with a 'Good' condition rating for the unit itself, despite the building's age.
Pros & Cons
Pros
Immediate Rental Income: The property comes with a long-term tenant in place with a lease through June 2026, providing immediate and stable rental income for investors.
Desirable Coastal Location: Located in a sought-after coastal community in Oceanside, offering proximity to the beach, harbor, shopping centers, and major freeways (CA-76/I-5).
Modern Interior Upgrades: The unit features upgraded flooring, a modern kitchen with updated appliances, enhancing its appeal and move-in readiness.
Scenic Views & Outdoor Space: Situated on the second floor, the unit boasts a spacious patio with appealing city and mountain views.
Flexible Financing Options: The property is VA approved and Conventional approved, broadening the potential buyer pool and making financing more accessible.
Cons
Limited Owner-Occupancy: The existing long-term lease through June 2026 means the property is not available for immediate owner-occupancy, which may deter buyers seeking a primary residence.
High Monthly Association Fees: The $555 monthly association fee is substantial and adds a significant recurring cost, impacting overall affordability and investment cash flow.
Age of Building Infrastructure: Built in 1978, the condominium building is over 45 years old, which could imply potential for future common area maintenance, special assessments, or older infrastructure despite unit-specific upgrades.