
Oceanside, California 92058
This Condominium represents a High-Potential Investment Opportunity, listed at $495,000—positioned well below the $576,896 Fair Market Value by 14%. This valuation gap offers $81,896 in Instant Equity. Featuring a Condition Rating of 2 with a Granite Kitchen and 2024 bathroom renovations, the home is move-in ready. With a Park/Greenbelt View and proximity to Oceanside Unified schools, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 Fredricks Avenue 168 Subject | $495,000* List Price | 3 | 2 | 1,129 | $511 | - |
A 471 Los Arbolitos Sold | $508,000 | 2 | 1 | 1,017 | $500 | 0.2 mi |
B 335 Fireside Street Sold | $480,000 | 2 | 1 | 1,017 | $472 | 0.3 mi |
C 637 Persimmon Way Sold | $569,500 | 2 | 2 | 1,154 | $494 | 0.2 mi |
D 455 Los Arbolitos Sold | $515,000 | 2 | 1 | 1,017 | $506 | 0.3 mi |
E 301 Island Way 6 Sold | $565,000 | 2 | 2 | 1,005 | $562 | 0.6 mi |
F 615 Fredricks Ave 156 Active | $508,000 List Price | 3 | 2 | 1,215 | $418 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1978, the property underwent significant renovations within the last 5 years, including full bathroom remodels in 2024, new dual-pane windows/doors in 2024, and a 2026 balcony replacement. The kitchen is updated with granite and stainless appliances, making it move-in ready with no immediate maintenance required.
The property features significant 2024-2026 upgrades, including fully renovated bathrooms, new dual-pane windows, and a completely replaced private balcony, offering immediate value and reduced maintenance for the buyer.
Being VA-approved and with the seller committed to paying the upcoming special assessment, this home presents a low-barrier entry for military buyers and a significant upfront financial saving.
The updated kitchen with granite countertops and stainless steel appliances has been opened to the living area, creating a bright, contemporary flow that is highly desirable for both families and renters.
The monthly association fee of $670 is relatively high for this price point, which may impact the debt-to-income ratio for first-time buyers and reduce net cash flow for investors.
The mention of new board leadership and recent special assessments suggests the community is currently navigating a period of financial restructuring, which may concern risk-averse buyers.
Investor and first-time homebuyer opportunity! This VA-approved 3-bedroom, 2-bathroom condo is located in the desirable Forest Glen community of Oceanside and offers outstanding value, thoughtful updates, and exciting future potential. Filled with natural light, this beautifully maintained home features a thoughtfully updated kitchen with granite countertops, stainless steel appliances, and modified cabinetry that opens the space to the living room, creating a brighter, more connected feel while maintaining a functional layout. Spacious bedrooms and a private outdoor balcony provide comfort and flexibility for a variety of lifestyles. Both bathrooms were beautifully renovated in 2024 with new tile shower surrounds, a new tub, updated faucets and hardware, new flooring, and modern light fixtures. Additional upgrades include new dual-pane windows and a sliding glass door (2024), a newer dishwasher (approximately 4–5 years old), and a completely replaced private balcony (June 2026), which provides added value and peace of mind. The homeowners also added a European washer and dryer in the cabinet near the kitchen. This home presents a unique opportunity for buyers seeking both immediate value and long-term upside. The seller will pay the upcoming special assessment, providing a significant financial benefit to the next owner. The Forest Glen community is also entering an exciting new chapter with new HOA board leadership and professional property management focused on strengthening the community's financial health and long-term planning. Conveniently located near shopping, dining, parks, schools, and with easy access to major freeways, this home is ideal for first-time buyers, military buyers using VA financing, or investors looking to own in the growing Oceanside market. Priced to reflect today's value while offering exceptional future potential, this is an opportunity you won't want to miss.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 9-12 • 2.1 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,129 | 1,011.5 |
| Lot Size | - | 63,597.6 |
| Price | $495.0K | $617.0K |
| Price per sq ft | $438 | $520 |
| Built year | 1978 | 1987 |
| HOA | $670.0 | $514 |
| Days on market | 14 | 56 |
Jul 8, 2026
$495,000
Initial Listing
Sep 30, 2019
$300,000
Public Record
Sep 18, 2006
$300,000
Public Record