Description

CBRE is pleased to present the opportunity to purchase 421 N Weitzel Street, a value-add 12-unit apartment building located west of Interstate 5 within the conspicuously up-and-coming and rapidly transforming beach community of Oceanside, CA. The property’s Very Walkable location (87 Walk Score) places it within walking distance of a multitude of restaurant options along California’s historic Highway 101 as well as multiple irreplaceable amenities including the iconic Oceanside Pier, The Strand Beach, one of San Diego County’s only Michelin Star rated restaurants and multiple 4-star beach resorts. The property’s location also places it within 2 minutes of the Interstate 5 onramp, providing it with convenient commuter access to several of San Diego County’s major employment centers such as Camp Pendleton (7 minutes), the Palomar Airport Corridor (16 minutes), North City / California State San Marcos (28 minutes) and UTC (29 minutes). With its vibrant coastal setting, relative affordability compared to competing coastal markets, award-winning school district and easy commute times to major employment centers, Oceanside has become one of San Diego County’s leading life-style destinations for young families, young professionals and military personnel alike. 421 N Weitzel Street presents an ideal opportunity for any investor seeking to combine immediate value creation through property renovations while also benefiting from the significant long-term upside offered by the property’s rare and under-utilized coastal location.

Features

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