445 Garrison Street, OCEANSIDE, CA

$15,250,000

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3

Beds

2.19

Acres

About 445 Garrison Street

Garrison Townhome Apartments is a 46-unit multifamily investment opportunity located in Oceanside, CA. Situated on a spacious 2.19-acre lot, the property offers an attractive mix of one and two-bedroom floor plans across 10 buildings. Units at Garrison Townhome Apartments offer highly desirable features including vinyl and carpet flooring, quartz countertops, stainless steel appliances, shaker-style cabinetry, and more. Each unit at the property features a direct line for laundry machines, an in-demand feature that could help new ownership achieve significant rental premiums. Additionally, each of the 30, two-bedroom units feature two-story townhome construction with a private patio. Garrison Townhome Apartments offers community amenities including tuck-under and surface parking with large storage lockers, a fitness center, and an on-site laundry facility. Since 2018, current ownership has invested more than $1.7 million on comprehensive improvements to both building exteriors and unit interiors. Furthermore, there is the opportunity to further increase cash flow through the conversion of the current leasing office and a portion of the propertys storage spaces into studio accessory dwelling units.

Features of 445 Garrison Street

MLS® # OC24011401
Price $15,250,000
Bedrooms 3
Bathrooms 0.00
Acres 2.19
Type Residential Income
Status ACTIVE

Community Information

Address 445 Garrison Street
Area OCEANSIDE (92054)
City OCEANSIDE
County San Diego
State CA
Zip Code 92054

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Fireplace No
# of Stories 2

Exterior

Lot Description Curbs, Sidewalks

Fees

Total Fees $48

Additional Information

Date Listed January 18th, 2024
Days on Market 4
Zoning Assessor
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Office Marcus & Millichap RE Invest

Listing Map

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