445 Garrison Street, Oceanside

$14,715,000

Click the arrows next to the image to browse our photo gallery for this property.

3 Beds
3 Baths
2.19 Acres
0 Garage

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 propertyā€™s storage spaces into studio accessory dwelling units.

Essential Information

MLS® #
OC24011401
Price
$14,715,000
Bedrooms
3
Bathrooms
3.00
Acres
2.19
Year Built
1978
Type
Residential Income
Sub-Type
Apartment
Status
Active

Community Information

Address
445 Garrison Street
Area
92054 - Oceanside
Subdivision
Oceanside
City
Oceanside
County
San Diego
Zip Code
92054
Community Features
Curbs, Sidewalks
Senior Community
N

Amenities

Parking Spaces
83
Pool
None

Interior

# of Stories
2
Stories
Two

Exterior

Lot Description
Street Level

Additional Information

Date Listed
January 18th, 2024
Days on Market
100
Zoning
C

Listing Details

Agent
Tyler Leeson
Office
Marcus & Millichap RE Invest
Property History
Price Reduced from $15,250,000 to $14,715,000

LISTING MAP

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 12:11pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.