Ocean Breeze Apartments — Sale in Oceanside, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oceanside, CA 92054

Investment Figures

Cap rate
4.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Ocean Breeze Apartments is a 12+1 unit apartment complex in the downtown area of Oceanside, approximately 6 blocks from the ocean. The project has been completely renovated both exterior and interior wise. Currently there are 12 1B/1B very large units and one 2B/1B unit. Prior to the renovation by current ownership there were 5 2-bedroom units and it since the second bedroom compromised the floor plan the wall was removed and 4 of the 5 units became large 1B/1B units. These units can legally be converted back to 2-bedroom units if a new owner should want to do so. The interior renovations were made using the finest finishes available in the market at that time. A new roof was installed in 2025, and this did increase the maintenance costs for the year. Obviously, this was a one-time expense. It should be noted that the 1B/1B units are very large compared to the majority of similar units built today. 12 of the 13 units have individual garages. One on the 13 units is a non-conforming unit. The city of Oceanside has an estimated 171,000 people with a median income of $93,000 per year. It should be noted that there are two Oceanside’s. One being east of the 5 freeway and one west of the 5 freeway. Ocean Breeze is west of the 5 freeway and rents in this true beach community are higher Than those for similar units west of the freeway. The building is full secure and provides a degree of safety for current residents. In the last 10 years Oceanside has undergone a significant amount of gentrification with many new homes, stores and two international hotels on the coastal side of the city. The recent renovation of Ocean Breeze Apartments by current ownership must be seen to appreciate the high level of work done. Such that the exterior and interiors are much nicer than those found in most new projects. The location near the ocean is unreplaceable and will provide new ownership with continued increased cash flow in the years to come. Due to the location and rental rates in thi

Market Context

This multifamily in Oceanside, CA is listed for sale. It is offered at an approximate 4.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Oceanside, CA — view the full market.

As of Q1 2026, the San Diego multifamily market showed average asking rents near $1183.00/unit/mo, and cap rates around 8.0%. Source: multiple brokerage reports, Q1 2026.

Its 4.2% asking cap rate is below the San Diego multifamily market average of about 8.0%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Diego?
About 8.0% as of Q1 2026, per multiple brokerage reports.

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