luxury two-on-one | 1501 missouri ave, oceanside , ca, 92054€¦ · luxury two-on-one income &...

Luxury Two-On-One | 1501 Missouri Ave, Oceanside , CA, 92054

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Luxury Two-On-OneCONTENTS

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary 5 Unit Mix Summary 6 Location Summary 7

02 Property Description Property Features 9 Aerial Map 10 Property Images 11

03 Financial Analysis Income & Expense Analysis 20 Cash Flow Analysis 21 APOD 1501 Missouri Ave 23

04 Demographics Demographics 25 Demographic Charts 27

Exclusively Marketed by:

Alex KohlAssociate858-735-2652Lic:[email protected]

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from South Coast Commercial Inc.and it should not be made available to any other person or entity without the written consent of South Coast Commercial Inc..

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees thatrecipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to South CoastCommercial Inc.. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. South Coast Commercial Inc. has not made any investigation, and makes no warranty orrepresentation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property andimprovements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvementsthereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, South Coast Commercial Inc. has not verified, and will not verify, any of theinformation contained herein, nor has South Coast Commercial Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsiblefor their costs and expenses of investigating the subject property.

Luxury Two-On-One Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT SOUTH COAST COMMERCIAL INC. FOR MORE DETAILS.Copyright © 2020 CREOP, LLC. All Rights Reserved.

Luxury Two-O

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Executive Summary

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Investment Summary

Unit Mix Summary

Location Summary

Luxury Two-On-One Investment Summary | 05

OFFERING SUMMARYADDRESS 1501 Missouri Ave

Oceanside CA 92054COUNTY San DiegoMARKET OceansideBUILDING SF 3,400 SFLAND SF 7,488NUMBER OF UNITS 2YEAR BUILT 1925/2000OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $1,200,000PRICE PSF $454.89PRICE PER UNIT $600,000OCCUPANCY 97.00 %

PROPOSED FINANCINGLOAN TYPE Fully AmortizedDOWN PAYMENT $300,000LOAN AMOUNT $900,000INTEREST RATE 4.25 %ANNUAL DEBT SERVICE $53,132LOAN TO VALUE 75 %AMORTIZATION PERIOD 30 Years

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 24,448 82,343 177,8872019 Median HH Income $51,084 $60,809 $67,4022019 Average HH Income $71,172 $85,655 $92,978

This 2000 construction luxurious 4 bedroom home sits on a 10,000 foot corner lot in coastal Oceanside. Spanish style home boasts an interior courtyard, high end upgrades, heated tile flooring throughout, recessed lighting, open floor plan, two car garage with seven total parking spots, large balcony, and much more. The main house was designed to be allergen free, with pressure treated lumber, no ducting, and designed to eliminate any materials for which mold could grow. A second two bedroom free-standing home built with redwood sits on the lot. Additional income or a family compound. A truly unique and beautiful home.

Do not walk on property or disturb tenants as they are unaware of a sale.

Luxury Two-On-One Unit Mix Summary | 06

Actual MarketUnit Mix # Units Square Feet Current Rent Rent PSF Monthly Income Market Rent Market Rent PSF Market Income

4 bd + 3 ba 1 2,300 $0.00 $3,400 $1.48 $3,4002 bd + 1 ba 1 1,100 $1,795 $1.63 $1,795 $1,850 $1.68 $1,850

Totals/Averages 2 1,700 $898 $0.82 $1,795 $2,625 $1.58 $5,250

Luxury Two-On-One Location Summary | 07

Oceanside is a coastal city in North County San Diego. It's known for palm-dotted Harbor Beach and nearby Oceanside Harbor, with its marina and shops. To the south, the long Oceanside Pier juts into the Pacific Ocean as the longest wooden foot-traffic pier on the west coast. In the last decade, Oceanside's downtown has transformed into a booming center of commerce. Lined with new 5 story condominium projects at the base of the Oceanside Pier, tourism has attracted a variety of Breweries, Restaurants and shops to the area.

Oceanside is bordered by Camp Pendleton Military base to the North, Vista to the East, Carlsbad to the South, and the Pacific Ocean to the West. Oceanside is the most affordable beach community in California, and is revered by developers as an emerging coastal location with untapped potential for growth. Top employers include Camp Pendleton Military, Tri-City Medical Center, and Mira Costa College. The vacancy rate in Oceanside is currently one of the lowest in the country at 2.6%.

Regional Map

Locator Map

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Property Description

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Property Features

Aerial Map

Parcel Map

Additional Maps

Property Images

Luxury Two-On-One Property Features | 09

PROPERTY FEATURESNUMBER OF UNITS 2BUILDING SF 3,400LAND SF 7,488YEAR BUILT 1925/2000# OF PARCELS 1TOPOGRAPHY FlatNUMBER OF STORIES 2NUMBER OF BUILDINGS 2

UTILITIESWATER OwnerTRASH OwnerGAS TenantELECTRIC TenantRUBS Tenant

CONSTRUCTIONFOUNDATION SlabFRAMING WoodEXTERIOR StuccoPARKING SURFACE ConcreteROOF Composite/SpanishLANDSCAPING Mature

Luxury Two-On-One Aerial Map | 10

Luxury Two-On-One Property Images | 11

Luxury Two-O

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Financial Analysis

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Income & Expense

Multiyear Cash Flow Projections

APOD 1501 Missouri Ave

Luxury Two-On-One Income & Expense Analysis | 20

INCOME

Less: Expenses $18,558

Net Operating Income ($18,558)

Principal Reduction $14,883

Total Return ($56,807)

EXPENSES CURRENT

Reserves $175 $350

Water & Sewer $540 $1,080

Landscaping $120 $240

Trash Removal $120 $240

Pest Control $48 $96

Maintenance $500 $1,000

Management (Off Site) $646 $1,292

Miscellaneous $100 $200

Insurance $250 $500

Taxes $6,780 $13,560

Total Operating Expense $9,279 $18,558

Annual Debt Service $26,566 $53,132

Expense / SF $7.03

Per Unit

REVENUE ALLOCATION

DISTRIBUTION OF EXPENSES

Luxury Two-On-One Cash Flow Analysis | 21

CASH FLOWCalendar Year Year1 Pro Forma Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Gross Potential RevenueOperating ExpensesReserves $350 $350 $361 $371 $382 $394 $406 $418 $430 $443Water & Sewer $1,080 $1,080 $1,112 $1,146 $1,180 $1,216 $1,252 $1,290 $1,328 $1,368Landscaping $240 $240 $240 $240 $240 $240 $240 $240 $240 $240Trash Removal $240 $240 $247 $255 $262 $270 $278 $287 $295 $304Pest Control $96 $96 $99 $102 $105 $108 $111 $115 $118 $122Maintenance $1,000 $1,000 $1,030 $1,061 $1,093 $1,126 $1,159 $1,194 $1,230 $1,267Management (Off Site) $1,292 $1,292 $1,331 $1,371 $1,412 $1,454 $1,498 $1,543 $1,589 $1,637Miscellaneous $200 $200 $206 $212 $219 $225 $232 $239 $246 $253Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500Taxes $13,560 $13,560 $13,560 $13,560 $13,560 $13,560 $13,560 $13,560 $13,560 $13,560Total Operating Expense $18,558 $18,558 $18,686 $18,817 $18,953 $19,092 $19,236 $19,384 $19,537 $19,694Net Operating Income ($18,558) ($18,558) ($18,686) ($18,817) ($18,953) ($19,092) ($19,236) ($19,384) ($19,537) ($19,694)Annual Debt Service $53,132 $53,132 $53,132 $53,132 $53,132 $53,132 $53,132 $53,132 $53,132 $53,132Cash Flow ($71,690) ($71,690) ($71,818) ($71,950) ($72,085) ($72,225) ($72,369) ($72,517) ($72,669) ($72,826)

Luxury Two-On-One Cash Flow Analysis | 22

Calendar Year Year1 Pro Forma Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Financial MetricsCash on Cash Return b/t -23.90 % -23.90 % -23.94 % -23.98 % -24.03 % -24.07 % -24.12 % -24.17 % -24.22 % -24.28 %CAP Rate -1.55 % -1.55 % -1.56 % -1.57 % -1.58 % -1.59 % -1.60 % -1.62 % -1.63 % -1.64 %Debt Coverage Ratio -0.35 -0.35 -0.35 -0.35 -0.36 -0.36 -0.36 -0.36 -0.37 -0.37Loan to Value 75.17 % 73.89 % 72.53 % 71.09 % 69.59 % 68.01 % 66.35 % 65.03 % 63.20 % 61.30 %Price / SF $454.89 $454.89 $454.89 $454.89 $454.89 $454.89 $454.89 $454.89 $454.89 $454.89Price / Unit $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000Expense / SF $7.03 $7.03 $7.08 $7.13 $7.18 $7.23 $7.29 $7.34 $7.40 $7.46

# Units Zip2 1501 Missouri Ave 92054

Current Market Current Market55.7 19.0 0.2% 3.5%

Gross Sq. Ft. Parcel Size(Approx.) (Approx.) (Approx.)$454.89 2638 7,488

# Units Type Rent TotalRent Range Water & Sewer $1,080 Management (Off Site) $1,292

Landscaping $240 Miscellaneous $2001 4B/3b $0 $0 Ownr-Occ Trash Removal $240 Reserves $3501 2B/1b $1,795 $1,795 Pest Control $96 Insurance $500

$0 Maintenance $1,000 Taxes $13,560$0

Total Monthly Income $1,795

Total Annual Operating Expenses (estimated): $18,558

1 4B/3b $3,400 $3,400 Expenses Per: Unit $9,2791 2B/1b $1,850 $1,850 % of Actual GSI 86%

$0$0

Total Monthly Income $5,250Estimated Annual Operating Proforma Financing Summary

Actual MarketGross Scheduled Income $21,540 $63,000 Downpayment: $300,000Less: Vacancy Factor 3% $646 $1,890 25%Gross Operating Income $20,894 $61,110 Interest Rate: 4.250%Less: Expenses 86% $18,558 $18,558 Amortized over: 30 YearsNet Operating Income $2,335 $42,552 Proposed Loan Amount: $900,000

Less: 1st TD Payments ($53,130) ($53,130) Debt Coverage Ratio:Current: 0.04

Pre-Tax Cash Flow -$50,794 -$10,578 Market: 0.80Cash On Cash Return -16.9% -3.5%Principal Reduction $15,173 $15,173Total Potential Return (End of Year One) -12% 2%

Call Alex Kohl (858) 735-2652 [email protected]

Map Code

$1,200,000

APARTMENT INVESTMENT INFORMATION

Address CityOceanside

GRM CAP Rate$/UnitPrice

$/Square Foot

$600,000

Estimated Annual Operating Expenses

Yr. Built(Approx.)

1925/2000

advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Income Detail

Estimated Market Rents

Estimated Actual Average Rents

The information contained herein has been obtained from sources believed reliable. While South Coast Commercial does not doubt its accuracy, we have not verified it and make no guarantee,

warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for

example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax, financial and legal advisors. You and your

Comments

CASHFLOW

Luxury Two-On-One APOD 1501 Missouri Ave | 23

Luxury Two-O

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Demographics

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Demographic Details

Demographic Charts

Luxury Two-On-One Demographics | 25

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 25,349 77,681 157,097

2010 Population 22,872 76,620 164,267

2019 Population 24,448 82,343 177,887

2024 Population 25,499 85,576 184,789

2019 African American 1,007 3,557 7,689

2019 American Indian 300 904 1,633

2019 Asian 843 3,996 11,347

2019 Hispanic 13,130 30,702 63,461

2019 Other Race 6,520 12,917 26,943

2019 White 14,235 55,396 117,444

2019 Multiracial 1,351 4,846 11,094

2019-2024: Population: Growth Rate 4.25 % 3.85 % 3.80 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 1,037 2,461 5,014

$15,000-$24,999 883 2,199 4,028

$25,000-$34,999 1,176 3,018 5,543

$35,000-$49,999 1,360 4,185 8,105

$50,000-$74,999 1,695 6,045 12,283

$75,000-$99,999 1,091 3,965 8,610

$100,000-$149,999 1,090 4,400 10,520

$150,000-$199,999 393 1,866 5,094

$200,000 or greater 407 2,027 5,087

Median HH Income $51,084 $60,809 $67,402

Average HH Income $71,172 $85,655 $92,978

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 9,416 29,916 59,995

2010 Total Households 8,519 28,092 59,600



2019 Average Household Size 2.64 2.53 2.64

2000 Owner Occupied Housing 2,695 11,128 28,759

2000 Renter Occupied Housing 5,944 16,422 27,366



2019 Vacant Housing 1,146 3,663 5,438

2019 Total Housing 10,277 33,830 69,721



2024 Vacant Housing 1,153 3,709 5,454

2024 Total Housing 10,678 35,088 72,181

2019-2024: Households: Growth Rate 4.25 % 3.95 % 3.75 %

Source: esri

Luxury Two-On-One Demographics | 26

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 2,217 6,687 14,261

2019 Population Age 35-39 1,818 5,585 12,571

2019 Population Age 40-44 1,536 4,416 10,232

2019 Population Age 45-49 1,403 4,127 9,653

2019 Population Age 50-54 1,352 4,078 9,404

2019 Population Age 55-59 1,359 4,311 10,085

2019 Population Age 60-64 1,249 4,140 9,404

2019 Population Age 65-69 975 3,474 7,964

2019 Population Age 70-74 651 2,632 6,188

2019 Population Age 75-79 419 1,862 4,286

2019 Population Age 80-84 293 1,321 3,054

2019 Population Age 85+ 298 1,766 4,041

2019 Population Age 18+ 18,638 64,739 138,878

2019 Median Age 33 32 34

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $52,485 $59,356 $63,511

Average Household Income 25-34 $72,262 $79,981 $85,333









Average Household Income 75+ $41,701 $61,659 $60,215

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 2,290 6,790 14,847

2024 Population Age 35-39 2,002 6,013 13,717

2024 Population Age 40-44 1,751 5,165 12,057

2024 Population Age 45-49 1,468 4,230 9,869

2024 Population Age 50-54 1,350 4,053 9,444

2024 Population Age 55-59 1,245 3,917 9,095

2024 Population Age 60-64 1,273 4,102 9,556

2024 Population Age 65-69 1,145 3,862 8,797

2024 Population Age 70-74 829 3,180 7,347

2024 Population Age 75-79 544 2,438 5,693

2024 Population Age 80-84 314 1,566 3,604

2024 Population Age 85+ 291 1,845 4,225

2024 Population Age 18+ 19,536 67,380 144,716

2024 Median Age 34 33 35

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE











Average Household Income 75+ $51,200 $75,656 $73,752

Luxury Two-On-One Demographic Charts | 27

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Population by Race

Luxury Two-On-One Demographic Charts | 28

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

Luxury Two-On-One

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Exclusively Marketed by:

Alex KohlAssociate858-735-2652Lic:[email protected]

luxury two-on-one | 1501 missouri ave, oceanside , ca, 92054€¦ · luxury two-on-one income &...

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