524 S Nevada St, Oceanside, CA 92054

2 beds2 baths1,473 sqft Edit

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Zestimate®: $748,319
Rent Zestimate®: $2,686/mo
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My Notes

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A 1928 ocean view, classic Spanish Craftsman home plus fully detached converted carriage house. Both units have been fully restored and updated with modern conveniences and high quality and unique surfaces, while leaving all historical architectural elements intact.
The main house features a living room with beautiful wood floors and wood burning fireplace, 2 oversized master bedrooms each with quaint walk in closets, gourmet kitchen with private dining room, spacious bath including oversized shower and jacuzzi tub, and large, elevated west-facing front porch with nice peak ocean and sunset views to enjoy the coastal breezes year round.
In addition to the main house, a detached 499 sq ft carriage house includes office space, studio, and full bath - all of which have been fully permitted by the city of Oceanside. The 'Casita' offers reclaimed teak windows and doug fir raftered ceilings, stained glass, carriage doors that open to ocean views, along with french doors to the upper level which offers a modern and spacious full bathroom.
This exceedingly desirable tourist neighborhood, and its undeniable expectations for strong equity growth within the next 5 years, offers a prime opportunity for either an investor - or for a buyer who is merely looking to raise a family in a classically preserved home within this well loved coastal neighborhood simply known as 'Seaside'.
A 9 year vacation rental business known as 'Casa by the Sea' may be purchased outside of escrow to include contracts, licenses and permits, vacation rental websites, and all furnishings, appliances, accessories, linens, and dishes - in order to continue seamless operations of the established business of Casa by the Sea.
See: http://www.vacationrentals.com/listing/p7016124
This property features an R2 elevated oceanview lot, may be eligible for Mills Act tax benefits, and is located west of the 5.
Neighborhood Description
A 1928 historical beach bungalow - just 5 short blocks from San Diego's most beautiful beaches, the train station, downtown, unique restaurants, the Harbor, and exciting Sunset Market every Thursday night! This property has a serene yet elevated premium lot, which is buffered from beach and Hwy 5, yet sits in the heart of downtown new redevelopments that are just getting underway. A new 4 star hotel has just been unanimously approved and will include meeting spaces, 2 hotel and shopping structures, and will begin construction in 2015. 6 new popular pubs and eateries have opened up during the last 3 months - all within a few blocks of the property. Please see these links for more info on approved and pending projects:
Pending Downtown Development chart:
http://www.ci.oceanside.ca.us/civica/filebank/blobdload.asp?BlobID=31478
Mission Avenue proposed improvements: Completed in September of 2014
http://www.ci.oceanside.ca.us/civica/filebank/blobdload.asp?BlobID=27826
 

What I love about the home

True craftsman quality materials and workmanship, went into the design of this home using original moldings, floors, doors, windows, and hardware, then merging them with up to date and modern conveniences like new cabinetry,bath fixtures, granite, period tile, and appliances. Ancient pine and eucalyptus trees canopy the property and offer shade, sunlight and invigorating western ocean breezes. An oversized and mature garden enclosed with hand made iron fencing and featuring a bubbling fountain, offers both privacy and alley access. The purchase of a healthy 9 year vacation rental business with excellent cash flow will be considered as part of the sale.
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Facts

  • Lot: 5,000 sqft
  • Single Family
  • Built in 1928
  • Views: 4,834 all time views
  • Heating: Wall
  • Last sold: Feb 2006 for $546,000

Features

  • Attic
  • Barbecue
  • Cable Ready
  • Ceiling Fan
  • Deck
  • Fenced Yard
  • Fireplace
  • Flooring: Hardwood, Tile, Other
  • Garden
  • Hot Tub/Spa
  • Jetted Tub
  • Lawn
  • Mother-in-Law
  • Parking: Off street, 1 space
  • Patio
  • Porch
  • RV Parking
  • Skylight
  • Sprinkler System
  • Transportation
  • Vaulted Ceiling
  • View: Water
  • Wired

Appliances Included

  • Dishwasher
  • Dryer
  • Garbage disposal
  • Microwave
  • Range / Oven
  • Refrigerator
  • Washer

Room Types

  • Dining room
  • Family room
  • Laundry room
  • Master bath
  • Office
  • Walk-in closet
  • Workshop

Construction

  • Exterior material: Stucco
  • Roof type: Composition
  • Room count: 9
  • Stories: 1
  • Structure type: Spanish
  • Unit count: 1

Other

  • Floor size: 1,473 sqft
  • Heating: Gas
  • Last remodel year: 2012
  • Laundry: In Unit
  • Parcel #: 1502121100
  • Zillow Home ID: 16582571

Zestimate Details

Zestimate
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$748,319
+$30,229 Last 30 days
$696K
$823K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,686/mo
-$74 Last 30 days
$1.5K
$3.2K
Zestimate range

Popularity on Zillow

If this home is listed on Zillow, it will reach the largest real estate network on the web.*
4,834 all-time views
of this home (chart)
176 forecasted views of this home
in the first 7 days after listing for sale
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Comparable Homes

Homes like this sold for $635-736K.

$550K
$820K

Mortgages

Neighborhood

Market guide

Zillow predicts Oceanside home values will rise 5.4% next year, compared to a 4% increase for San Diego Metro as a whole. Among Oceanside homes, this home is valued 84.2% more than the midpoint (median) home, and is valued 106.5% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Oceanside, the number of foreclosures waiting to be sold is 18% higher than in San Diego Metro, and 31.4% less than the national average. This higher local number may prevent Oceanside home values from rising as quickly as other regions in San Diego Metro.

Learn more about forecast calculations or Oceanside home values.
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    Nearby Schools in Oceanside

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org