Las Brisas Apartments

101 Avenida Las Brisas | Oceanside | CA | 92054


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Confidentiality Agreement

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Property Highlights

  • • Desirable Unit Mix: One 3BD/2BA townhome-style residence (~1,400 SF) plus three 2BD/2BA apartments (~900 SF each). • Strong Parking Ratio: Four covered carport stalls plus two designated uncovered stalls for the apartment units (6 total), and a dedicated two-car attached garage for the townhome. • Dedicated Laundry: Townhome includes in-unit washer/dryer; the three apartment units share an on-site laundry room with owned (not leased) machines; laundry room refreshed Q4 2025. • Private Outdoor Space: Apt C and D feature balconies; the townhome has a large patio; Apt B offers a balcony plus a large backyard. • Recent Exterior Improvements: New exterior paint, all new lighting, updated trim, and newly painted fencing enhance curb appeal and reduce near-term maintenance.

Property Details

  • Price: $ 1,850,000
  • Price Per Unit: $ 462,500.00
  • Units: 4
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 4,095 SF
  • Lot Size: 0.33 AC
  • Cap Rate: 5.21%
  • Availability: Sold

Property Description

Las Brisas Apartments is a pride-of-ownership four-unit multifamily property built in 1979, situated on a generous 15,430 square foot lot with an approximately 4,097 square foot building. The community offers an attractive and highly functional unit mix comprised of one townhome-style 3-bedroom/2-bath residence (approximately 1,400 square feet) and three spacious 2-bedroom/2-bath apartments (each approximately 900 square feet). The townhome lives like a single-family home, featuring an attached two-car garage with direct access, its own in-unit washer and dryer, and a large private patio. The three apartment units benefit from a shared on-site laundry room with owned (not leased) washer and dryer equipment; the laundry room was repainted and refreshed in 2025. Outdoor space is a standout feature throughout the property: Apartments C and D offer balconies, while Apartment B features a balcony plus a large backyard, enhancing resident appeal and supporting long-term tenancy.

The property provides strong on-site parking and a convenient resident experience, with four covered carport stalls plus two additional designated uncovered stalls serving the apartment units (six total), as well as the townhome’s dedicated two-car garage. Las Brisas Apartments has also received meaningful recent capital improvements that enhance curb appeal and reduce near-term maintenance needs, including new exterior paint, updated lighting, refreshed trim, and newly painted fencing, creating a clean and cohesive presentation throughout the community. Inside, the owner has invested in substantial renovations across multiple units, delivering modern finishes and improved layouts that position the asset as a turnkey, low-deferred-maintenance offering. The townhome was upgraded in 2023 with new tile, updated cabinets, a new shower, and new flooring. Apartment C completed a significant rehab in 2025 (estimated $30,000) featuring new cupboards, countertops, flooring (excluding bedrooms), base molding, dishwasher, paint, toilets, and blinds. Apartment D was renovated in 2025 to create an open floor plan and includes new cabinetry with an island, a new refrigerator, new flooring and doors throughout, a new heater and toilet, and new fans in all bedrooms. Apartment B is currently being renovated with new paint, new tile flooring, new toilets, and new granite countertops. The combination of a desirable unit mix, ample parking, owned laundry, private outdoor areas, and extensive recent interior and exterior improvements makes Las Brisas Apartments an exceptionally well-maintained offering with durable renter demand and long-term investment appeal.

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Financial Summary

Investment Highlights

Price $1,850,000.00
Price / Unit $462,500.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $1,850,000.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00