Property Detail

216 Pajama Dr

Oceanside CA 92054

$699,000

Status: Active

Property Details

Description

Four unit SB9 & ADU Development Opportunity – Oceanside 92054 This 10,361 sq. ft. vacant lot in a prime Oceanside location is approved for a 4-unit SB9 development with up to 3,626 sq. ft. of dwelling space. Plans include four detached 3-bed, 2.5-bath homes with private yards and 2-car garages. Projected gross rent is $25,000/month, with an estimated $1.5M build cost and a post-construction value of $3.5M–$4.2M (5% cap rate, $210K NOI). Utilities are confirmed, SDGE upgrades are funded, and water access is verified. Geotechnical and environmental reports are cleared, making this a turnkey investment opportunity. Don’t miss out—contact us today!

Map Location

Listing provided courtesy of Alexa Devaney of The Oppenheim Group. Last updated 2025-04-10 09:18:49.000000. Listing information © 2024 PACIFICSOTHEBYSFULLSANDICORCOMBINED.

Megan Root

Megan Root

CA DRE# 01351843
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