1303 5 Bush St

About this home

Landmark Multifamily is proud to present the opportunity to acquire 1303-1305 Bush Street (APN:148-064-12-00) & adjoining vacant residential parcel (APN:148-064-25-00), a rare two-parcel assemblage totaling 18,399 SF in the heart of Oceanside. According to the City of Oceanside, the 11,680 SF improved parcel is allowable for up to seven (7) residential units, while the adjoining 6,719 SF vacant parcel is allowable for up to four (4) residential units, creating an exceptional multifamily value-add and development opportunity. Offered for the first time in over 27 years, the property consists of two contiguous R-3/CZ parcels, including a duplex with renovation potential and an adjacent vacant residential lot. The existing duplex, built in 1958, features two 2BR/1BA units of approximately 816 SF each with month-to-month tenants, providing investors the flexibility to renovate, reposition rents, or pursue future redevelopment. The improved parcel may also accommodate up to two detached ADUs and one conversion ADU, subject to applicable zoning, development standards, and City approvals. The City recently completed installation of a new sewer line, further enhancing the property's long-term appeal. Ideally located just minutes from Downtown Oceanside, the Pier, beaches, shopping, dining, and major transportation corridors, this is a rare opportunity to acquire a prime coastal infill investment with significant upside. BUYER TO INDEPENDENTLY VERIFY all zoning, density, development standards, and permitted uses with the City of Oceanside.