510 N Coast Hwy, Oceanside, CA 92054

Surfrider Shores is located in the City of Oceanside in the redevelopment area of downtown. The property is located West of the Interstate 5 Freeway, on the northeast corner of North Coast Highway and Sportsfisher Drive. The exact address is 510 North Coast Highway and 502-508 Sportsfisher Drive, approximately 4 blocks east from the Oceanside beach. The (2) buildings that make up the property are 2-story walk-ups. Built in 1991, the property consists of (16) residential units and (4) retail suites. The unit mix consists of (14) one bedroom/one bathroom units, (2) two bedroom/one bathroom units and (4) street level retail suites that face North Coast Highway. The residential units range in size from 591 to approximately 812 square feet of living area. The property features a gated entry that provides secure entry to the apartment units and the parking areas. The parking area provides (11) partially covered open spaces, (2) enclosed parking spaces, and (16) tuck under parking spaces with storage lockers for residents located above the parking spaces. In addition to the secured parking, there is ample open space parking fronting the retail suites. One laundry room consisting of (2) washers and (2) dryers leased by Coinmach service the property. Each apartment features a range/oven, refrigerator, dishwasher, ceiling fans, vinyl flooring, wall-to-wall carpeting and a wall heater. Both buildings offer patio areas. The (6) apartment units located on top of the retail suites in the front building offer tenants peak ocean views. The exterior of the property consists of stucco and wood siding with the following capital improvements: new outside floor decking, fresh exterior paint, landscape improvements, exterior lighting, new signage, resurfacing and re-striping of retail parking lot. The exterior of both buildings provide a pitched roof system, gutters and downspouts, sprinkler systems for both buildings and separately metered units. Each building is serviced by (1) water heater.