Real Estate investors and savvy home buyers are always looking for distressed deals that will make money in the long term. One perfect example of such an opportunity is at the St. Cloud gated community in Oceanside, California. Like a lot of stories that are told of new developments that were being built at the height of the market when homes and condos were selling for record numbers before the real estate bubble hit and things started to change on a downward cycle. This is what happened at the St. Cloud Oceanside development in Southern California as this luxury gated complex was built at the wrong time and condo sales suffered because of downturn of the real estate market. Since then condos in this central Oceanside location are now being offered for sale again as a three bedroom townhouse with an attached 2 car garage is currently listed at $349,000. This is a very competive price for the Oceanside area as three bedroom townhouses start at $315,000.
Oceanside, California is a located almost halfway between Los Angeles and the downtown San Diego area and is known for it’s rich history as being a vacation resort town for those visiting from the Los Angeles area. Real Estate prices are much more affordable than neighboring cities like La Jolla and Del Mar which houses can easily be double the price of Oceanside. Condo prices in Oceanside currently start at just over $100,000 with detached single family homes starting at $250,000. The St. Cloud complex has a lot to offer with a large community clubhouse, swimming pool, fitness room and the gated entrance. For additional information on investing in the Oceanside, California housing market please call or email us today.