ARG sells Oceanside coastal development site for $4.5 million

Apartment Realty Group sold a 9,829-square-foot development site near the Oceanside Pier in Coastal Oceanside for $4.5 million. The shovel-ready, permitted property was marketed for townhome and residential development in one of San Diego County’s strongest rental-demand areas.

Why it matters: - The sale adds to development activity in Coastal Oceanside, one of San Diego County’s strongest markets for walkability and rental demand. - The project site is already entitled, which can shorten the timeline from acquisition to construction for the buyer. - The parcel’s location near the beach, the Oceanside Pier and major hotels underscores continued investor interest in coastal infill housing.

What happened: - Apartment Realty Group represented the seller in the sale of a 9,829-square-foot development site at 217 S Myers St., Oceanside, CA 92054. - The property sold to a local developer for $4,500,000. - Angelo La Bruna, senior vice president at Apartment Realty Group, handled the transaction. - The site sits in the Coastal Oceanside submarket near the Oceanside Pier.

The details: - The parcel was delivered shovel-ready and permitted for eight 3-bedroom, 3-bath, 3-story townhomes with rooftop decks and garage parking. - The entitlement also includes one 1-bedroom, 1-bath unit. - The approved project totals 15,925 square feet of building area. - The property carries an 82 WalkScore and offers access to the beach, local boutiques and restaurants. - La Bruna said the site is two blocks from the Seabird Ocean Resort and Mission Pacific Hotel and called it an opportunity to build in San Diego’s fastest-growing coastal market.

Between the lines: - Entitled coastal land remains scarce, so shovel-ready sites can command premium pricing. - The mix of townhomes and a smaller unit points to demand for higher-density residential product in walkable beachside locations. - The $4.5 million closing price signals continued appetite for infill residential development even as construction costs remain elevated.

What's next: - The buyer can move toward development without first navigating the full entitlement process. - Construction timing and final product details will depend on the new owner’s plans. - The finished project will add new housing near a transit- and amenity-rich coastal corridor.

The bottom line: - A rare permitted coastal site near the Oceanside Pier has changed hands, giving a local developer a ready path to build new housing in a high-demand beach market.