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Dan & Cynthia Kronemyer Family Trust Acquires Mixed-Use Asset In Oceanside For $14.425M

Property Image
SOLD
$14,425,000
Conor Brennan
Rachel Parsons
+ 1

California

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Mixed-use
Sold 02/09/2026
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Property Image
SOLD

Dan & Cynthia Kronemyer Family Trust Acquires Mixed-Use Asset In Oceanside For $14.425M

1931 South Coast Highway

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Mixed-use
Sold 02/09/2026
Conor Brennan
Rachel Parsons
+ 1
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Summary

CALIFORNIA
Asset Type:Mixed-use
Transaction Type:Sale

The Flats is a mixed-use property located at 1931 South Coast Highway in Oceanside, featuring 18 units and a total of 2,785 square feet of ground-floor retail space. The transaction was completed for a sale price of $14,425,000, resulting in a price per unit of $801,389.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $14,425,000
  • Units: 18
  • Price Per Unit: $801,389
  • Address: 1931 South Coast Highway
  • Market: Oceanside

The buyer of the property is the Dan and Cynthia Kronemyer Family Trust. The seller, FABRIC, was represented by brokers Rachel Parsons, Philip Buckley, and Anna Kampling, while Conor Brennan represented the buyer in this transaction.

Players

Rachel Parsons
15 deals$1.2B volume(858) 945-0992
BROKER

Conor Brennan
CBRE
9 deals$84.6M volume(720) 841-8139
BROKER

Philip Buckley
CBRE
1 deal$14.4M volume(858) 646-4706
BROKER

Anna Kampling
Colliers
3 deals$126.6M volume(310) 770-4864
BROKER

Details

SOLD
IMAGE: Rachel Parsons, Philip Buckley, Anna Kampling & Conor Brennan DATE: 02/09/2026 ADDRESS: 1931 South Coast Highway MARKET: Oceanside ASSET TYPE: Mixed-use BUYER: Dan & Cynthia Kronemyer Family Trust SELLER: FABRIC BROKERS: Rachel Parsons, Philip Buckley, Anna Kampling (@Thecolombianna) & Conor Brennan - CBRE (@CBRE) SALE PRICE: $14,425,000 UNITS: 18 ~ PPU: $801,389 NOTE: CBRE facilitated the $14.425M sale of The Flats, an 18-unit multifamily community with 2,785 SF of ground-floor retail at 1931 South Coast Highway in Oceanside, acquired by the Dan and Cynthia Kronemyer Family Trust.Rachel Parsons, Philip Buckley, and Anna Kampling represented the seller, FABRIC, while Conor Brennan represented the buyer; the 2024-built property offers modern interiors, ocean-view units, and proximity to Carlsbad Village with strong income potential.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$769,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$51,248.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,381.86
Annual Debt Service$820,582.31