Updated Aug 27, 2026
Dan & Cynthia Kronemyer Family Trust Acquires Mixed-Use Asset In Oceanside For $14.425M
1931 South Coast Highway
$14,425,000
Units
18
Asset Type
Mixed-use
Closing
Feb 9, 2026
About this deal
AI
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.
On the Map
$14,425,000
Mixed-use
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Players
Oceanside Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93