429 Garfield ST, Oceanside, CA 92054
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429 Garfield ST, Oceanside, CA 92054
429 Garfield ST, Oceanside, CA 92054
429 Garfield ST, Oceanside, CA 92054
429 Garfield ST, Oceanside, CA 92054
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Summer Torres

Summer Torres

+1(760) 855-0918
$ 1,159,000
Est. payment /mo
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429 Garfield ST Oceanside, CA 92054

5,945 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2609687

HOA Y/N No

Year Built 1958

Lot Size 5,945 Sqft

Property Description

Exceptional investment and development opportunity west of I-5 in coastal Oceanside! Ideal for investors, developers, or short-term rental (STR) hosts. California's SB 9, together with state and local ADU laws, offers the potential for up to four residential units on this property. The existing home is an updated 3-bedroom, 2.5-bath residence on an approximately 6,000 sq. ft. lot with alley access. Two bedrooms currently generate $3,000/month in rental income, primary suite could yield est $1,800/month more, and completion of approved garage ADU conversion could add another est $1,800/month, for a potential $6,600/month without constructing new building. With construction of new building, total rental revenue is estimated at $216,000 / year. Plans for the additional units, including the approved garage ADU conversion, are completed. Recent improvements to existing house include new roof, HVAC (A/C and heat), en-suite primary bath, Milgard windows, and more. Seller has paid approx $15k to City for increased water capacity and has obtained SDG&E approval for a 400-amp electrical upgrade. Detailed plans and receipts are available.

Location

State CA

County San Diego

Area 92054 - Oceanside

Zoning RS

Interior

Fireplace No

Laundry Laundry Closet

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Biking, Sidewalks, Urban

View Y/N No

Total Parking Spaces 1

Private Pool No

Building

Lot Description Back Yard, Front Yard

Story 1

Sewer Public Sewer

Architectural Style Patio Home

Others

Senior Community No

Tax ID 1502420800

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2609687

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Robyn Goodkind Goodkind Properties RGoodkind@gmail.com, DRE #01702897

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Summer Torres

Summer Torres

Agent License ID: 02268817

+1(760) 855-0918

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