32
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$1,159,000
Est. payment /mo
5,945 Sqft Lot
New
429 Garfield ST Oceanside, CA 92054
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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
Listed by Robyn Goodkind Goodkind Properties RGoodkind@gmail.com, DRE #01702897
NEARBY SCHOOL & BUSINESS
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