429 Garfield St, Oceanside, CA 92054

Property Description

Unique opportunity west of I-5 in coastal Oceanside! Ideal for owner-occupant, investor, developer, second homeowner or short-term rental (STR) host. 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. Plans for three additional units, including an approved garage ADU conversion, are completed. Strong existing and projected rental income potential. Possible ocean views from a future second story or rooftop deck. Recent improvements to the existing home include a new roof, new HVAC (A/C and heat), a new permitted en-suite primary bathroom, new Milgard windows, hydro-jetting of the sewer line, and electrical upgrades. Seller has also paid approximately $15,000 to the City for increased water capacity to serve the three additional units and obtained SDG&E approval for a 400-amp electrical upgrade. Detailed plans and receipts are available. Buyer to assume solar. Premium west-of-I-5 location. Walk to the beach, Oceanside Pier, downtown restaurants, gyms, and cultural events. Don't miss this exceptional opportunity! Unique opportunity west of I-5 in coastal Oceanside! Ideal for owner-occupant, investor, developer, second homeowner or short-term rental (STR) host. 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. Plans for three additional units, including an approved garage ADU conversion, are completed. Strong existing and projected rental income potential. Possible ocean views from a future second story or rooftop deck. Recent improvements to the existing home include a new roof, new HVAC (A/C and heat), a new permitted en-suite primary bathroom, new Milgard windows, hydro-jetting of the sewer line, and electrical upgrades. Seller has also paid approximately $15,000 to the City for increased water capacity to serve the three additional units and obtained SDG&E approval for a 400-amp electrical upgrade. Detailed plans and receipts are available. Buyer to assume solar. Premium west-of-I-5 location. Walk to the beach, Oceanside Pier, downtown restaurants, gyms, and cultural events. Don't miss this exceptional opportunity!