4129-4130 Waring Road

Oceanside, CA 92056

$11,450,000
Last Sold Price
5
Beds
35
Baths
30,328 Sq. Ft.
$378 / Sq. Ft.
30,328
Sq. Ft.
$378
per Sq. Ft.

Description

Tri-City Gardens is a 35-unit multifamily investment opportunity located at 4129 - 4130 Waring Road, Oceanside, CA. Situated on a 1.49-acre lot the property consists of 4, one-bedroom units and 31, two-bedroom units. The property offers amenities including carport parking with storage, on-site laundry, and spacious courtyards.Tri-City Gardens is a 35-unit multifamily investment opportunity located at 4129 - 4130 Waring Road, Oceanside, CA. Situated on a 1.49-acre lot the property consists of 4, one-bedroom units and 31, two-bedroom units. The property offers amenities including carport parking with storage, on-site laundry, and spacious courtyards.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 4129-4130 Waring Road

Parking Spaces Total
36
Private Pool
No
Total Units
35.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
30328
Assessor Parcel Number
166-500-20-00
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Hoyt Real Estate, Inc., Matthew Hoyt, DRE #01426139

Add your commute
LISTING UPDATED: 03/25/2022 02:00 AM

Property Details for 4129-4130 Waring Road

StatusClosed
MLS #OC20123483
Days on Market529
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size1.49 AC / 64,904 SF
CountySan Diego County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Hoyt Real Estate, Inc., Matthew Hoyt, DRE #01426139

Add your commute

Building Information for 4129-4130 Waring Road

Stories1Residences-Year Built1971Building Size-Lot Size1.49 AC / 64,904 SF

Payment Calculator

$62,487 per month

30 year fixed, 7.25% Interest

Principal and Interest

$62,487

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4129-4130 Waring Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $791,630
  • Gross Scheduled Income: $756,684
  • Vacancy Allowance: 22701
  • Gross Operating Income: $768,929
  • Net Operating Income: $470,320
  • Other Income Description: Miscellaneous
  • Other Income 1: $34,946
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $298,609
  • New Taxes Expense: $129,815
  • Fuel Expense: $17,124
  • Electric Expense: $17,124
  • Insurance Expense: $10,525
  • Maintenance Expense: $21,000
  • Professional Management Expense: $26,913
  • Other Expense: $41,858
  • Other Expense Description: Misc
  • Trash Expense: $17,125
  • Water Sewer Expense: $17,125
  • Total Expenses: $298,609
Tax / Assessment Info
  • Tax Tract Number: 5592
  • Tax Census Tract: 185.18
  • Tax Lot: 27
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 1665001900
  • Lot Features: Landscaped, Lawn
  • Number Of Units: 35
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 36
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $6,116
  • Unit Type Total Rent: $6,116
  • Unit Type Pro Forma: 6780
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 15
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $27,646
  • Unit Type Total Rent: $27,646
  • Unit Type Pro Forma: 29925
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $29,295
  • Unit Type Total Rent: $29,295
  • Unit Type Pro Forma: 31920
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 35
  • Rent Controlled: Yes
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 35
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 4129-4130 Waring Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4129-4130 Waring Road

This home is within Vista Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Grapevine Elementary School
PublicK to 5

Madison Middle School
Public6 to 8

Rancho Buena Vista High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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