4129-4130 Waring Road

Oceanside, CA 92056

$11,750,000
Price
66
Beds
35
Baths
30,328 Sq. Ft.
$387 / Sq. Ft.
30,328
Sq. Ft.
$387
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.

Property Details for 4129-4130 Waring Road

Parking Spaces Total
36
Private Pool
No

Location

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

Property Details for 4129-4130 Waring Road

StatusActive
MLS #OC20123483
Days on Market457
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

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Location

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

Building Information for 4129-4130 Waring Road

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

Payment Calculator

$39,378 per month

30 year fixed, 2.95% Interest

Principal and Interest

$39,378

Property Taxes

HOA Dues

$0

Property Information for 4129-4130 Waring Road

Property Features
    Interior Features
  • Common Walls: No Common Walls
  • Laundry: Yes
  • Laundry Features: Community
  • Levels: One
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 35.0
    Exterior Features
  • Pool Features: None
    Parking Info
  • Carport Spaces: 36
  • Garage Spaces: 0
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: false
  • Parcel Number: 1665002000
  • Property Type: Residential Income
  • Stories Total: 1
  • Year Built: 1971
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 30328
  • Building Area Units: Square Feet
  • Living Area: 30328
Community/Development / Location Info
    School/Location Info
  • Zip Code: 92056
  • Street Number Numeric: 4129.0
  • Street Name: Waring
  • Street Suffix: Road
  • Country: US
  • County Or Parish: San Diego
  • Directions: Major Nearby Cross Streets: Waring Road & Thunder Drive
  • Area: 92056 - Oceanside
    Association Information
  • Community Features: Curbs, Gutters, Sidewalks
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 185.18
  • Tax Lot: 27
  • Tax Tract Number: 5592
  • Zoning: R4
    Income Details
  • Gross Income: $791,630
  • Gross Operating Income: $768,929
  • Gross Scheduled Income: $756,684
  • Net Operating Income: $470,320
  • Other Income Description: Miscellaneous
  • Other Income 1: $34,946
  • Vacancy Allowance: 22701
    Expense Details
  • Electric Expense: $17,124
  • Fuel Expense: $17,124
  • Insurance Expense: $10,525
  • Maintenance Expense: $21,000
  • New Taxes Expense: $129,815
  • Operating Expense: $298,609
  • Other Expense: $41,858
  • Other Expense Description: Misc
  • Professional Management Expense: $26,913
  • Total Expenses: $298,609
  • Trash Expense: $17,125
  • Water Sewer Expense: $17,125
Unit Information
    Unit 1
  • Unit Type Actual Rent: $6,116
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 6780
  • Unit Type Units Total: 4
  • Unit Type Total Rent: $6,116
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $27,646
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 29925
  • Unit Type Units Total: 15
  • Unit Type Total Rent: $27,646
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $29,295
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 31920
  • Unit Type Units Total: 16
  • Unit Type Total Rent: $29,295
  • Unit Type Type: 3
    Multi-Unit Info
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 35
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 35
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: Yes
Land/Lot Info
    Land/Lot Info
  • Additional Parcels Description: 1665001900
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Acres: 1.49
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 64904
  • Lot Size Units: Acres
  • Sewer: Public Sewer

Property History for 4129-4130 Waring Road

DateEvent & SourcePriceAppreciation
Sep 23, 2021

Price Change

CLAW #OC20123483MR

$11,750,000
Sep 23, 2021

Price Change

CRMLS #OC20123483

$11,750,000
Jun 25, 2020

Listed (Active)

CRMLS #OC20123483

$10,450,000
DateEvent & SourcePrice
09/23/2021

Price Change

CLAW #OC20123483MR

$11,750,000
09/23/2021

Price Change

CRMLS #OC20123483

$11,750,000
06/25/2020

Listed (Active)

CRMLS #OC20123483

$10,450,000

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

Schools near 4129-4130 Waring Road


SchoolTypeGradesDistanceRating
Casita Center for Science/Math/TechnologyPublicK-50.3 mi
8
Tri-City Christian SchoolsPrivateK-120.5 mi
NR
Bella Mente Montessori AcademyCharterK-80.5 mi
4
Grapevine ElementaryPublicK-51.1 mi
5

Casita Center for Science/Math/Technology

K-5, 0.3 mi, Public

8

Tri-City Christian Schools

K-12, 0.5 mi, Private

NR

Bella Mente Montessori Academy

K-8, 0.5 mi, Charter

4

Grapevine Elementary

K-5, 1.1 mi, Public

5

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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4129-4130 Waring Road is a multi-family home for sale in Oceanside, CA 92056. This property was listed for sale on June 25, 2020 by Marcus & Millichap RE Invest at $11,750,000. This listing's school district is Vista Unified. Nearby schools include Grapevine Elementary, Madison Middle and Rancho Buena Vista High. 4129-4130 Waring Road is a 66-bed, 35-bath, 30,328 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

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

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