429 Garfield St
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429 Garfield St

D

Oceanside, CA 92054

$1,299,999
NEW — 1d on market

Beds

3

Baths

2.5

Sqft

1,212

Year Built

1958

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008937SD

This property is in Oceanside (92054). View neighborhood stats →

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About This Property

Coastal Investment Opportunity | House Hacking | ADU Potential + Alley Access. Fully upgraded coastal home with income and development potential located WEST of the 5 in one of Oceanside’s most walkable neighborhoods just a short stroll to the beach, pier, shops, and restaurants. This 3-bedroom, 2.5 bath home offers a versatile layout with two bedrooms featuring PRIVATE exterior entrances, ideal for house hacking, rental INCOME, or multigenerational living. A primary bathroom has been added, creating a functional 2-bath configuration. Major system upgrades include a new energy-efficient cool roof, central HVAC system with A/C and heating, updated electrical with recessed lighting, dual-pane windows, and hydro-jetted plumbing. Additional improvements include newly added drainage, upgraded fencing with security features, and a dedicated outdoor laundry room with hookups and sauna-ready electrical. The exterior has been enhanced with new concrete work, low-maintenance landscaping, and expanded parking, an uncommon feature in this highly walkable coastal area. Situated on a ~5,948 sq ft lot with ALLEY access and RS zoning, the property offers development potential with approved plans in progress for a garage ADU and additional units with SB9 (buyer to verify). Significant upfront improvements and development groundwork already completed saving the next owner both time and money. Images have been digitally altered for marketing purposes. The original, unaltered images, plus available UPGRADES and BUILDING PLANS, are available here: https://bit.ly/4culeAw

Mortgage Calculator

Est. Monthly Payment

$8,253

Principal & Interest$6,574
Property Tax$1,300
Insurance$379
%($260,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$4,550
Monthly Cashflow

Rent − PITIA

$-3,703
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,832

Mortgage (P+I)
$6,574
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$12,124

NOI (Annual)
$8,894
Price-to-Rent

Lower = better for investors

23.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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