NOT LISTED FOR SALE

4130 Waring Rd Oceanside, CA 92056

Tri-City Neighborhood
5 Beds
3 Baths
30,328 Sq Ft
1.49 Acres

Last Sold March 24, 2022

Last sale price $11,450,000 $378 Per Sq Ft

529 Days on Market

Highlights

  • 1.49 Acre Lot
  • Lawn
  • Landscaped
  • Rancho Buena Vista High School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2022

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.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 06/25/2020

Last Buyer's Agent

Matthew Hoyt

Hoyt Real Estate, Inc. License #01426139

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1971

Lot Details

  • 1.49 Acre Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • 1665001900

Interior Spaces

  • 30,328 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 36 Parking Spaces
  • 36 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 5592
  • Assessor Parcel Number 1665002000

Community Details

Overview

  • 5 Buildings
  • 35 Units

Amenities

  • Laundry Facilities

Building Details

  • 35 Leased Units
  • Rent Control
  • 35 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $17,124
  • Fuel Expense $17,124
  • Insurance Expense $10,525
  • Maintenance Expense $21,000
  • Other Expense $41,858
  • Professional Management Expense $26,913
  • Trash Expense $17,125
  • Water Sewer Expense $17,125
  • New Taxes Expense $129,815
  • Operating Expense $298,609
  • Gross Income $791,630
  • Net Operating Income $470,320

Property Details

Home Type

Apartment

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Professional Management Expense: 26913.00
  • Property Attached: No
  • Water Sewer Expenses: 17125.00
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 1665002000
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 377.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 36.00
  • Total Parking Spaces: 36.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 17125.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 1665001900
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 64904.40
  • Lot Size Acres: 1.4900

Multi Family

  • Electric Expense: 17124.00
  • Fuel Expense: 17124.00
  • Gross Income: 791630.00
  • Gross Operating Income: 768929.00
  • Gross Scheduled Income: 756684.00
  • Insurance Expense: 10525.00
  • Lot Size Area: 1.4900 Acres
  • Maintenance Expense: 21000.00
  • Net Operating Income: 470320.00
  • Number Of Separate Electric Meters: 35
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 35
  • Number Of Units Total: 35
  • Operating Expense: 298609.00
  • Other Expense: 41858.00
  • Other Expense Description: Misc
  • Other Income1: 34946.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 63057.00
  • Total Expenses: 298609.00

Tax Info

  • New Taxes Expense: 129815.00
  • Tax Census Tract: 185.18
  • Tax Lot: 27
  • Tax Tract Number: 5592

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $11,450,000 -2.6% $378 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
09/23/2021 09/23/21 Price Changed $11,750,000 +12.4% $387 / Sq Ft
06/25/2020 06/25/20 For Sale $10,450,000 -- $345 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2022

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    155 Total Sales

    Tyler Leeson
    Section Image
  • Matthew Hoyt

    Buyer's Agent in 2022

    Matthew Hoyt

    Hoyt Real Estate, Inc.

    (949) 283-1696

    1 in this area

    42 Total Sales

    Matthew Hoyt
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20123483

California Regional Multiple Listing Service (CRMLS)

APN: 166-500-19-00

California San Diego County Oceanside 92056 Tri-City

4130 Waring Rd, Oceanside, CA

Not Listed for Sale

MultiFamily

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