NOT LISTED FOR SALE
5 Beds
3 Baths
30,328 Sq Ft
1.49 Acre Lot

Sale Details

Date Sold: March 24, 2022

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

529 Days on Market

Highlights

  • 1.49 Acre Lot
  • Lawn
  • Laundry Facilities
  • Rancho Buena Vista High School Rated A-
  • Landscaped
  • 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

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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

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

1.49 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Feb 28, 2022
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Matthew Hoyt
Hoyt Real Estate, Inc.
List Price
$10,450,000
Sold Price
$11,450,000
Premium/Discount to List
$1,000,000
9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,775,000
Outstanding Balance
$3,451,520
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,425,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 9, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,884,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,884,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,818,000
Interest Rate
7.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,500
Interest Rate
7.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 1993
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 1992

Purchase Details

Closed on
Nov 2, 1989

Purchase Details

Closed on
Dec 7, 1984
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,215,000 Chicago Title
$8,250,000 Chicago Title Company
-- California Hall Title
-- United Title Of San Diego
-- United Title Of San Diego
-- United Title Of San Diego
-- Chicago Title Co
-- --
-- --
-- --
-- --
-- --
$655,400 --
$1,098,600 --
$1,290,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,775,000
Previous Owner $6,530,000
Previous Owner $5,425,000
Previous Owner $2,884,000
Previous Owner $2,884,000
Previous Owner $2,080,000
Previous Owner $1,818,000
Previous Owner $643,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $74,567 $6,706,747 $2,814,322 $3,892,425
2025 $74,567 $6,575,243 $2,759,140 $3,816,103
2024 $70,313 $6,446,318 $2,705,040 $3,741,278
2023 $68,625 $6,319,920 $2,652,000 $3,667,920
2022 $51,979 $4,698,766 $1,965,703 $2,733,063
2021 $50,816 $4,606,634 $1,927,160 $2,679,474
2020 $50,641 $4,559,400 $1,907,400 $2,652,000
2019 $49,894 $4,470,000 $1,870,000 $2,600,000
2018 $28,025 $2,579,949 $1,075,158 $1,504,791
2017 $71 $2,529,363 $1,054,077 $1,475,286
2016 $26,851 $2,479,768 $1,033,409 $1,446,359
2015 $26,747 $2,442,521 $1,017,887 $1,424,634
2014 $22,801 $2,090,000 $870,903 $1,219,097
Source: Public Records

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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

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