429 Garfield St, Oceanside, California 92054, Oceanside, 92054 - 3 bed, 3 bath
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Oceanside, California 92054
This Coastal Income-Producing Residence is a Prime Investment Opportunity listed at $1,299,999—positioned well below the $1,349,038 Fair Market Value by 3%. This valuation gap offers $49,039 in Instant Equity. Boasting a Condition Rating of 2, the home features a new energy-efficient cool roof, central HVAC, and ADU plans in progress with alley access. Located West of the I-5, it offers a walkable lifestyle near the beach and Oceanside High School. This is a strategic acquisition for Owner-Occupants seeking house-hacking income or Buy-and-Hold Investors targeting coastal development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 429 Garfield St Subject | $1,299,999* List Price | 3 | 3 | 1,212 | $1,113 | - |
A 168 Carey Rd Sold | $985,000 | 3 | 2 | 1,264 | $779 | 0.9 mi |
B 709 N Nevada Sold | $1,405,000 | 3 | 2 | 1,206 | $1,165 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1958, the property has undergone a comprehensive recent renovation (under 5 years) including a new energy-efficient cool roof, new central HVAC, updated electrical, and hydro-jetted plumbing. The interior features a fully modernized kitchen, updated bathrooms, and contemporary finishes throughout, meeting the criteria for mint condition with no maintenance required.
The property is perfectly configured for house hacking with private exterior entrances and offers significant value-add potential through alley access and in-progress plans for a garage ADU and SB9 units.
Situated west of the I-5 in a highly walkable pocket of Oceanside, the home provides immediate access to the beach, pier, and downtown amenities, ensuring strong long-term appreciation and rental demand.
Major capital improvements including a new energy-efficient cool roof, central HVAC, updated electrical, and dual-pane windows significantly reduce immediate maintenance concerns for a buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1212, other record living area = 1042.
At 1,212 square feet for a three-bedroom home, the interior footprint is relatively small, which may feel restrictive for families or those requiring larger common areas.
The local elementary schools are rated 3 and 4 out of 10, which may be a drawback for education-focused families compared to neighboring coastal districts.
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. Inquire for up to date building plans for Bathroom Addition and ADU Plans.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,212 | 1,705 | 14% |
| Lot Size | 5,948 | 7,685 | 28% |
| Price | $1.30M | $1.37M | 41% |
| Price per sq ft | $1.1K | $725 | 86% |
| Built year | 1958 | 1973 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 128 | 9% |
Apr 16, 2026
$1,299,999
Initial Listing
Sep 18, 2024
$1,112,000
Public Record