429 Garfield Street, Oceanside, California 92054, Oceanside, 92054 - 3 bed, 3 bath
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429 Garfield Street
Oceanside, California 92054
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,212Sq Ft
5,948Lot Size
Property Price
LIST PRICE$1,159,000
EST. MARKET VALUE
$1,147,714
SUMMARY
This coastal property represents a High-Potential Investment Opportunity, listed at $1,159,000—positioned slightly above the $1,147,714 Fair Market Value. While priced at market, the asset offers significant upside through its SB 9 development potential, including approved plans for three additional units and a garage ADU conversion. Featuring an Excellent Condition Rating with recent high-value upgrades like a new roof and 400-amp electrical, this is a turnkey Asset for Buy-and-Hold Investors or Owner-Occupants seeking a premium West-of-I-5 location with long-term rental income potential.
Estimated Market Value
$1,147,714
Based on Realkey algorithm analyzing recent comparable sales in Oceanside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 429 Garfield Street Subject 3 bd · 3 ba · 1,212 sqft · $947 | $1,159,000* List Price | 3 | 3 | 1,212 | $947 | - |
A 169 Cregar Street Sold 3 bd · 2 ba · 1,176 sqft · $901 · 0.9 mi | $1,060,000 | 3 | 2 | 1,176 | $901 | 0.9 mi |
B 1474 Stewart Street Street Sold 3 bd · 2 ba · 1,431 sqft · $996 · 0.9 mi | $1,425,000 | 3 | 2 | 1,431 | $996 | 0.9 mi |
C 1470 Burroughs Street Sold 3 bd · 2 ba · 1,493 sqft · $1,001 · 0.9 mi | $1,495,000 | 3 | 2 | 1,493 | $1,001 | 0.9 mi |
D 2309 Saratoga Sold 3 bd · 2 ba · 1,066 sqft · $891 · 0.8 mi | $950,000 | 3 | 2 | 1,066 | $891 | 0.8 mi |
E 2070 Rue De La Montagne Sold 2 bd · 2 ba · 1,164 sqft · $902 · 0.9 mi | $1,050,000 | 2 | 2 | 1,164 | $902 | 0.9 mi |
F 1609 Grandview Pending 3 bd · 2 ba · 1,155 sqft · $1,082 · 0.8 mi | $1,250,000 List Price | 3 | 2 | 1,155 | $1,082 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1958, the property has undergone extensive recent renovations including a new roof, new HVAC, electrical upgrades, and new Milgard windows. The interior is in mint condition with a newly permitted primary en-suite and modern finishes throughout, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The property is primed for high-density expansion under SB 9 with completed plans for three additional units, an approved garage ADU conversion, and $15,000 already paid toward increased water capacity.
- Prime Coastal Location
Situated in a premium 'West of I-5' location, the property offers exceptional walkability to Oceanside’s beaches, the pier, and the vibrant downtown culinary and cultural scene.
- Extensive Recent Capital Improvements
The existing residence features high-value upgrades including a new roof, new HVAC system, Milgard windows, and a 400-amp electrical upgrade, minimizing immediate maintenance costs.
CONSRISKS & DEFICIENCIES
- Solar Contract Assumption
The requirement for the buyer to assume the existing solar contract adds a mandatory long-term financial obligation that may complicate financing or total cost considerations.
- High Price Per Square Foot
At 1,212 square feet for a $1.159M list price, the current value is heavily weighted toward land and development potential rather than the existing living area.
About 429 Garfield Street
Unique opportunity west of I-5 in coastal Oceanside! Ideal for owner-occupant, investor, developer, second homeowner or short-term rental (STR) host. California's SB 9, together with state and local ADU laws, offers the potential for up to four residential units on this property. The existing home is an updated 3-bedroom, 2.5-bath residence on an approximately 6,000 sq. ft. lot with alley access. Plans for three additional units, including an approved garage ADU conversion, are completed. Strong existing and projected rental income potential. Possible ocean views from a future second story or rooftop deck. Recent improvements to the existing home include a new roof, new HVAC (A/C and heat), a new permitted en-suite primary bathroom, new Milgard windows, hydro-jetting of the sewer line, and electrical upgrades. Seller has also paid approximately $15,000 to the City for increased water capacity to serve the three additional units and obtained SDG&E approval for a 400-amp electrical upgrade. Detailed plans and receipts are available. Buyer to assume solar. Premium west-of-I-5 location. Walk to the beach, Oceanside Pier, downtown restaurants, gyms, and cultural events. Don't miss this exceptional opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 5,948 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oceanside Unified Schools
Mission Elementary School
Grades K-5 • 0.8 mi
3/10
Laurel Elementary School
Grades K-5 • 0.9 mi
3/10
South Oceanside Elementary School
Grades K-5 • 1.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,212 | 1,724.705 |
| Lot Size | 5,948 | 6,427.213 |
| Price | $1.16M | $960.6K |
| Price per sq ft | $956 | $549 |
| Built year | 1958 | 1987 |
| HOA | $0 | $149 |
| Days on market | 8 | 45 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,159,000
Initial Listing
Sold
Sep 18, 2024
$1,112,000
Public Record