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.
Multi-familyProperty Type
1971Year Built
1.49 acresLot Size
$378Price/Sq.Ft.
36 spacesParking
Listed by Tyler Leeson•DRE #01451551• Marcus & Millichap RE Invest
Bought with Matthew Hoyt•DRE #01426139• Hoyt Real Estate, Inc.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.79 Acres
Year renovated
1971
Sq. Ft.
15,566
Year built
1971
Style
Multi-Family (5+ Unit)
County
San Diego County
APN
1665001900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
RH
High-Density Residential District
To provide opportunities for an intensive form of residential development, including apartments and town houses with relatively high land coverage, at appropriate locations. In the RH District the base density is 21.0 du per gross acre and the maximum potential density is 28.9 units per gross acre.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Apr 29, 2013 • Final
Bld roofing
Remove gravel and replace with GAF torch-down roofing.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Carport Spaces: 36
# of Parking Spaces: 36
Interior
Laundry Information
Has Laundry
Community
Interior Features
Levels: One
Unit Type 1 Information
Unit Key Numeric: 10625989
Listing Key Numeric: 364536820
Actual Rent: $6,116
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $6,116
Total # of Units: 4
Unit Type 2 Information
Unit Key Numeric: 10625990
Listing Key Numeric: 364536820
Actual Rent: $27,646
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $27,646
Total # of Units: 15
Unit Type 3 Information
Listing Key Numeric: 364536820
Unit Key Numeric: 10625991
Actual Rent: $29,295
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $29,295
Total # of Units: 16
Expenses
Fuel Expense: $17,124
Trash: $17,125
Total: $298,609
Maintenance: $21,000
Insurance: $10,525
Water Sewer: $17,125
Electric: $17,124
New Taxes: $129,815
Multi-Unit Information
Other Income Description: Miscellaneous
Net Operating Income: $470,320
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 30,328
Gross Scheduled Income: $756,684
Gross Operating Income: $768,929
Gross Income: $791,630
# Of Leased Units: 35
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 35
# Of Buildings: 5
Vacancy Allowance: 22701
Exterior
Exterior Features
Pool Features: None
Lot Information
Additional Parcels Description: 1665001900
Additional Parcels
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Landscaped, Lawn
Property Information
Common Interest: Community Apartment
Total # of Units: 35
Common Walls: No Common Walls
Parcel Number: 1665002000
Total # of Stories: 1
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $298,609
Other Expense: $41,858
Other Expense Description: Misc
Other Income: $34,946
Rent Control
Total Actual Rent: $63,057
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks
Location Information
Latitude: 33.18712600
Longitude: -117.28653600
Directions: Major Nearby Cross Streets: Waring Road & Thunder Drive
Zoning: R4
Public facts
Beds: —
Baths: —
Sq. Ft.: 15,566
Stories: 1.0
Lot Size: 0.79 acres
Style: Multi-Family (5+ Unit)
Year Built: 1971
Year Renovated: 1971
County: San Diego County
APN: 1665001900
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
Days Active in MLS: 529
Continuous Days Active in MLS: 529
Listing Agent Information
List Agent First Name: Tyler
List Agent Last Name: Leeson
Listing Office Information
List Office Name: Marcus & Millichap RE Invest
Selling Agent Information
Buyer Agent First Name: Matthew
Buyer Agent Last Name: Hoyt
Selling Office Information
Buyer Office Name: Hoyt Real Estate, Inc.
Around this home
Schools
Grapevine Elementary School
Public K-5 • Assigned • 1.1mi
3/10
Madison Middle School
Public 6-8 • Assigned • 1.8mi
3/10
Rancho Buena Vista High School
Public 9-12 • Assigned • 2.8mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
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