Oceano, CA 93445,1470 S 13th Street
Oceano, CA 93445,1470 S 13th Street
Oceano, CA 93445,1470 S 13th Street
$3,710,000
Est. payment /mo
$3,900,000
4.9%
Est.Price: ?

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6 Beds
1 Bath
0.74 Acres Lot
SOLD DATE : 03/14/2025

Key Details

Sold Price $3,710,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PI24254824

Sold Date 03/14/25

Bedrooms 6

HOA Y/N No

Lot Size 0.735 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.
Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.

Location

State CA

County San Luis Obispo

Area Oceano (93445)

Zoning Public Rec

Building

Lot Description Curbs

Story 2

Level or Stories 2 Story

Others

Acceptable Financing Cash, Exchange

Space Rent $21,150

Listing Terms Cash, Exchange

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San Diego Regional MLS (SDMLS)
Listed by Dennis Allan • Allan Real Estate Investments
Bought with David Hubbell • Modern Broker-Pismo Beach

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Melissa Eannarino

+1(760) 845-1085

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