$1,500,000
$1,500,000
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0.28 Acres Lot
SOLD DATE : 09/20/2019
Key Details
Sold Price $1,500,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Oceano(350)
MLS Listing ID PI19141554
Sold Date 09/20/19
HOA Y/N No
Year Built 1978
Lot Size 0.280 Acres
Acres 0.28
Property Description
Close to the beach, this courtyard configured building is surrounded by 6 professionally managed, maintained, and updated units. The units are all single level after coming up from the garages below. Four (4) of the units are 2 bed - 1.5 bath with two (2) units in the rear that have spacious, private decks with peeks of the ocean that have 2 beds - 1.75 baths. There are 7 single car garages located in the back with a community laundry room and storage area. The spacious storage area has multiple rooms including a 3/4 bath. There are two long term tenants and one new lease in a just completed rehab as seen in the pictures. Three (3) of the units have undergone a rehab like those in the pictures. All other leases have become month to month. Rents are low with plenty of upside, especially if rented furnished. There may potential for turning the downstairs storage area into an additional unit but this must be verified with the county. This outstanding investment opportunity will not last long... call your agent today!
Location
State CA
County San Luis Obispo
Area Ocno - Oceano
Zoning RMF
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Street Lights
Total Parking Spaces 7
Private Pool No
Building
Lot Description Corner Lot
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 061112010
Energy Description 240.0
Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Erin Down • Ocean West Properties, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "