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$3,900,000

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0.74 Acres Lot

New

1470 S 13th ST Oceano, CA 93445

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Kevin Hall

[email protected] +1(323) 854-2814

UPDATED:

01/06/2025 06:38 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Oceano(350)

MLS Listing ID PI24254824

HOA Y/N No

Year Built 1986

Lot Size 0.735 Acres

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.

Location

State CA

County San Luis Obispo

Area Ocno - Oceano

Zoning RMF

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 13.0

Garage Description 13.0

Fence Good Condition

Pool None

Community Features Curbs, Gutter(s)

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Total Parking Spaces 25

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 062271030

Energy Description 3274.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Dennis Allan • Allan Real Estate Investments • [email protected]

Kevin Hall

Agent | License ID: 01387143

+1(323) 854-2814 | [email protected]

1470 S 13th ST Oceano, CA 93445

Kevin Hall

Key Details

Location

Interior

Exterior

Building

Others

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1470 S 13th ST