Welcome to an exceptional investment opportunity just steps away from the "drive on" Pismo Coast State Beach. This unique 5-plex property, comprised of a 2 bedroom 1 bath house and a fourplex, presents an ideal chance for both a residence and income generation. Positioned within a stone’s throw of the beach entrance, the small older home is a accompanied by a 4 plex providing diverse options for both tenants and potential rental income. The fourplex consist of two well-appointed 1-bedroom, 1-bathroom apartments and two larger 2-bedroom, 2-bathroom units. Each unit is designed for functionality and comfort, offering a versatile opportunity to cater to different tenant needs. A detached 2 car garage is situated behind the house with alley access and the fourplex has a roof top deck with Ocean Views. Each apartment has a fully equipped kitchen and a fireplace. The apartment building has 6 parking spaces and a laundry room with coin operated washer and dryer. The layout of this property sets the stage for an astute investment strategy, allowing an owner to reside in the main house while leasing out the separate units. Alternatively, one can choose to rent out the entire complex for a robust investment return in this highly sought-after coastal locale.
Property Details
Price:
$1,650,000
MLS #:
PI24001255
Status:
Closed ((Apr 18, 2024))
Baths:
0
Address:
385 Mccarthy Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Oceano350
Neighborhood:
ocnooceano
City:
Oceano
Listed Date:
Jan 4, 2024
State:
CA
ZIP:
93445
Lot Size:
8,280 sqft / 0.19 acres (approx)
Year Built:
1989
Schools
Interior
Appliances
Dishwasher, Gas Range
Cooling
None
Fireplace Features
Living Room
Flooring
Carpet
Heating
Wall Furnace
Exterior
Community Features
Biking, Fishing, Park, Street Lights
Fencing
Wood
Foundation Details
Raised
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre, Front Yard
Parking Features
Assigned, Garage
Parking Spots
8.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Stories Total
1
View
Ocean
Water Source
Public
Financial
Association Fee
0.00
Buyer Agent Compensation
2.500
Tenant Pays
Electricity, Gas
Utilities
Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
Map
Contact Us
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
More About JoAnn Courtesy of Keller Williams Realty Central Coast. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
385 Mccarthy Avenue
Oceano, CA
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