385 Mccarthy Avenue Oceano CA 93445 MLS #PI24001255

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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

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

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

Oceano Neighborhoods

Oceano350

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.

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