Seller's Agent in 2019
Erin Down
Ocean West Properties, Inc.
(805) 540-8485
1 in this area
17 Total Sales
1182 Pacific Blvd Oceano, CA 93445
Oceano Neighborhood
10
Beds
10
Baths
5,668
Sq Ft
0.28
Acres
Highlights
- Corner Lot
- Arroyo Grande High School Rated A-
- Laundry Room
About This Home
As of September 2019Close 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!
Last Agent to Sell the Property
Ocean West Properties, Inc. License #00870936 Listed on: 06/14/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 0.28 Acre Lot
- No Units Located Below
- Two or More Common Walls
- Corner Lot
Parking
- 7 Car Garage
Home Design
- 5,668 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Assessor Parcel Number 061112010
Community Details
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $360
- Fuel Expense $240
- Insurance Expense $3,720
- Trash Expense $1,872
- Water Sewer Expense $5,040
- Operating Expense $11,232
- Gross Income $101,820
Additional Features
- 6 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2019 09/20/19 | Sold | $1,500,000 | 0.0% | $265 / Sq Ft |
| 08/15/2019 08/15/19 | Pending | -- | -- | -- |
| 07/31/2019 07/31/19 | For Sale | $1,500,000 | 0.0% | $265 / Sq Ft |
| 07/17/2019 07/17/19 | Pending | -- | -- | -- |
| 06/14/2019 06/14/19 | For Sale | $1,500,000 | -- | $265 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Erin Down
-
Patrick McCann
P
Seller Co-Listing Agent in 2019
Patrick McCann
Ocean West Properties, Inc.
(805) 710-0263
1 in this area
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI19141554
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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