$975,000
SOLD DEC 11, 2025
8 Beds
4 Baths
3,113 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$313 Per Sq Ft

11% Below List Price

109 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4 Car Garage
  • Arroyo Grande High School Rated A-
  • Neighborhood Views
  • 4-minute walk to Oceano Dunes State Vehicular Recreation Area

About This Home

As of December 2025

Discover this 4 unit offering with rental appeal and flexible living options—all on one well-maintained corner lot with alley access and freshly sealed asphalt driveways. The SFR home is single-story with 2-bedroom, 1-bath with an attached 1-car garage (converted). Behind it sits a triplex built around 1987, each unit featuring 2 bedrooms, 1 bath, and its own garage space. Thoughtfully designed for privacy and convenience, the layout provides each tenant with comfortable living spaces and low-maintenance landscaping. Consistently occupied by long-term tenants, this property reflects pride of ownership and reliable performance. Whether you’re seeking to live in one unit and rent the others, expand your investment portfolio, or complete a 1031 exchange, this four-unit property offers versatile potential and lasting value.

Last Agent to Sell the Property

Dick Keenan

Keller Williams Realty Central Coast Brokerage Phone: 805-801-9032 License #00860187 Listed on: 07/24/2025

Keller Williams Realty Central Coast

Co-Listed By

Narlene Carter-Keenan

Keller Williams Realty Central Coast Brokerage Phone: 805-801-9032 License #00976857

Last Buyer's Agent

Dick Keenan

Keller Williams Realty Central Coast Brokerage Phone: 805-801-9032 License #00860187 Listed on: 07/24/2025

Keller Williams Realty Central Coast

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,000 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • East Facing Home
  • Wood Fence
  • Corner Lot

Parking

  • 4 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Three Garage Doors
  • Driveway

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,113 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Kitchen

  • Gas and Electric Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 1 / 16
  • Assessor Parcel Number 062092017
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Oceano Subdivision

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $300
  • Insurance Expense $2,500
  • Maintenance Expense $3,800
  • Water Sewer Expense $2,682
  • Operating Expense $9,282
  • Gross Income $56,880
  • Net Operating Income $33,127

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 2.76
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Subdivision Name Other: Oceano(350)
  • View: Yes
  • Water Sewer Expenses: 2682.00
  • Zoning: RMF
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 062092017
  • Year Built: 1987
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 313.20

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Three Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas & Electric Range, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607
  • Latitude Manual: 35.10088000

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 56880.00
  • Gross Multiplier: 22.00
  • Gross Operating Income: 54900.00
  • Gross Scheduled Income: 56880.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7000.0000 Square Feet
  • Maintenance Expense: 3800.00
  • Net Operating Income: 33127.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 3
  • Operating Expense: 21773.00
  • Rent Control: Yes
  • Total Actual Rent: 4740.00
  • Total Expenses: 9282.00

Tax Info

  • Tax Block: 16
  • Tax Census Tract: 122.02
  • Tax Lot: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2025 12/11/25 Sold $975,000 -2.4% $313 / Sq Ft
11/10/2025 11/10/25 Pending -- -- --
11/10/2025 11/10/25 Price Changed $999,000 -4.9% $321 / Sq Ft
10/20/2025 10/20/25 Price Changed $1,050,000 -2.3% $337 / Sq Ft
09/25/2025 09/25/25 Price Changed $1,075,000 -2.2% $345 / Sq Ft
09/08/2025 09/08/25 For Sale $1,099,000 0.0% $353 / Sq Ft
08/12/2025 08/12/25 Pending -- -- --
08/05/2025 08/05/25 Price Changed $1,099,000 -8.3% $353 / Sq Ft
07/24/2025 07/24/25 For Sale $1,199,000 -- $385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI25165757

California Regional Multiple Listing Service (CRMLS)

APN: 062-092-017