$1,800,000

Estimated payment $11,073/month

Total Views 1,910
3 Beds
2 Baths
5,500 Sq Ft
$327 Price per Sq Ft

Highlights

  • 0.32 Acre Lot
  • No HOA
  • 14 Car Garage
  • Arroyo Grande High School Rated A-
  • Laundry Room
  • 4-minute walk to Oceano Dunes State Vehicular Recreation Area

About This Home

Tucked in the heart of Oceano just behind Central Market and roughly a mile from the beach, this 10-unit multifamily opportunity is comprised of four buildings across two separate lots (14,000 SF total). Each lot features a 2BD/1BA detached home with its own single-car garage and in-home laundry hookups, plus a rear apartment-over-garage units offering eight additional units total (four per side) above garage rows, with additional garages rented separately for extra income. Property operations are streamlined with separately metered units, owner-paid water/trash, plus house meters for common-area lights and two on-site coin-operated laundry rooms. Gas cooking and gas wall heaters, refrigerators provided, and a clean, practical unit mix make this a compelling coastal asset with 2025 gross income of $147,000 in a convenient, tenant-friendly location.

Listing Agent

Vincent Allan

Allan Real Estate Investments Brokerage Phone: 805-459-0339 License #01421798 Listed on: 01/08/2026

Co-Listing Agent

Dennis Allan

Allan Real Estate Investments Brokerage Phone: 805-459-0339 License #00961923

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot
  • 062114021

Parking

  • 14 Car Garage
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Legal Lot and Block 9 / 36
  • Assessor Parcel Number 062114018

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $2,728
  • Insurance Expense $15,602
  • Professional Management Expense $8,324
  • Trash Expense $2,222
  • Water Sewer Expense $7,790
  • Operating Expense $65,955
  • Gross Income $159,580
  • Net Operating Income $93,625

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0.32 Acres

Parking

14

Listing Details

  • Assessments: Yes
  • CapRate: 5.20
  • Professional Management Expense: 8324.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Oceano(350)
  • View: No
  • Water Sewer Expenses: 7790.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2728.00
  • Parcel Number: 062114018
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 327.27

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2222.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Elevation: 10 Feet
  • Additional Parcels: Yes
  • Additional Parcels Description: 062114021
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 14000.00
  • Lot Size Acres: 0.3214

Rental Info

  • Garage Rental Rate: 75.00
  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 748 Square Feet
  • Garage Income: 300.00
  • Gross Income: 159580.00
  • Gross Scheduled Income: 159580.00
  • Insurance Expense: 15602.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 580.00
  • Lot Size Area: 14000.0000 Square Feet
  • Net Operating Income: 93625.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 10
  • Number With Range: 10
  • Number With Refrigerator: 9
  • Operating Expense: 65955.00
  • Rent Control: No
  • Total Expenses: 65955.00

Tax Info

  • Tax Block: 36
  • Tax Lot: 9

Map

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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
02/06/2026 02/06/26 For Sale $1,800,000 0.0% $327 / Sq Ft
01/17/2026 01/17/26 Pending -- -- --
01/14/2026 01/14/26 For Sale $1,800,000 0.0% $327 / Sq Ft
01/09/2026 01/09/26 Pending -- -- --
01/08/2026 01/08/26 For Sale $1,800,000 -- $327 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI26001043

California Regional Multiple Listing Service (CRMLS)
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