$1,800,000
PENDING

Estimated payment $11,522/month

Total Views 4,290
3 Beds
2 Baths
5,500 Sq Ft
$327 Price per Sq Ft

Highlights

  • 0.32 Acre Lot
  • No HOA
  • Rectangular Lot
  • Arroyo Grande High School Rated A-
  • 14 Car Garage
  • 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

  • 14,000 Sq Ft 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 in unit
  • 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: Refrigerator, Gas Range, Gas Oven
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/16/2026 04/16/26 Pending -- -- --
04/15/2026 04/15/26 For Sale $1,800,000 0.0% $327 / Sq Ft
03/20/2026 03/20/26 Pending -- -- --
03/06/2026 03/06/26 For Sale $1,800,000 0.0% $327 / Sq Ft
02/24/2026 02/24/26 Pending -- -- --
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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