2505 Basin St Oceano, CA 93445
Oceano NeighborhoodEstimated payment $5,343/month
Highlights
- Hot Property
- Open Floorplan
- Spanish Architecture
- Arroyo Grande High School Rated A-
- Wood Flooring
- Corner Lot
About This Home
Rare opportunity combines income, sustainability, expansion potential & flexible living on this ultra energy-efficient property! Just two blocks from Arroyo Grande in Oceano, corner lot adds privacy/extra parking. Lovely 3 bed/2 bath home includes paid-for, ultra-efficient solar system and quality construction rarely found at this price point. 3-car garage, drought-resistant landscaping throughout, raised flowerbeds for vegetables, and 12–13 young fruit trees (apple, apricot, orange, etc.). Living room & great rooms with 11-foot ceilings. Remodeled by local contractor in 2023 with long-term durability in mind, home presents low risk for deferred maintenance surprises and outstanding long-term energy efficiency. Unlock ONE hallway door, and home easily converts from 3 bed/2 bath home to 2 bed/1 bath home w. Studio/1bath ADU - separate entrance/garden leased til Dec 2026. ADU has cherry-wood kitchen cabinets/granite counter tops. Kind, respectful tenant shares washer/dryer access via garage. ADU lease of $1770/mo ends Dec 2026; includes utilities & single-car garage, but NOT driveway.
Income options: Live in main house, or ADU. Rent main house at approx. $3000+ per month (buyer to verify market rents), while living in the ADU (once tenant leaves). Increase income further: add/rent another RV, Mobile Home or ADU on extra rear lot (buyer to verify with county/city)! Sewer/water in place. Extra lot fenced off from main-house yard, with separate street access. Previously used for RV rental, and big social gatherings. Energy Perks: Uses under 1/3 of avg. local energy consumption, saving $300/month (buyer to verify). Pre-wiring allows easy future conversion to all-electric living, including EV charging capability & compatibility w. 120V heat-pump water heater technology. 4kW Solar System -online monitoring, no battery.
Commercial-grade Mitsubishi 2-zone mini-split heat pump system (ducted in main house, ductless in ADU)
All-metal ducting (rare upgrade for durability/efficiency)
R-60 insulation in main house & R-50 blown attic insulation (far above standard)
2022 commercial-grade TPO white membrane roof covering, with R-4 above-deck insulation, new parapet flashings, upgraded underlayment, and tile reset by SLO County Roofing.Exceptional options if wish to: simplify/cut living expenses, add income with rental options & prepare to have others separate yet close in ADU (e.g. use 3-bed. home until wish to pare down and buyers move into ADU themselves).
Listing Agent
Keller Williams Realty Central Coast Brokerage Phone: 805-285-8110 License #02023880 Listed on: 02/26/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1989
Lot Details
- 8,500 Sq Ft Lot
- Wood Fence
- Corner Lot
- Back and Front Yard
Parking
- 3 Car Attached Garage
- Electric Vehicle Home Charger
Home Design
- Spanish Architecture
- Entry on the 1st floor
- Stucco
Interior Spaces
- 1,820 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Sliding Doors
- Dining Room
- Neighborhood Views
Kitchen
- Breakfast Bar
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Accessible Home Design
- Accessible Parking
Outdoor Features
- Patio
- Front Porch
Utilities
- Central Heating
- Natural Gas Connected
Community Details
- No Home Owners Association
- Oceano Subdivision
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 1468
- Assessor Parcel Number 062074005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,651 | $795,600 | $433,500 | $362,100 |
| 2024 | $8,555 | $790,704 | $390,150 | $400,554 |
| 2023 | $8,555 | $775,200 | $382,500 | $392,700 |
| 2022 | $3,411 | $297,400 | $148,700 | $148,700 |
| 2021 | $3,404 | $291,570 | $145,785 | $145,785 |
| 2020 | $3,368 | $288,582 | $144,291 | $144,291 |
| 2019 | $3,344 | $282,924 | $141,462 | $141,462 |
| 2018 | $3,283 | $277,378 | $138,689 | $138,689 |
| 2017 | $3,208 | $271,940 | $135,970 | $135,970 |
| 2016 | $3,126 | $266,608 | $133,304 | $133,304 |
| 2015 | $2,745 | $262,604 | $131,302 | $131,302 |
| 2014 | -- | $257,460 | $128,730 | $128,730 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $899,900 | +18.4% | $494 / Sq Ft | |
| 04/21/2022 04/21/22 | Sold | $760,000 | +2.8% | $418 / Sq Ft | View Prior Sale |
| 03/15/2022 03/15/22 | Pending | -- | -- | -- | |
| 03/11/2022 03/11/22 | For Sale | $739,000 | -- | $406 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Gift Deed | -- | None Listed On Document | |
| Grant Deed | $760,000 | Placer Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $190,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $392,000 | New Conventional | |
| Previous Owner | $114,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI26040699
APN: 062-074-005
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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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