356 Pier Avenue, Oceano, CA 93445

$1,775,000
3,500
SqFt
List Price
$1,775,000
Status
ACTIVE
MLS#
PI20190823
Year Built
1960
Living Sq. Ft
3,500
Lot Size
5,520
Acres
0.1267
Lot Location
0-1 Unit/Acre
Days on Market
12
Property Type
Multifamily
Style
Bungalow
Stories
Two Levels
Builders Tract Code
Oceano(350)
Neighborhood
Oceano(350)

Property Description

Great Investment Opportunity with upside potential. This well-maintained 9-unit Apartment Building is located at 356 & 360 Pier Ave. in Oceano Beach California in San Luis Obispo County. It has an excellent tenant history and professionally managed is now offered for sale. These 9 units consist of 2 buildings, is located at the entrance to the Oceano Dunes State Recreation Area. The property holds a current motel license. Check San Luis Obispo for monthly vacation rentals. Good upside opportunity.

Additional Information

Lot Description
Biking
Pool Description
None
Fireplace Description
None
Heat
Natural Gas
Cooling Description
None
Roof
Flat
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
9
Gross Scheduled Income
$101,135
Operating Expense
38860
Unit One Total Units
1
Unit One Beds
1
Unit One Baths
1
Unit One Actual Rent
975.00
Unit One Total Rent
975.00
Unit One Pro Forma
975
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Actual Rent
1500.00
Unit Two Total Rent
1500.00
Unit Two Pro Forma
1500
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Actual Rent
1030.00
Unit Three Total Rent
1030.00
Unit Three Pro Forma
1030
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
1
Unit Four Baths
1
Unit Four Actual Rent
1200.00
Unit Four Total Rent
1200.00
Unit Four Pro Forma
1200
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Jim LaMarca from Mid Coast Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.