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1470 S 13th ST Oceano, CA 93445
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Key Details
Sold Price $3,710,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Oceano(350)
MLS Listing ID PI24254824
Sold Date 03/14/25
HOA Y/N No
Year Built 1986
Lot Size 0.735 Acres
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.
Location
State CA
County San Luis Obispo
Area Ocno - Oceano
Zoning RMF
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 13.0
Garage Description 13.0
Fence Good Condition
Pool None
Community Features Curbs, Gutter(s)
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 25
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 062271030
Energy Description 3274.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with David Hubbell • Modern Broker-Pismo Beach