1845 21st Street
Oceano, CA, 93445
$1,149,000
Beds
0 Baths
SqFt
0.16 Acres
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Investment Opportunity in Oceano! Here is a fantastic investment opportunity in a desirable area of Oceano. This property has undergone numerous upgrades and is conveniently located just a short drive from the charming Village of Arroyo Grande. Included in this offering are 1845 21st St &#38' 2110 E Oceano Ave Oceano. 2110 Ocean Ave, a quaint one-bedroom house with a lovely fenced yard and a covered patio which can also be used as a carport. The patio provides easy access to a shared laundry room. In the center of the property, you’ll find 1845B, a cozy studio unit, and 1845A, a two-bedroom, one-bath unit with its own private fenced yard and a small patio in the back. This property is versatile and offers multiple potential uses: 1. Income Property: As a residential income property, it has significant upside. Three of the four units have recently been set up for utility bill-back, and the fourth will be on bill-back soon, resulting in a substantial increase in net income. Current rents are below Redfin’s lowest advertised rates for similar units in the area, so adjusting to market rates can boost your returns. 2. Family Compound: Alternatively, this property could be a wonderful family compound. Live in one or two of the units, and offset a significant portion of your mortgage with rental income from the remaining units. Only a short drive to world-class surfing in Oceano, several top-tier golf courses, fantastic shopping, and restaurants in the Village and on Grand Ave, this property is well situated. With limited availability of similar properties in the Five Cities area, this is an exceptional value at just $503 per square foot. Don’t miss out on this one! Call today for details. All information provided is considered reliable' however, accuracy is not guaranteed. Buyers and their agents are advised to conduct their own due diligence to verify all details independently.

Property Details

Price:
$1,149,000
MLS #:
PI24230234
Status:
Pending
Baths:
0
Address:
1845 21st Street
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Oceano350
Neighborhood:
ocnooceano
City:
Oceano
Listed Date:
Nov 7, 2024
State:
CA
ZIP:
93445
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
1952
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Interior

Appliances
Gas Range, Microwave, Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Carpet, Laminate
Heating
Forced Air

Exterior

Community Features
Biking, Street Lights
Foundation Details
Raised, Slab
Garage Spaces
0.00
Lot Features
Corner Lot, Front Yard, Garden, Level with Street, Rectangular Lot
Parking Features
Street
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00

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Community

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1845 21st Street
Oceano, CA