This property is located within an Economic Opportunity Zone, which can eliminate capital gains if held for 10 years. Drawings for a 3 story addition have preliminary approval with SLO County and are available upon request. Positive cash flow upon completion shows ROI in less than 5 years. Owner seeks investor or partner to purchase half interest or obtain construction loan to finance the build-out. The property is cash flow positive as is. Remodeled and landscaped in 2019 with ADU in back, plus additional studio.
Sold for $530,000 on 08/14/23
$530,000
2141 Cienaga St, Oceano, CA 93445
3beds
1,275sqft
MultiFamily
Built in 1945
-- sqft lot
$612,500 Zestimate®
$416/sqft
$2,953 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Hardwood, Laminate, Slate
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 1,275 sqft
Property
Parking
- Total spaces: 7
- Parking features: Off-street
Features
- Exterior features: Other, Stone
- Has spa: Yes
- Has view: Yes
- View description: Territorial, Water, City, Mountain
- Has water view: Yes
- Water view: Water
Lot
- Size: 6,969 sqft
Details
- Parcel number: 062116030
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
- Roof: Metal
Condition
- Year built: 1945
Community & neighborhood
Location
- Region: Oceano