Rare opportunity to purchase a large mult-family investment property on the Central Coast. The property has 13 units and consists of an older 3 bed/1 bath home, a 4 plex and an 8 plex. The 4 plex has four 2 bed/2 bath units. The larger 8 plex has four 2 bed/2 bath units and four 1 bed/1 bath units. New windows were installed in the 4 plex and 8 plex in 2023-2024. Other recent improvements are as follows: exterior paint and new roofing (2018). The property has professional management in place. The complex has enjoyed a limited turnover of tenants. There is a common laundry area. The property is well maintained and a turnkey investment.
Sold for $2,650,000 on 05/31/24
Listing Provided by:
Dennis Allan DRE #00961923 805-473-7500,
Allan Real Estate Investments,
John Cole DRE #01939498 805-748-1137,
Allan Real Estate Investments
Bought with: Venture Real Estate
$2,650,000
1580 S 13th St, Oceano, CA 93445
23beds
21baths
8,697sqft
Multi Family
Built in 1970
-- sqft lot
$2,736,500 Zestimate®
$305/sqft
$-- Estimated rent
Home value
$2,736,500
$2.49M - $3.04M
Not available
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 31, 2024 at 11:58am
Listing Provided by:
Dennis Allan DRE #00961923 805-473-7500,
Allan Real Estate Investments,
John Cole DRE #01939498 805-748-1137,
Allan Real Estate Investments
Bought with:
Anthony Aurignac, DRE #01946262
Venture Real Estate
Nicholas Aurignac, DRE #02155891
Venture Real Estate
Source: CRMLS,MLS#: PI24086305
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 23
- Bathrooms: 21
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 8,697
- Total interior livable area: 8,697 sqft
Property
Parking
- Total spaces: 13
Features
- Levels: Two
- Stories: 2
- Entry location: front
- Pool features: None
Lot
- Size: 0.46 Acres
- Features: Street Level
Details
- Parcel number: 062271025
- Zoning: RMF
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Oceano
- Subdivision: Oceano(350)
HOA & financial
Other financial information
- Total actual rent: 18275
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2024 | Sold | $2,650,000-0.2%$305/sqft |
Source:  CRMLS #PI24086305 | ||
| 5/7/2024 | Pending sale | $2,655,000$305/sqft |
Source: CRMLS #PI24086305 | ||
| 5/2/2024 | Listed for sale | $2,655,000$305/sqft |
Source: CRMLS #PI24086305 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 93445
Nearby schools
GreatSchools rating
- 7/10Oceano Elementary SchoolGrades: K-6Distance: 0.2 mi
- 6/10Judkins Middle SchoolGrades: 7-8Distance: 3.2 mi
- 8/10Arroyo Grande High SchoolGrades: 9-12Distance: 2.2 mi