Welcome to an exceptional investment opportunity just steps away from the "drive on" Pismo Coast State Beach. This unique 5-plex property, comprised of a 2 bedroom 1 bath house and a fourplex, presents an ideal chance for both a residence and income generation. Positioned within a stone's throw of the beach entrance, the small older home is a accompanied by a 4 plex providing diverse options for both tenants and potential rental income. The fourplex consist of two well-appointed 1-bedroom, 1-bathroom apartments and two larger 2-bedroom, 2-bathroom units. Each unit is designed for functionality and comfort, offering a versatile opportunity to cater to different tenant needs. A detached 2 car garage is situated behind the house with alley access and the fourplex has a roof top deck with Ocean Views. Each apartment has a fully equipped kitchen and a fireplace. The apartment building has 6 parking spaces and a laundry room with coin operated washer and dryer. The layout of this property sets the stage for an astute investment strategy, allowing an owner to reside in the main house while leasing out the separate units. Alternatively, one can choose to rent out the entire complex for a robust investment return in this highly sought-after coastal locale.
Sold for $1,490,723 on 04/18/24
Listing Provided by:
Narlene Carter Keenan DRE #00976857 805-801-9032,
Keller Williams Realty Central Coast,
Dick Keenan DRE #00860187 805-773-7711,
Keller Williams Realty Central Coast
$1,490,723
385 McCarthy Ave, Oceano, CA 93445
--beds
--baths
4,074sqft
Multi Family
Built in 1989
-- sqft lot
$1,516,800 Zestimate®
$366/sqft
$2,036 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 18, 2024 at 04:25pm
Listing Provided by:
Narlene Carter Keenan DRE #00976857 805-801-9032,
Keller Williams Realty Central Coast,
Dick Keenan DRE #00860187 805-773-7711,
Keller Williams Realty Central Coast
Bought with:
General NONMEMBER, DRE #00905484
NONMEMBER MRML
Source: CRMLS,MLS#: PI24001255
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Gas Range
- Laundry: Common Area, Laundry Room
Features
- Main Level Primary
- Flooring: Carpet
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,074
- Total interior livable area: 4,074 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Garage
- Garage spaces: 2
- Uncovered spaces: 6
Features
- Entry location: front door hse
- Pool features: None
- Fencing: Wood
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 8,280 sqft
- Features: 0-1 Unit/Acre, Front Yard
Details
- Parcel number: 061012043
- Zoning: RMF
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Raised
- Roof: Composition,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Biking, Fishing, Park, Street Lights
Location
- Region: Oceano
- Subdivision: Oceano(350)
Other
Other facts
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
Services availability

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