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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

    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.

    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#: PI24001255MLS LogoOriginating 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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