CA > Oceano > Oceano(350)
Oceano, CA 93445,1470 S 13th ST
Oceano, CA 93445,1470 S 13th ST
Oceano, CA 93445,1470 S 13th ST
32
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$3,710,000
$3,900,000 4.9%
Est. payment /mo
0.74 Acres Lot
Sold on 03/14/2025

1470 S 13th ST Oceano, CA 93445

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Sergio Palomino
Sergio Palomino

Agent | License ID: 1870045

+1(619) 534-4400

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Key Details

Sold Price $3,710,000

Property Type Residential Income

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Oceano(350)

MLS Listing ID PI24254824

Year Built 1986

Lot Size 0.735 Acres

Property Sub-Type Apartment

Property Description

Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.

Location

State CA

County San Luis Obispo

Area Ocno - Oceano

Zoning RMF

Interior

Laundry Common Area

Exterior

Garage Spaces 13.0

Garage Description 13.0

Fence Good Condition

Pool None

Community Features Curbs, Gutter(s)

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

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Building

Lot Description Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Dennis Allan Allan Real Estate Investments 805-473-7500
Bought with David Hubbell Modern Broker-Pismo Beach

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agent

Sergio Palomino

Agent | License ID: 1870045

+1(619) 534-4400

Name
Phone*
Message
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1470 S 13th ST