Prime Investment Opportunity in Los Osos Fully Occupied Duplexes with Strong Cap RateSeize this unique chance to acquire a pair of duplexes in the desirable community of Los Osos, featuring a total of 4 units: two spacious 3-bed/2-bath and two well-appointed 2-bed/1-bath units, all fully occupied by long-term tenants. These properties have undergone comprehensive building, pest, and sewer lateral line inspections, providing peace of mind for any discerning investor. Priced strategically to reflect market demand, this package offers a cap rate exceeding 5%, making it a standout investment.Each duplex may be purchased independently, though the seller prefers a single transaction for both. Residents enjoy the tranquil coastal lifestyle of Los Osos, with easy access to Monta de Oro State Pa rk, excellent schools, and a welcoming community. This is a rare opportunity to secure a high-yield investment in a thriving rental market
Closed
$1,550,000
1186 16th St, Los Osos, CA 93402
10beds
6baths
--sqft
Multi Family
Built in 1980
-- sqft lot
$1,069,900 Zestimate®
$--/sqft
$2,673 Estimated rent
Home value
$1,069,900
$963,000 - $1.19M
$2,673/mo
Zestimate® history
Owner options
List your home for rent
$2,673/mo
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$2,673/mo
Rent Zestimate®
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$9,782/mo
Est. payment
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$9,782/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jody Neal 01995725 805-252-9267,
Berkshire Hathaway HomeServices California Properties
Bought with:
Non Member Agent
Non Member Office
Source: SBMLS,MLS#: 24-2724
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Features
- Has fireplace: No
Property
Lot
- Size: 6,098 sqft
Details
- Parcel number: 038091045
- Zoning: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1980
Community & neighborhood
Location
- Region: Los Osos
Other
Other facts
- Listing terms: Cash,Ctnl
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2024 | Sold | $1,550,000-7.9% |
Source:  SBMLS #24-2724 Report a problem | ||
| 9/13/2024 | Pending sale | $1,683,000 |
Source: SBMLS #24-2724 Report a problem | ||
| 8/19/2024 | Listed for sale | $1,683,000 |
Source: SBMLS #24-2724 Report a problem | ||
| 3/5/2019 | Listing removed | $1,800 |
Source: SLORent.com, Christopher Frago as Broker Report a problem | ||
| 2/22/2019 | Listed for rent | $1,800-14.3% |
Source: SLORent.com, Christopher Frago as Broker Report a problem | ||
| 1/16/2018 | Listing removed | $2,100 |
Source: King Valley Property Management Report a problem | ||
| 1/12/2018 | Listed for rent | $2,100 |
Source: King Valley Property Management Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,917 -3.9% | $775,000 -8.8% |
| 2024 | $13,440 +111.5% | $850,000 +287.9% |
| 2023 | $6,355 -4.4% | $219,130 +2% |
| 2022 | $6,646 +1.6% | $214,834 +2% |
| 2021 | $6,544 +3.5% | $210,622 +1% |
| 2020 | $6,321 -5.6% | $208,463 +2% |
| 2019 | $6,698 +12.3% | $204,377 +2% |
| 2018 | $5,963 +21.5% | $200,370 +2% |
| 2017 | $4,910 +37.2% | $196,442 +2% |
| 2016 | $3,578 | $192,591 +1.5% |
| 2015 | $3,578 +6.3% | $189,699 +2% |
| 2014 | $3,366 | $185,984 +2.5% |
| 2012 | -- | $181,515 +2% |
| 2011 | -- | $177,957 +0.8% |
| 2010 | -- | $176,628 -0.2% |
| 2009 | -- | $177,048 +2% |
| 2008 | -- | $173,578 +2% |
| 2007 | -- | $170,176 +2% |
| 2006 | -- | $166,840 +2% |
| 2005 | -- | $163,569 +2% |
| 2004 | -- | $160,363 +1.9% |
| 2003 | -- | $157,425 +2% |
| 2002 | -- | $154,340 +2% |
| 2001 | -- | $151,315 |
Find assessor info on the county website
Neighborhood: 93402
Nearby schools
GreatSchools rating
- 9/10Baywood Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Los Osos Middle SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Morro Bay High SchoolGrades: 9-12Distance: 4.1 mi
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$1,069,900
2% more
+$21,398
With Zillow Showcase(estimated)
$1,091,298
- California
- San Luis Obispo County
- Los Osos
- 93402
- 1186 16th St
Nearby cities
Nearby zip codes
Other Los Osos Topics
