Sold for $3,710,000

Listing Provided by: Allan Real Estate Investments

Bought with: Modern Broker-Pismo Beach

$3,710,000

1470 S 13th St, Oceano, CA 93445

23beds

18baths

10,838sqft

Multi Family

Built in 1986

-- sqft lot

$3,812,200 Zestimate^®

$342/sqft

$2,631 Estimated rent

Home value

$3,812,200

$3.47M - $4.19M

$2,631/mo

Zestimate^® history

Owner options

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$2,631/mo

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$2,631/mo

Rent Zestimate^®

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$23,076/mo

Est. payment

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$23,076/mo

Est. payment

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What's special

Near the beach

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 23
Bathrooms: 18

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 10,838
Total interior livable area: 10,838 sqft

Property

Parking

Total spaces: 25
Parking features: Garage
Garage spaces: 13
Uncovered spaces: 12

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Fencing: Good Condition
Has view: Yes
View description: Neighborhood

Lot

Size: 0.74 Acres
Features: Street Level

Details

Parcel number: 062271030
Zoning: RMF
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1986

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & neighborhood

Community

Community features: Curbs, Gutter(s)

Location

Region: Oceano
Subdivision: Oceano(350)

Other

Other facts

Listing terms: Cash,Cash to New Loan,1031 Exchange
Road surface type: Paved

Price history

Date	Event	Price
3/14/2025	Sold	$3,710,000-4.9%$342/sqft
Source: CRMLS #PI24254824 Report a problem
1/24/2025	Pending sale	$3,900,000$360/sqft
Source: CRMLS #PI24254824 Report a problem
1/6/2025	Listed for sale	$3,900,000$360/sqft
Source: CRMLS #PI24254824 Report a problem