1845 21st ST, Oceano, CA 93445 – PI24230234 - Heejung Petri

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$1,149,000

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7,000 Sqft Lot

Pending

1845 21st ST Oceano, CA 93445

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Heejung Petri

heejungpetri@gmail.com +1(619) 517-8820

UPDATED:

12/05/2024 05:29 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Subdivision Oceano(350)

MLS Listing ID PI24230234

HOA Y/N No

Year Built 1952

Lot Size 7,000 Sqft

Property Description

Investment Opportunity in Oceano! Here is a fantastic investment opportunity in a desirable area of Oceano. This property has undergone numerous upgrades and is conveniently located just a short drive from the charming Village of Arroyo Grande. Included in this offering are 1845 21st St & 2110 E Oceano Ave Oceano. 2110 Ocean Ave, a quaint one-bedroom house with a lovely fenced yard and a covered patio which can also be used as a carport. The patio provides easy access to a shared laundry room. In the center of the property, you’ll find 1845B, a cozy studio unit, and 1845A, a two-bedroom, one-bath unit with its own private fenced yard and a small patio in the back. This property is versatile and offers multiple potential uses: 1. Income Property: As a residential income property, it has significant upside. Three of the four units have recently been set up for utility bill-back, and the fourth will be on bill-back soon, resulting in a substantial increase in net income. Current rents are below Redfin’s lowest advertised rates for similar units in the area, so adjusting to market rates can boost your returns. 2. Family Compound: Alternatively, this property could be a wonderful family compound. Live in one or two of the units, and offset a significant portion of your mortgage with rental income from the remaining units. Only a short drive to world-class surfing in Oceano, several top-tier golf courses, fantastic shopping, and restaurants in the Village and on Grand Ave, this property is well situated. With limited availability of similar properties in the Five Cities area, this is an exceptional value at just $503 per square foot. Don’t miss out on this one! Call today for details. All information provided is considered reliable; however, accuracy is not guaranteed. Buyers and their agents are advised to conduct their own due diligence to verify all details independently.

Location

State CA

County San Luis Obispo

Area Ocno - Oceano

Zoning RMF

Interior

Interior Features All Bedrooms Down

Heating Forced Air

Cooling None

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry Laundry Room, Outside

Exterior

Parking Features On Street

Pool None

Community Features Biking, Street Lights

View Y/N No

View None

Private Pool No

Building

Lot Description Corner Lot, Front Yard, Garden, Rectangular Lot, Street Level

Story 1

Entry Level One

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 062093009

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Trust

Listed by Michael Puhek • RE/MAX Success • 805-459-1627

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Heejung Petri

Agent | License ID: 02209755

+1(619) 517-8820

1845 21st ST Oceano, CA 93445

Heejung Petri

Key Details

Location

Interior

Exterior

Building

Others

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1845 21st ST