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    356-360 Pier Avenue

    Oceano, CA 93445
    • $1,775,000
    • STATUS: Active Under Contract
    • ON SITE: 17 days
    • MLS #: PI20190823
    Under Contract
    UPDATED: 76 min ago
    $1,775,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,500
      SQFT
    • $507
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Great Investment Opportunity with upside potential. This well-maintained 9-unit Apartment Building is located at 356 & 360 Pier Ave. in Oceano Beach California in San Luis Obispo County. It has an excellent tenant history and professionally managed is now offered for sale. These 9 units consist of 2 buildings, is located at the entrance to the Oceano Dunes State Recreation Area. The property holds a current motel license. Check San Luis Obispo for monthly vacation rentals. Good upside opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-26T21:29:00.12. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113119035
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    356-360 Pier Avenue Oceano, CA 93445

    • Price: $1,775,000
    • Status: Active Under Contract
    • Updated: 76 min ago
    • MLS #: PI20190823
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,500
    SQFT
    $507
    $/SQFT
    1960
    Built
    Neighborhood:
    Oceano(350)
    County:
    San Luis Obispo
    Area:
    OCNO - Oceano
    Property Description
    Great Investment Opportunity with upside potential. This well-maintained 9-unit Apartment Building is located at 356 & 360 Pier Ave. in Oceano Beach California in San Luis Obispo County. It has an excellent tenant history and professionally managed is now offered for sale. These 9 units consist of 2 buildings, is located at the entrance to the Oceano Dunes State Recreation Area. The property holds a current motel license. Check San Luis Obispo for monthly vacation rentals. Good upside opportunity.
    Exterior Features

    Architectural Style Bungalow Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Other Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Natural Gas Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Biking Country Us Current Financing None Electric Expense 5264.00 Elevation Units Feet Fuel Expense 2851.00 Gross Income 62274.00 Gross Multiplier 17.80 Gross Scheduled Income 101135.00 Insurance Expense 2480.00 Land Lease YN No Laundry YN No Net Operating Income 62274.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 9 Number With Range 9 Number With Refrigerator 9 Operating Expense 38860.00 Professional Management Expense 5000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Oceano(350) Total Actual Rent 10295.00 Total Expenses 38860.00 Trash Expense 820.00 Utilities Cable Available Water Sewer Expense 2323.00 Water Source Public Year Built Source Other

    Listing provided courtesy of Jim Lamarca of Mid Coast Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-26T21:29:00.12. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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