$ 1,650,000
385 Mccarthy Avenue Oceano, CA 93445
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Listed by Narlene R Carter Keenan • Keller Williams Realty Central Coast
$ 1,650,000
Est. payment | /mo
4,074 SqFt
$ 1,650,000
Est. payment | /mo
4,074 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 4,074 sqft
Price per Sqft $405
MLS Listing ID PI-24001255
Year Built 1989
Lot Size 8,280 Sqft
Property Description
Welcome to an exceptional investment opportunity just steps away from the "drive on" Pismo Coast State Beach. This unique 5-plex property, comprised of a 2 bedroom 1 bath house and a fourplex, presents an ideal chance for both a residence and income generation. Positioned within a stone's throw of the beach entrance, the small older home is a accompanied by a 4 plex providing diverse options for both tenants and potential rental income. The fourplex consist of two well-appointed 1-bedroom, 1-bathroom apartments and two larger 2-bedroom, 2-bathroom units. Each unit is designed for functionality and comfort, offering a versatile opportunity to cater to different tenant needs. A detached 2 car garage is situated behind the house with alley access and the fourplex has a roof top deck with Ocean Views. Each apartment has a fully equipped kitchen and a fireplace. The apartment building has 6 parking spaces and a laundry room with coin operated washer and dryer. The layout of this property sets the stage for an astute investment strategy, allowing an owner to reside in the main house while leasing out the separate units. Alternatively, one can choose to rent out the entire complex for a robust investment return in this highly sought-after coastal locale.
Location
State CA
County San Luis Obispo
Zoning RMF
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplaces Type Living Room
Inclusions Appliances owned by seller
Laundry Common Area, Individual Room
Exterior
Garage Garage, Assigned
Garage Spaces 2.0
Pool None
Community Features Biking, Fishing, Park, Street Lights
Utilities Available Sewer Connected, Water Connected, Cable Available, Natural Gas Connected
View Y/N Yes
View Ocean
Building
Lot Description Front Yard, 0-1 Unit/Acre
Sewer Public Sewer
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Darren Humphrey
Partner | Lic# DRE 01724424