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Tucked in the heart of Oceano just behind Central Market and roughly a mile from the beach, this 10-unit multifamily opportunity is comprised of four buildings across two separate lots (14,000 SF total). Each lot features a 2BD/1BA detached home with its own single-car garage and in-home laundry hookups, plus a rear apartment-over-garage units offering eight additional units total (four per side) above garage rows, with additional garages rented separately for extra income. Property operations are streamlined with separately metered units, owner-paid water/trash, plus house meters for common-area lights and two on-site coin-operated laundry rooms. Gas cooking and gas wall heaters, refrigerators provided, and a clean, practical unit mix make this a compelling coastal asset with 2025 gross income of $147,000 in a convenient, tenant-friendly location.
Property Type(s):
Residential Income
| Last Updated | 3/6/2026 | Tract | Oceano(350) |
|---|---|---|---|
| Year Built | 1989 | Community | OCNO - Oceano |
| Garage Spaces | 14.0 | County | San Luis Obispo |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range, Refrigerator |
| AREA | OCNO - Oceano |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 0.3214 acre(s) |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 14000 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | One, Two |
| SUBDIVISION | Oceano(350) |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Allan Real Estate Investments
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