1373 16th St - Multi-Family FOR SALE


Oceano, CA 93445
$1,090,000 USD
805-320-6646
1373 16th St, Oceano, CA for Sale
$1,090,000 USD
Multi-Family - FOR SALE
1/4
null | Request Cap Rate

1373 16th St
Oceano, CA 93445


OVERVIEW

Just 5 minutes from the Oceano Dunes, this rare two home property delivers space, income, and major upside. The front home is a newer 2,400 sq. ft., two story residence with 3 ensuite bedrooms + office, 3.5 baths, cathedral ceilings, alder cabinetry, walk in pantry, and upgraded finishes throughout. A detached 2 car garage, oversized carport, and bonus room with JADU potential add flexibility and value. The second home offers a 1-bed/1-bath layout with an attached garage—perfect for rental income or multi gen living. Current rents: $3,350 (front home) + $1,050 (rear home, under market). Individually metered gas/water, shared electric, solar leased through 2033. Last year’s utilities approx. $530/mo; insurance $3,586. A high demand location, strong income, and clear value add pathways make this an exceptional Central Coast opportunity. All buyers to cross-qualify with Chris Dritz of Nationwide Loans, Inc. at no cost or obligation to the buyer. 805-315-6171 Chris@ChrisDritzLoans.com

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

2

PRICE/UNIT

$545,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Units Oceano

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,767 SF

ZONING

RSF

APN/PARCEL ID

062-012-018

ASK ABOUT THIS PROPERTY

Craig LiebermanApartment Investment SpecialistsMore Info
805-320-6646

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Craig LiebermanApartment Investment SpecialistsMore Info
805-320-6646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.