385 Mccarthy Avenue, Oceano, CA 93445

About this property

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.

Listing description from the April 2024 sale, as reported to CRMLS.

Sale history

$1,490,723

Sold April 2024 · listed $1,650,000, orig. $1,699,000, on market January 2024 · MLS #PI24001255 · Source: CRMLS

Listing Agent: Narlene Carter Keenan · Listing Office: Keller Williams Realty Central Coast · Contact: 805-801-9032 · Bought with: General NONMEMBER · NONMEMBER MRML

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