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1470 S 13th Street
Listed by Dennis Allan CA DRE# 00961923 with Allan Real Estate Investments 805-473-7500
Sold

1470 S 13th Street

1470 S 13th Street, Oceano, CA 93445

$3,710,000
Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.

Studio

10,838 Sq.Ft. LIVING AREA

0.74 Acres lot

John Cole

John Cole

Features & Amenities

Interior

  • total bedrooms0
  • Laundry room Common Area

Area & Lot

  • Status Sold
  • Living Area10,838 Sq.Ft.
  • Total Area10,838 Sq.Ft.
  • Lot Area0.74 Acres
  • MLS® IDPI24254824
  • TypeCondo
  • YEAR BUILT1986
  • NeighborhoodOceano
  • View DescriptionNeighborhood

Exterior

  • STORIES2
  • Garage Space13.0
  • water SourcePublic
  • utilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • PoolNone
  • lot featuresStreet Level
  • sewerPublic Sewer

Financial

  • Sales Price$3,710,000
  • Maintenance Fee $7,977/mo
  • Zoning RMF

Oceano

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