Great investment opportunity in Oceano! 4 rental units: Two 2 bedroom units and two 1 bedroom units. One unit is located on the lower level with a private paved patio. The 3 upstairs units each have their own private balconies, completely rebuilt with wood timbers and decking. Every bathroom was remodeled in 2010 with new toilets, vanities, showers, cast-iron tubs, faucets and floor coverings. Updated LED exterior light fixtures add security to the building. The complex has 4 covered parking spaces plus additional off street parking. Each unit has individual gas and electric meters. The units have been updated with new water heaters and furnaces. Located one block from the Elementary School, 2 blocks from the Community Center, and also only 1.5 miles from the Oceano Dunes at Oceano Beach and 3.5 miles from Downtown Pismo and the Pismo Beach Pier.
Multi-familyProperty Type
1985Year Built
6,150 sq ftLot Size
$418Est. Price/Sq.Ft.
6 spacesParking
Listed by Dick Keenan•DRE #00860187• Keller Williams Realty Central Coast
Bought with Shannon Kessler•DRE #01405952• Century 21 Hometown Realty SLO
Great investment opportunity in Oceano! 4 rental units: Two 2 bedroom units and two 1 bedroom units. One unit is located on the lower level with a private paved patio. The 3 upstairs units each have their own private balconies, completely rebuilt with wood timbers and decking. Every bathroom was remodeled in 2010 with new toilets, vanities, showers, cast-iron tubs, faucets and floor coverings. Updated LED exterior light fixtures add security to the building. The complex has 4 covered parking spaces plus additional off street parking. Each unit has individual gas and electric meters. The units have been updated with new water heaters and furnaces. Located one block from the Elementary School, 2 blocks from the Community Center, and also only 1.5 miles from the Oceano Dunes at Oceano Beach and 3.5 miles from Downtown Pismo and the Pismo Beach Pier.
NSBCRMLS #187993
Apr 13, 2017
Listing Removed
—
Jul 2, 2012
Listed
$539,000
$179/sq ft
NSBCRMLS #170416
Apr 13, 2017
Listing Removed
—
Oct 8, 2010
Listed
$529,000
$176/sq ft
NSBCRMLS #151877
Apr 6, 2017
Listing Removed
—
Feb 9, 2009
Listed
$590,000
$196/sq ft
NSBCRMLS #23416
Apr 6, 2017
Listing Removed
—
Jun 28, 2007
Listed
$745,000
$247/sq ft
NSBCRMLS #132548
Apr 4, 2017
Listing Removed
—
Jun 28, 2007
Listed
$745,000
$247/sq ft
NSBCRMLS #205911
Apr 7, 2017
Listing Removed
—
Jun 28, 2007
Listed
$745,000
$247/sq ft
NSBCRMLS #1001649
Apr 6, 2017
Listing Removed
—
May 23, 2001
Listed
$369,000
$123/sq ft
NSBCRMLS #975561
Apr 4, 2017
Listing Removed
—
Jun 14, 1997
Listed
$215,000
$71/sq ft
CRMLS #SL151877
Jan 6, 2015
Listing Removed
—
Feb 9, 2009
Listed
$590,000
$196/sq ft
CRMLS #SL132548
Jan 6, 2015
Listing Removed
—
Jun 28, 2007
Listed
$745,000
$247/sq ft
CRMLS #PI187993
Oct 31, 2012
Listing Removed
—
Jul 2, 2012
Listed
$539,000
$179/sq ft
CRMLS #PI170416
Oct 8, 2011
Listing Removed
—
Oct 8, 2010
Listed
$529,000
$176/sq ft
SBMLS #07-2956
Aug 24, 2011
Listing Removed
—
Jun 28, 2007
Listed
$745,000
$247/sq ft
NSBCRMLS #165115
Jul 9, 2010
Listing Removed
—
Apr 22, 2010
Listed
$335,000
$111/sq ft
CRMLS #SC165115
Jul 9, 2010
Sold
$312,000
$104/sq ft
Jun 29, 2010
Listing Removed
—
Apr 22, 2010
Listed
$335,000
$111/sq ft
NSBCRMLS #1001651
Aug 4, 2001
Listing Removed
—
May 24, 2001
Listed
$369,000
$123/sq ft
CRMLS #PI1001651
Aug 4, 2001
Sold
$365,000
$121/sq ft
May 24, 2001
Listed
$369,000
$123/sq ft
CRMLS #PI975561
Apr 14, 1998
Listing Removed
—
Jun 14, 1997
Listed
$215,000
$71/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
San Luis Obispo County
APN
062-063-007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 2, 2026.
RMF
SAN LUIS BAY INLAND SUB AREA SOUTH
SOUTH COUNTY PLANNING AREA
INLAND AREA
Residential, Multi-Family Distict
The purpose of this section is to establish standards for the conversion of rental housing into condominiums that conform to the General Plan and Housing Element, maintain a supply of affordable housing units, retain some rental units, reduce the impact of such conversions on the tenants, facilitate resident ownership of the converted units, ensure that converted housing achieves a high standard of safety and quality, and inform the prospective buyers of the physical conditions of the structure.
Zone overlays
Permitted uses
Include but are not limited to:
Bed & breakfast
Office-Other
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 2
# of Carport Spaces: 4
Carport Attached, Shared Driveway
Has Parking
# of Parking Spaces: 6
Interior
Laundry Information
Has Laundry
Area
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 10495533
Listing Key Numeric: 361465066
Actual Rent: $1,025
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,025
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 10495534
Listing Key Numeric: 361465066
Actual Rent: $1,195
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $1,195
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 361465066
Unit Key Numeric: 10495535
Actual Rent: $950
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $950
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 361465066
Unit Key Numeric: 10495536
Actual Rent: $995
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $995
Total # of Units: 1
Expenses
Fuel Expense: $206
Trash: $1,065
Total: $18,926
Pest Control: $292
Maintenance: $1,020
Insurance: $1,317
Water Sewer: $3,061
Electric: $258
New Taxes: $9,230
Multi-Unit Information
# of Units With Refrigerator: 4
# of Units With Range: 4
# of Units With Patio: 1
Net Operating Income: $31,654
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 3,012
Gross Scheduled Income: $50,580
Gross Operating Income: $50,580
Gross Multiplier: 16.59
Gross Income: $50,602
Laundry Income: $600
# Of Leased Units: 4
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 5
# Of Separate Electric Meters: 5
# Of Buildings: 1
Operating Expense Percent: $37
Exterior
Exterior Information
Construction Materials: Wood
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Landlord/Lessor/Owner
Lot Features: Cul-De-Sac
Property Information
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 062063007
Attached Property
Total # of Stories: 2
Has View
Year Built Source: Public Records
Financial
Lease / Rental Details
Operating Expense: $18,926
Tenant Pays: Cable TV, Electricity, Gas, Phone
Total Actual Rent: $4,165
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Street Lighting
Location Information
Latitude: 35.10186100
Longitude: -120.60967900
Other Subdivision Name: Oceano(350)
Directions: S. 13th, then east on Wilmar Ave, then South on 20th St.. At the end on the left.
Road Frontage Type: Access via City Streets
Road Surface Type: Paved
Subdivision Name: Oceano(350)
Zoning: RMF
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: San Luis Obispo County
APN: 062-063-007
Home facts updated by county records on Mar 2, 2026
Other
Listing Information
Days Active in MLS: 62
Continuous Days Active in MLS: 62
Listing Agent Information
List Agent First Name: Dick
List Agent Last Name: Keenan
Listing Office Information
List Office Name: Keller Williams Realty Central Coast
Selling Agent Information
Buyer Agent First Name: Shannon
Buyer Agent Last Name: Kessler
Selling Office Information
Buyer Office Name: Century 21 Hometown Realty SLO
Around this home
Schools
Oceano Elementary School
Public K-6 • Assigned • 0.2mi
7/10
Judkins Middle School
Public 7-8 • Assigned • 3.4mi
6/10
Arroyo Grande High School
Public 9-12 • Assigned • 1.9mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 80° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Oceano, CA • 93445
Average low and high temperatures (°F)
65
45
67
49
67
50
65
50
65
51
65
53
66
56
68
54
70
58
69
53
65
48
66
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 5 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.20M – $1.45M
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