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1470 13th Street, Oceano, CA 93445
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1470 13th Street
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  • MLS#: PI24254824 ( Apartment )
  • Street Address: 1470 13th Street
  • Viewed: 1
  • Price: $3,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 13
  • Additional Information
  • County: SAN LUIS OBISPO
  • City: Oceano
  • Zipcode: 93445
  • Subdivision: Oceano(350)
  • Provided by: Allan Real Estate Investments
  • Contact: Dennis Dennis
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 10838.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Current Financing
  1. None
Electric Expense
  1. 2859.00
Fencing
  1. Good Condition
Fuel Expense
  1. 3274.00
Garage Spaces
  1. 13.00
Insurance Expense
  1. 12405.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Level with Street
Netoperatingincome
  1. 198400.00
Newtaxesexpense
  1. 40543.00
Number Of Separate Electric Meters
  1. 20
Number Of Separate Gas Meters
  1. 19
Parcel Number
  1. 062271030
Pool Features
  1. None
Postalcodeplus4
  1. 8401
Professionalmanagementexpense
  1. 10736.00
Property Type
  1. Apartment
Road Frontage Type
  1. County Road
Road Surface Type
  1. Paved
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 429147172:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Oceano(350)
Totalexpenses
  1. 98000.00
Trash Expense
  1. 5039.00
Uncovered Spaces
  1. 12.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
View
  1. Neighborhood
Water Sewer Expense
  1. 14455.00
Water Source
  1. Public
Year Built
  1. 1986
Year Built Source
  1. Public Records
Zoning
  1. RMF