First Team Real Estate Logo

Oceano, CA 93445 385 Mccarthy Avenue

$1,650,000

Sold: Apr 18, 2024
385 Mccarthy Avenue Oceano, Ca - Image 1385 Mccarthy Avenue Oceano, Ca - Image 2385 Mccarthy Avenue Oceano, Ca - Image 3
47 more
385 Mccarthy Avenue Oceano, Ca - Image 4385 Mccarthy Avenue Oceano, Ca - Image 5385 Mccarthy Avenue Oceano, Ca - Image 6385 Mccarthy Avenue Oceano, Ca - Image 7385 Mccarthy Avenue Oceano, Ca - Image 8385 Mccarthy Avenue Oceano, Ca - Image 9385 Mccarthy Avenue Oceano, Ca - Image 10385 Mccarthy Avenue Oceano, Ca - Image 11385 Mccarthy Avenue Oceano, Ca - Image 12385 Mccarthy Avenue Oceano, Ca - Image 13385 Mccarthy Avenue Oceano, Ca - Image 14385 Mccarthy Avenue Oceano, Ca - Image 15385 Mccarthy Avenue Oceano, Ca - Image 16385 Mccarthy Avenue Oceano, Ca - Image 17385 Mccarthy Avenue Oceano, Ca - Image 18385 Mccarthy Avenue Oceano, Ca - Image 19385 Mccarthy Avenue Oceano, Ca - Image 20385 Mccarthy Avenue Oceano, Ca - Image 21385 Mccarthy Avenue Oceano, Ca - Image 22385 Mccarthy Avenue Oceano, Ca - Image 23385 Mccarthy Avenue Oceano, Ca - Image 24385 Mccarthy Avenue Oceano, Ca - Image 25385 Mccarthy Avenue Oceano, Ca - Image 26385 Mccarthy Avenue Oceano, Ca - Image 27385 Mccarthy Avenue Oceano, Ca - Image 28385 Mccarthy Avenue Oceano, Ca - Image 29385 Mccarthy Avenue Oceano, Ca - Image 30385 Mccarthy Avenue Oceano, Ca - Image 31385 Mccarthy Avenue Oceano, Ca - Image 32385 Mccarthy Avenue Oceano, Ca - Image 33385 Mccarthy Avenue Oceano, Ca - Image 34385 Mccarthy Avenue Oceano, Ca - Image 35385 Mccarthy Avenue Oceano, Ca - Image 36385 Mccarthy Avenue Oceano, Ca - Image 37385 Mccarthy Avenue Oceano, Ca - Image 38385 Mccarthy Avenue Oceano, Ca - Image 39385 Mccarthy Avenue Oceano, Ca - Image 40385 Mccarthy Avenue Oceano, Ca - Image 41385 Mccarthy Avenue Oceano, Ca - Image 42385 Mccarthy Avenue Oceano, Ca - Image 43385 Mccarthy Avenue Oceano, Ca - Image 44385 Mccarthy Avenue Oceano, Ca - Image 45385 Mccarthy Avenue Oceano, Ca - Image 46385 Mccarthy Avenue Oceano, Ca - Image 47385 Mccarthy Avenue Oceano, Ca - Image 48385 Mccarthy Avenue Oceano, Ca - Image 49385 Mccarthy Avenue Oceano, Ca - Image 50385 Mccarthy Avenue Oceano, Ca - Image 51
Presented By: Narlene Carter Keenan with Keller Williams Realty Central Coast; 805-801-9032
  • MLS# PI24001255
  • 01/04/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 4,074
  • GarageGarage • 2

Home Details

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.
Presented By: Narlene Carter Keenan with Keller Williams Realty Central Coast; 805-801-9032

General for 385 Mccarthy Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, GasRange
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCash
Carport Y/NNo
CityOceano
Close Price1490723.0
Community FeaturesBiking, Fishing, Park, StreetLights
Construction MaterialsWoodSiding
CoolingNone
CountySan Luis Obispo
Current FinancingNone
Days on Market53
DirectionsPier Ave, Left on Lakeside, Right on Mc Carthy
DisclosuresCoastalCommissionRestrictions, CoastalZone
Electric Expense355.0
Entry Locationfront door hse
Fuel Expense230.0
Garage Spaces2.0
Garage Y/NYes
Gross Income6600.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4000.0
Interior FeaturesMainLevelPrimary
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet8280.0
MLS AreaOCNO - Oceano
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income95185.0
New ConstructionNo
Number of Units Leased3
Open Parking Spaces6.0
Operating Expense39815.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Street NameMccarthy
Subdivision NameOceano(350)
Tax Lot3
Taxes$19,000
Tenant PaysElectricity, Gas
Total Units5
Trash Expense1500.0
UtilitiesCableAvailable, NaturalGasConnected, SewerConnected, WaterConnected
ViewOcean
View Y/NYes
Water Sewer Expense3100.0
Waterfront Y/NNo
Year Built1989
Year Built SourceAssessor
ZoningRMF

Interior for 385 Mccarthy Avenue

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmailNONE@CRMLS.ORG
Common WallsItem1CommonWall
Electric On Property Y/NNo
Entry Level1
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringCarpet
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Street SuffixAvenue
Total Stories1

Exterior for 385 Mccarthy Avenue

Building Area Total4074.0
Crops Included Y/NNo
FencingWood
Foundation DetailsRaised
Horse Y/NNo
InclusionsAppliances owned by seller
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, FrontYard
Lot Size Acres0.1901
Lot Size Area8280.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned, Garage
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,650,000
MLS#PI24001255
List Date 01/04/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 385 Mccarthy Avenue

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors