1845 21St Street

Description

Investment Opportunity in Oceano! Here is a fantastic investment opportunity in a desirable area of Oceano. This property has undergone numerous upgrades and is conveniently located just a short drive from the charming Village of Arroyo Grande. Included in this offering are 1845 21st St & 2110 E Oceano Ave Oceano. 2110 Ocean Ave, a quaint one-bedroom house with a lovely fenced yard and a covered patio which can also be used as a carport. The patio provides easy access to a shared laundry room. In the center of the property, you’ll find 1845B, a cozy studio unit, and 1845A, a two-bedroom, one-bath unit with its own private fenced yard and a small patio in the back. This property is versatile and offers multiple potential uses: 1. Income Property: As a residential income property, it has significant upside. Three of the four units have recently been set up for utility bill-back, and the fourth will be on bill-back soon, resulting in a substantial increase in net income. Current rents are below Redfin’s lowest advertised rates for similar units in the area, so adjusting to market rates can boost your returns. 2. Family Compound: Alternatively, this property could be a wonderful family compound. Live in one or two of the units, and offset a significant portion of your mortgage with rental income from the remaining units. Only a short drive to world-class surfing in Oceano, several top-tier golf courses, fantastic shopping, and restaurants in the Village and on Grand Ave, this property is well situated. With limited availability of similar properties in the Five Cities area, this is an exceptional value at just $503 per square foot. Don’t miss out on this one! Call today for details. All information provided is considered reliable; however, accuracy is not guaranteed. Buyers and their agents are advised to conduct their own due diligence to verify all details independently.

Listing information courtesy of: Michael Puhek, RE/MAX Success . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.