1143 16th, Los Osos, California 93402, Los Osos, 93402 - 4 bed, 4 bath
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Los Osos, California 93402
This four-plex presents a Strong Value Opportunity, listed at $925,000—positioned above the $842,046 Fair Market Value. While the property requires a comprehensive rehab to address its Condition Rating of 5, the Versatile Unit Mix of two studios and two 2-bedroom units provides a stable foundation for rental income. Located near the Elfin Forest, this asset offers significant potential for forced appreciation through modernization. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on strong coastal rental demand.
Property is extensive renovation needed.
Built in 1976 (48 years old), the property falls into the poor category based on age and lack of significant renovation. While the flooring appears updated, the kitchen features original dark wood cabinetry and dated appliances, and popcorn ceilings are present throughout, indicating the need for a comprehensive rehab to modernize the units.
The property features a balanced configuration of two studios and two 2-bedroom units, providing flexibility for diverse tenant profiles and stabilizing rental income.
Situated on the desirable 1100 block near the Elfin Forest and Morro Bay, the location offers high desirability for tenants seeking nature access and a serene coastal lifestyle.
Meticulously maintained interiors with full kitchens in every unit suggest lower immediate capital expenditure and the ability to attract quality tenants quickly.
Built in 1976, the property may require more frequent maintenance or future upgrades to major systems compared to newer multi-family developments.
Despite its proximity to the coast, the property listing indicates no specific views from the units, which may limit the ability to command premium 'view-based' rental rates.
Welcome to an exceptional investment opportunity in the serene coastal town of Los Osos! Nestled on the desirable 1100 block of 16th Street, this charming four-plex offers a versatile living arrangement just a stone's throw from the enchanting Elfin Forest. Comprising two spacious studios and two inviting two-bedroom units, each residence is thoughtfully designed with full kitchens, ensuring comfort and convenience for all. Whether you're looking to generate rental income or house extended family members under one roof, this property provides endless possibilities. Imagine enjoying morning strolls through nearby nature trails or catching breathtaking sunsets over Morro Bay—all moments away from your doorstep. The meticulously maintained interiors offer ample space and natural light, creating a warm ambiance throughout every unit. With easy access to local shops, dining options, and Highway 1 for commuting ease, there's no better location for both tranquility and connectivity. Embrace the unique charm of Los Osos living while benefiting from strong rental demand in this sought-after coastal community. Don't miss your chance to own this delightful property—schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.5 |
| Square foot | 2,735 | 1,689 |
| Lot Size | 6,250 | 4,687.5 |
| Price | $925.0K | $891.5K |
| Price per sq ft | $338 | $505 |
| Built year | 1976 | 1964 |
| HOA | $0 | $0 |
| Days on market | 16 | 135 |
Jul 6, 2026
$925,000
Initial Listing