1373 16th Street, Oceano, California 93445, Oceano, 93445 - 4 bed, 5 bath
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1373 16th Street
Oceano, California 93445
ACTIVE
CONDITION: GOOD
4Beds
5Baths
2,778Sq Ft
10,767Lot Size
Property Price
LIST PRICE$1,090,000
SUMMARY
Just 5 minutes from the Oceano Dunes, this rare two home property delivers space, income, and major upside. The front home is a newer 2,400 sq. ft., two story residence with 3 ensuite bedrooms + office, 3.5 baths, cathedral ceilings, alder cabinetry, walk in pantry, and upgraded finishes throughout. A detached 2 car garage, oversized carport, and bonus room with JADU potential add flexibility and value.The second home offers a 1-bed/1-bath layout with an attached garage--perfect for rental income or multi gen living.Current rents: $3,350 (front home) + $1,050 (rear home, under market). Individually metered gas/water, shared electric, solar leased through 2033. Last year's utilities approx. $530/mo; insurance $3,586.A high demand location, strong income, and clear value add pathways make this an exceptional Central Coast opportunity.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although the original site dates to 1942, the primary 2,400 sq. ft. residence is a newer construction (estimated 15-20 years old) featuring cathedral ceilings, alder cabinetry, and ensuite bathrooms. The interior finishes and kitchen appliances are functional and well-maintained, fitting the 10-20 year age bracket for move-in ready condition. The inclusion of solar and updated metering further supports a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate residences on a single lot, providing immediate rental income of $4,400/month or a flexible multi-generational living arrangement.
- Premium Main Residence
The newer 2,400 sq. ft. front home offers high-end finishes, including three ensuite bedrooms, cathedral ceilings, and alder cabinetry, ensuring strong tenant appeal or owner comfort.
- Significant Value-Add Upside
Opportunities to increase ROI exist through bringing the rear unit to market rent and converting the existing bonus room into a Junior ADU (JADU).
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2778, other record living area = 1000. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Shared Electrical Metering
Unlike the gas and water, the electricity is shared between units, which can complicate utility billing and management for a landlord.
- Leased Solar Commitment
The solar system is under a lease agreement through 2033, requiring the buyer to assume long-term contractual obligations rather than owning the asset outright.
About 1373 16th Street
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1942
- Lot Size
- 10,767 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,778 | 1,203.846 |
| Lot Size | 10,767 | 3,527.538 |
| Price | $1.09M | $766.9K |
| Price per sq ft | $392 | $569 |
| Built year | 1942 | 2008 |
| HOA | $0 | $82 |
| Days on market | 39 | 93 |
Pricing History
Listed for Sale
Sep 15, 2026
$1,090,000
Initial Listing
Sold
Apr 14, 2011
$417,000
Public Record
Sold
Jul 15, 2005
$460,000
Public Record