1810 Ocean, Oceano, California 93445, Oceano, 93445 - 4 bed, 2 bath
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Oceano, California 93445
This property presents a High-Potential Investment Opportunity with a List Price of $949,999—positioned well above the $876,316 Fair Market Value by -8%. As a Residential Multiple Family triplex, this asset offers significant value-add potential through renovation. With a Condition Rating of 5, the property requires a full interior overhaul to modernize its 1960s infrastructure. The generous 7,000-square-foot lot and rear parking provide the necessary footprint for a successful income-generating project. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a strategic Central Coast project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1810 Ocean Subject | $949,999* List Price | 4 | 2 | 1,912 | $458 | - |
A 2120 Paso Robles Street Sold | $825,000 | 0 | 0 | 1,755 | $470 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 (64 years old) with no evidence of renovation. The kitchen features original cabinetry and missing appliances, while living areas show bare, cracked concrete floors. The listing explicitly states the property needs updates and 'imagination,' indicating a requirement for a full rehab of all interior finishes and likely outdated systems.
As a triplex zoned for Residential Multiple Family use, this property offers a versatile investment opportunity to generate triple rental income or live in one unit while offsetting the mortgage with two rentals.
Located near the ocean in Oceano, the property benefits from the highly desirable Central Coast climate and is conveniently situated close to local shopping and entertainment hubs.
The 7,000-square-foot lot includes dedicated parking at the rear, providing ample space for tenants and potential for creative site improvements to enhance the property's utility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1912, other record living area = 680. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property is explicitly noted to be in need of updates and requires a 'handy' buyer, indicating significant deferred maintenance and the need for immediate capital investment.
Built in 1960, the property likely requires modernization of major systems and cosmetic finishes to meet current market standards and attract high-quality long-term tenants.
Use your imagination. Zoned as Residential Multiple Family property with currently 3 rentals available. You could live on site and rent out two other rentals. Near the ocean in Oceano California. Property is in need of updates, but if you are handy this would be a great income project. Parking at the rear of the lot. Not too far from shopping, entertainment and some of the best weather conditions on the Central Coast.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,912 | - |
| Lot Size | 7,000 | - |
| Price | $950.0K | $748.5K |
| Price per sq ft | $497 | $551 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 65 | 86 |
Jun 5, 2026
$949,999
$1,000,000
-5% Price Drop
Initial Listing
May 18, 2026
$1,000,000
Initial Listing