
Oceano, California 93445
This townhome represents a High-Potential Investment Opportunity, listed at a List Price of $499,000—positioned well above the $424,966 Fair Market Value by 17%. While the property requires modernization due to its Condition Rating of 4, the coastal location near the Oceano Dunes provides significant long-term appeal. The multi-level layout features an elevated deck with mountain views, offering a unique lifestyle setting. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to enter the Central Coast market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1870 S Elm Subject | $499,000* List Price | 2 | 2 | 1,022 | $416 | - |
A 1277 Belridge Street 6a Sold | $472,000 | 2 | 2 | 1,164 | $405 | 1.0 mi |
B 1277 Belridge 1a Sold | $465,000 | 2 | 2 | 1,164 | $399 | 1.0 mi |
C 1277 Belridge 11c Active | $499,000 List Price | 2 | 2 | 1,186 | $421 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is dated and shows its age through popcorn ceilings and original tile countertops in the kitchen and bathrooms. While the kitchen cabinets have been painted and the unit appears well-maintained and functional, the systems and finishes are past their typical lifecycle and require modernization.
Located just minutes from the beach and Oceano Dunes, this property offers an ideal location for outdoor enthusiasts and those seeking a quintessential California coastal lifestyle.
Priced under $500,000, this townhome represents a highly attainable entry point for buyers looking to own property near the ocean in the desirable Five Cities area.
The inclusion of both a private patio and an elevated deck maximizes the living space and provides unique views of the surrounding dunes and mountains.
With only 1.5 bathrooms, the property may lack the convenience required for families or those who frequently host guests compared to units with two full baths.
The 1,022-square-foot living area is distributed across multiple levels, which can make the interior feel more confined and may pose accessibility challenges for some residents.
Coastal living at an approachable price point. Welcome to 1870 South Elm Street, a two-bedroom, 1.5-bath townhome in the Playa Del Mar community of Oceano, just minutes from the beach and the Oceano Dunes. With approximately 1,022 square feet of living space, this home offers a functional multi-level floor plan, an attached garage, and multiple outdoor spaces designed to take advantage of the Central Coast setting. Step outside to both a private patio and elevated deck, where dune and mountain views create a scenic backdrop for morning coffee, evening sunsets, or simply enjoying the coastal air. The main living level provides a comfortable space for everyday living and entertaining, while the bedrooms are positioned upstairs for added privacy. Whether you're looking for a primary residence, weekend retreat, or a more attainable way to own property near the California coast, this home offers a combination of location, views, and lifestyle that can be difficult to find at this price point. Playa Del Mar is an intimate community conveniently located near Highway 1, with easy access to the beach, Oceano Dunes, Arroyo Grande, Pismo Beach, restaurants, recreation, and everything the Five Cities area has to offer. 1870 South Elm is an opportunity to own your piece of the Central Coast, close to the ocean, framed by dune and mountain views, and designed for enjoying the coastal lifestyle both inside and out.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,022 | - |
| Lot Size | 1,022 | - |
| Price | $499.0K | $490.0K |
| Price per sq ft | $488 | $437 |
| Built year | 1985 | 0 |
| HOA | $321.0 | $0 |
| Days on market | 5 | 94 |
Sep 4, 2026
$499,000
Initial Listing
Apr 22, 2004
$272,000
Public Record
Feb 29, 2000
$110,500
Public Record