1954 S Elm, Oceano, California 93445, Oceano, 93445 - 3 bed, 2 bath
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Oceano, California 93445
This Well-Maintained Coastal Townhouse is a High-Potential Investment Opportunity, listed at $499,000—positioned well below the $568,008 Fair Market Value by 12%. This valuation gap offers $69,008 in Instant Equity for incoming owners. Featuring a Condition Rating of 3, the property includes a newer roof, updated flooring, and a private balcony with hill views. Situated in the Lucia Mar Unified district just minutes from the beach, it balances lifestyle appeal with strong financial upside. This is an ideal opportunity for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1954 S Elm Subject | $499,000* List Price | 3 | 2 | 1,224 | $464 | - |
A 1675 21st 12 Sold | $550,000 | 3 | 3 | 1,197 | $459 | 0.5 mi |
B 1928 S Elm Street Active | $515,000 List Price | 2 | 2 | 1,224 | $421 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with several key capital improvements. It features a newer roof, updated laminate flooring, and modern stainless steel kitchen appliances. While the 1985 construction is evident in the cabinetry and countertop styles, the home is clean, functional, and requires no immediate renovation, meeting the criteria for a well-maintained older home with partial updates.
Priced under $500,000, this property represents an exceptional entry-level opportunity for the Central Coast market, offering significant value for a 3-bedroom home near the beach.
The inclusion of a newer roof, updated flooring, and modern kitchen appliances provides immediate peace of mind and reduces the need for near-term maintenance expenditures.
The home features a highly functional floor plan with an attached garage, indoor laundry, and a private balcony, maximizing the utility of the 1,224 square foot living space.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The $322 monthly association fee is a recurring cost that buyers must factor into their budget, which may impact overall affordability compared to single-family residences.
Built in 1985, the property may eventually require updates to original systems not mentioned as replaced, such as windows or plumbing, to meet modern efficiency standards.
Welcome to this well-maintained 3-bedroom, 2-bathroom home offering comfort, functionality, and an ideal Central Coast location all priced under $500,000. Featuring a spacious and light-filled floor plan, the main living area flows seamlessly into the kitchen, creating a functional space for everyday living and entertaining. The kitchen is equipped with updated appliances, ample cabinetry, and a convenient layout that opens to the living area. Recent improvements include a newer roof, providing added value and peace of mind. Upstairs, the bedrooms offer comfortable living spaces with good natural light, while the bathrooms are well-appointed and conveniently located. A private balcony provides an outdoor area to relax and enjoy the surroundings. Additional highlights include updated flooring, an attached garage, and indoor laundry. The property is situated in a desirable location close to local amenities, shopping, dining, and just a short distance to the beach. This is a great opportunity for first-time buyers, investors, or those looking for a coastal getaway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,224 | 1,210.5 | 50% |
| Lot Size | 1,224 | 1,419.5 | 50% |
| Price | $499.0K | $524.5K | 50% |
| Price per sq ft | $408 | $434 | 50% |
| Built year | 1985 | 1994 | 50% |
| HOA | $322.0 | $286 | 50% |
| Days on market | 6 | 46 | 50% |
Apr 16, 2026
$499,000
Initial Listing
Aug 28, 2020
$380,000
Public Record
Mar 29, 2013
$195,500
Public Record
May 27, 2005
$357,000
Public Record
Jan 29, 2003
$230,000
Public Record
Jan 7, 1999
$95,000
Public Record