1974 Nevada Court, Los Osos, California 93402, Los Osos, 93402 - 0 bed, 0 bath
Loading property details...
1974 Nevada Court
Los Osos, California 93402
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,662Sq Ft
11,761Lot Size
Property Price
LIST PRICE$1,950,000
EST. MARKET VALUE
$1,949,101
SUMMARY
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $1,950,000—positioned well below the $1,949,102 Fair Market Value (effectively at market stability). Featuring a Condition Rating of 3, this turnkey property includes updated dual-pane windows, dedicated solar, and private yards. Its prime coastal location near the Back Bay Loop Trailhead ensures high rental demand. With four garage spaces and recent renovations, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, income-generating coastal property.
Estimated Market Value
$1,949,101
Based on Realkey algorithm analyzing recent comparable sales in Los Osos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1974 Nevada Court Subject | $1,950,000* List Price | 0 | 0 | 3,662 | $532 | - |
A 701 Los Osos Valley Active | $1,469,500 List Price | 0 | 0 | 2,985 | $492 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1979, the property has undergone extensive recent renovations including new flooring, fresh interior/exterior paint, and updated dual-pane windows. Units C and D are noted as extensively remodeled, and the addition of dedicated solar and updated fascia indicates a high level of maintenance and functional, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just one block from the water at the end of a quiet cul-de-sac, the property offers exceptional views of Morro Rock and the estuary, ensuring high long-term tenant demand.
- Turnkey Condition
All three units have been extensively updated with modern finishes, dual-pane windows, and fresh paint, allowing for immediate occupancy and reduced initial capital expenditures.
- Superior Amenities
The property features a rare combination of four garage spaces, private yards for every unit, and dedicated solar for the largest unit, significantly enhancing its rental value and utility.
CONSRISKS & DEFICIENCIES
- High Entry Price
With a list price of $1.95 million, the initial capital requirement is substantial, which may challenge investors seeking a high immediate capitalization rate in the current market.
- Coastal Maintenance
The property's proximity to the ocean and the inclusion of high-maintenance features like a spa and fruit trees may lead to higher long-term exterior upkeep costs due to salt air exposure.
About 1974 Nevada Court
Welcome to this beautifully UPDATED TRIPLEX, an exceptional residential income opportunity ideally situated one block off the water's edge at the end of a quiet cul-de-sac in one of Los Osos' most desirable neighborhoods. Offering a premier coastal location that supports strong long-term tenant demand, the property sits around the corner from the famous Back Bay Loop Trailhead near Sea Pines Golf Resort and just down the road from Montaña de Oro State Park. Picturesque views of iconic Morro Rock, the Morro Bay Estuary, and distant sand dunes are visible throughout the property. Offering approximately 3,662 sq. ft. of total living space, this asset features three spacious, move-in-ready units. All units are turnkey with their own unique styles, updates, fresh interior paint, updated dual-pane windows and sliders, and modern comforts. Unit A includes 4 bedrooms, 3 bathrooms, dedicated solar, an outdoor spa, and fruit trees. Unit C offers 2 bedrooms and 2 bathrooms, extensively remodeled with new flooring and updated bathrooms. Unit D features 3 bedrooms, 2 bathrooms, and all the same premier modern updates as Unit C. Each unit boasts a private yard and individual washer/dryer hookups. Parking and storage are abundant, highlighted by four garage spaces and two new storage sheds. Exterior enhancements include fresh paint and new fascia. Offering exceptional privacy and recent improvements, this property is an outstanding opportunity for an owner-occupier, multi-generational living, or an investor. This neighborhood consistently supports strong rental demand, and the rental potential here is exceptional. With the desirable location, well-maintained/updated condition, and functional floor plans, I anticipate strong interest from qualified tenants. Call today to schedule your private showing, review the local market numbers, and see firsthand everything this remarkable investment opportunity has to offer! Buyer and the buyer's agent to verify all information and coordinate their own due diligence with appropriate professionals.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1979
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 3.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 3,662 | 1,689 |
| Lot Size | 11,761 | 4,687.5 |
| Price | $1.95M | $922.0K |
| Price per sq ft | $532 | $553 |
| Built year | 1979 | 1964 |
| HOA | $0 | $0 |
| Days on market | 20 | 131 |
Pricing History
Listed for Sale
Aug 20, 2026
$1,950,000
Initial Listing