
Oceano, California 93445
This Residential Income Duplex represents a High-Potential Investment Opportunity listed at $675,000, reflecting a stable entry point at its $675,066 Fair Market Value. Despite a Condition Rating of 4 requiring interior modernization, the property offers immense upside via its Opportunity Zone status and zoning for three additional ADUs. With an existing Junior ADU, private spa, and patio in the Lucia Mar Unified district, the asset is primed for forced appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2271 Holden Avenue Subject | $675,000* List Price | 2 | 2 | 1,104 | $611 | - |
A 2011 Paso Robles Pending | $689,900 List Price | 3 | 2 | 1,128 | $612 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of a main residence built in 1930 and a permitted addition from 2001. While the exterior and landscaping appear well-maintained and tidy, the age of the primary structure and the 23-year-old addition suggest that the interior finishes, kitchen, and bathrooms are likely dated and require modernization to meet current market standards.
The property’s zoning allows for the addition of up to three ADUs of 1,200 sq ft each, offering massive upside for investors or developers to create a multi-unit coastal compound.
Situated in a designated Opportunity Zone, the property provides unique financial benefits, including potential capital gains tax deferral and elimination on future appreciation for long-term holders.
Featuring a permitted 432 sq ft Junior ADU with its own bathroom, the property is configured for immediate multi-generational living or rental income generation.
Originally built in 1930, the main residence may require significant updates, modernization, or structural maintenance to meet contemporary standards.
With a total of only 1,104 square feet across both units, the current interior living space is relatively small, which may limit appeal for larger families or high-end renters.
Introducing the “Duneside Retreat”—a rare coastal opportunity offering exceptional development potential in a designated Opportunity Zone. Set on a versatile parcel, this property features a 2-bedroom, 1-bath main residence complemented by a 432 sq ft addition that functions like a Junior ADU. Complete with its own bathroom and a flexible layout, this is a fully permitted addition completed in 2001 that is ideal for multi-generational living, guest quarters, or potential income. With zoning that allows for a main residence plus up to three additional ADUs (each up to 1,200 sq ft, buyer to verify with SLO County), this property presents a compelling opportunity for developers, investors, or those seeking to create a multi-unit coastal compound. Located within an Opportunity Zone, buyers may benefit from significant tax advantages, including the potential to defer capital gains and eliminate taxes on future appreciation when held long term (buyer to consult tax professional). Beyond its development potential, Duneside Retreat offers immediate lifestyle appeal—ideal for owner-occupants, multi-generational living, or generating rental income through short- or long-term leasing. Its adaptable configuration makes it equally suited as a primary residence, vacation getaway, or income-producing asset. A truly unique offering combining location, flexibility, and long-term financial upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 0.0 | 75% |
| Baths | 2.0 | 0.0 | 75% |
| Square foot | 1,104 | 1,653.5 | 25% |
| Lot Size | 5,000 | 6,769 | 25% |
| Price | $675.0K | $807.0K | 25% |
| Price per sq ft | $611 | $489 | 75% |
| Built year | 1930 | 1980 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 142 | 25% |
Apr 15, 2026
$675,000
$700,000
-4% Price Drop
Initial Listing
Apr 1, 2026
$700,000
Initial Listing
Mar 18, 2015
$290,000
Public Record
Aug 27, 2004
$360,000
Public Record
Aug 23, 2002
$235,000
Public Record
Dec 19, 1997
$65,000
Public Record