
Oceano, California 93445
This Coastal Value-Add Asset is listed at $650,000, positioned near its $618,766 Fair Market Value following a recent price improvement. Holding a Condition Rating of 4, the property features mostly original 1980s finishes, offering significant upside through modernization of the kitchen and bathrooms. Located in the Lucia Mar Unified district just minutes from the Oceano Dunes, the property benefits from a private patio and high coastal demand. With comparable area sales reaching up to $785,000, this is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors looking to force appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2285 La Verne Street Subject | $625,000* List Price | 3 | 2 | 1,120 | $549 | - |
A 1346 24th Sold | $700,000 | 3 | 2 | 1,307 | $536 | 0.2 mi |
B 1610 16th Street Sold | $649,500 | 3 | 2 | 1,244 | $522 | 0.4 mi |
C 1348 Avenida Pelicanos Sold | $785,000 | 3 | 2 | 1,382 | $568 | 0.5 mi |
D 1480 Island Court Sold | $735,000 | 3 | 2 | 1,255 | $586 | 0.5 mi |
E 2120 Beach Sold | $560,000 | 3 | 1 | 936 | $598 | 0.4 mi |
F 1312 Avenida Pelicanos Sold | $749,000 | 3 | 3 | 1,500 | $499 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this property is in mostly original condition and shows signs of being outdated. The kitchen features older cabinetry and a dated pass-through design, while the bathrooms contain older pedestal sinks and tile work. Although the home appears maintained with some newer laminate flooring, the overall aesthetic, including the wood-slab doors and popcorn ceilings, reflects its age and requires modernization to meet current market standards.
The property is situated just minutes from the beach and the iconic Oceano Dunes State Vehicular Recreation Area, offering unparalleled access to coastal outdoor activities and natural beauty.
With a 3-bedroom, 2-bathroom configuration, this home is well-suited as a primary residence, a vacation getaway, or a lucrative rental investment in a high-demand Central Coast area.
A recent price reduction from $675,000 to $650,000 increases the property's market competitiveness and provides a more attractive entry point for buyers seeking coastal real estate.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The 1,120 square foot interior is relatively small for a three-bedroom home, which may result in tighter living spaces and limited room for larger furniture or storage.
Built in 1980, the property may require modern cosmetic updates or system renovations to meet contemporary aesthetic standards and energy efficiency expectations.
Great opportunity to own a home on the Coast! Welcome to the coastal community of Oceano, where relaxed Central Coast living meets natural beauty and small-town charm. This property is conveniently located near local parks, community amenities, and just minutes from the beach. Enjoy easy access to the iconic Oceano Dunes State Vehicular Recreation Area, known for its unique beach access, off-roading, camping, fishing, and breathtaking ocean views. Nearby Oceano Park offers playgrounds, picnic areas, and open green space perfect for relaxing outdoors or gathering with friends and family. Whether you’re looking for a full-time residence, coastal getaway, or investment opportunity, this location provides convenient access to the beach and the laid-back lifestyle that makes the Central Coast so desirable.
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 | 2.0 | 50% |
| Square foot | 1,120 | 1,382 | 20% |
| Lot Size | 5,000 | 4,500 | 52% |
| Price | $625.0K | $780.0K | 16% |
| Price per sq ft | $558 | $558 | 50% |
| Built year | 1980 | 1988 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 151 | 8% |
Apr 17, 2026
$625,000
$635,000
-2% Price Drop
Initial Listing
Apr 7, 2026
$635,000
$650,000
-2% Price Drop
Initial Listing
Mar 26, 2026
$650,000
$675,000
-4% Price Drop
Initial Listing
Mar 12, 2026
$675,000
Initial Listing