
Oceano, California 93445
This Licensed Vacation Rental represents a Strong Value Opportunity, listed at $1,199,000—positioned slightly above the $1,168,447 Fair Market Value. While the property requires minor cosmetic updates to reach its full potential, its Fair Condition Rating is offset by a flexible, two-unit floor plan and a third-story viewing deck with panoramic ocean views. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage the "live-in-one, rent-the-other" strategy just half a block from the beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 357 Mccarthy Avenue Subject | $1,199,000* List Price | 3 | 3 | 2,218 | $527 | - |
A 310 Sandpiper Lane Sold | $1,075,000 | 5 | 3 | 2,203 | $488 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, the property is 26 years old, placing it in the 'Fair' category based on age. While the interior shows well-maintained laminate flooring and updated stainless steel appliances, the kitchens retain original honey oak cabinetry and dated layouts. As a high-use vacation rental over 20 years old, it is functional but requires minor cosmetic updates to meet modern luxury standards.
Situated just half a block from the beach, this property offers immediate access to the ocean and dunes, a highly desirable feature for both residents and vacationers.
The home features a licensed vacation rental status and a flexible floor plan that functions as two separate units, allowing for a 'live-in-one, rent-the-other' investment strategy.
Unlike many coastal properties, this home includes a spacious 3-car garage, providing ample room for vehicles, beach gear, and long-term storage.
With a lot size of approximately 4,140 sq ft, the outdoor yard space is relatively compact, which may limit options for extensive landscaping or large private gatherings.
Built in 2000, the property may require cosmetic updates or system refreshes to compete with newer luxury builds in the high-demand coastal market.
Welcome to 357 McCarthy Avenue, a licensed vacation rental just half a block from the beach in Oceano’s coastal neighborhood. This flexible property is designed for true beach living, with a layout that lets you enjoy it as one full home or functionally as two separate units so you can live in one and rent the other. Upstairs, you’ll find bright, open living with a comfortable great room and fireplace, a sizable kitchen, two bedrooms, and a bathroom, all oriented to capture coastal light and sea breezes. A large second-story patio leads up to a third-story viewing deck, an ideal spot for sunrise coffee and sunset ocean views over the dunes and shoreline. Downstairs, a second living room and second kitchen offer its own entrance with a fireplace, two full bathrooms, backyard space, and direct garage access, creating a natural separation of space for guests or tenants. This configuration makes it easy to occupy the upper level as your personal beach home while continuing to operate the lower level as a rental, or to rent the entire residence as one larger vacation property. 357 McCarthy sits on an approximately 4,140 sq ft lot and offers about 2,218 sq ft of living area, with a 3-car garage providing excellent parking and storage for beach gear and longer stays. With its licensed vacation rental status, flexible two-unit-style floor plan, and unbeatable proximity to the ocean, this property is ideal for investors, second-home buyers, or anyone who wants to blend coastal living with strong rental potential. Come experience 357 McCarthy Avenue and imagine how you’ll enjoy living at the beach while your property works for you.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,218 | 1,194 |
| Lot Size | 4,140 | 3,616.4 |
| Price | $1.20M | $731.6K |
| Price per sq ft | $541 | $578 |
| Built year | 2000 | 1980 |
| HOA | $0 | $119 |
| Days on market | 30 | 67 |
Aug 10, 2026
$1,199,000
Initial Listing
Dec 16, 2020
$812,000
Public Record
Mar 29, 2002
$550,000
Public Record
Sep 20, 2000
$425,000
Public Record