
Oceano, California 93445
This High-Potential Investment Opportunity is a Mandatory Vacation Rental Asset listed at a List Price of $250,000, which aligns with the $250,000 Fair Market Value. Featuring a Fair Condition Rating and a compact 266 sqft footprint, this unit is designed for income generation rather than full-time residency. With Onsite Amenities including a hot tub and BBQ area, it offers a turnkey coastal revenue stream. This property is an ideal acquisition for Buy-and-Hold Investors or Vacation Rental Operators seeking a strategic foothold in the Central Coast market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 444 Pier Avenue 12 Subject 0 bd · 1 ba · 266 sqft · $940 | $250,000* List Price | 0 | 1 | 266 | $940 | - |
A 444 Pier Avenue 36 Active 1 bd · 1 ba · 266 sqft · $940 · 0.0 mi | $250,000 List Price | 1 | 1 | 266 | $940 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, the property is 23 years old, placing it in the Fair category. While the exterior is well-maintained and recently repainted, the unit lacks a kitchen and the interior age exceeds 20 years without documented recent renovations.
Situated just 1.5 blocks from the ocean, this property offers immediate access to the beach and surf, making it a highly desirable destination for vacationers and coastal enthusiasts.
The monthly HOA dues cover all utilities, including cable and internet, simplifying management and providing predictable overhead for an income-producing property.
Designed as a mandatory vacation rental, the property generates revenue to offset ownership costs while offering onsite amenities like a hot tub and BBQ area to attract guests.
Due to the studio's compact 266 sqft size and lack of a full kitchen, the purchase requires a cash-only transaction, limiting the pool of potential buyers.
Coastal Commission and HOA regulations limit personal use to 84 days per year, which may not suit buyers looking for a full-time residence or a traditional second home.
This inviting studio condo is located just 1.5 blocks from the ocean, offering an affordable opportunity to own an income-producing property near the beach. Open the window, breathe in the fresh ocean air, and enjoy having the sand and surf just moments from your door. This property is required to operate as a vacation rental and is governed by Coastal Commission and HOA requirements. Owners are permitted personal use for up to 84 days per year, with the unit required to remain available for vacation rental use during the balance of the year. This unique setup provides owners with designated time to enjoy the property while generating guest revenue to help offset ownership expenses. The community offers an onsite hot tub, laundry facility, BBQ/cooking area, and fish-cleaning station. The building exterior was also recently repainted, adding to the property's fresh coastal appeal. HOA dues include all utilities, plus cable and internet, making ongoing ownership and vacation-rental operation convenient. For buyers looking to invest near the ocean while still having limited personal-use opportunities, this studio offers a unique way to own a piece of the Central Coast and participate in the area's vacation-rental market. Cash only due to the size and no kitchen.
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades 7-8 • 2.9 mi
Grades 8-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 266 | - |
| Lot Size | 266 | - |
| Price | $250.0K | $508.0K |
| Price per sq ft | $940 | $468 |
| Built year | 2001 | 0 |
| HOA | $525.98 | $0 |
| Days on market | 36 | 0 |
Sep 18, 2026
$250,000
Initial Listing
Sep 19, 2022
$257,000
Public Record
Aug 21, 2018
$260,000
Public Record