550 Honolulu Ave, Oceano, California 93445, Oceano, 93445 - 1 bed, 1 bath
550 Honolulu Ave
Oceano, California 93445
Property Price
SUMMARY
Analysis of 550 Honolulu Ave, Oceano, California 93445 is currently available with a list price of $563,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Oceano Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1960, this bungalow is presented as move-in ready with clear evidence of updates. The interior features modern laminate or luxury vinyl plank flooring, updated paint, and a clean, functional kitchen and bathroom. The property appears well-maintained with no immediate signs of deferred maintenance, making it a turnkey option for an investment or vacation home.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just a few hundred feet from the beach with a peek-a-boo view, this property offers exceptional access to the shoreline, making it a highly desirable location for beach enthusiasts.
- High Investment Potential
The property is zoned RMF (Residential Multiple Family) and has already secured Vacation Rental Zoning Clearance from the county, providing significant opportunities for development or short-term rental income.
- Turnkey Condition
This charming bungalow is move-in ready and includes versatile features such as an enclosed patio and a separate shop, allowing for immediate occupancy or rental without the need for initial renovations.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 462 square feet of living area and a single bedroom, the home's small footprint may limit its appeal to families or those seeking more spacious accommodations.
- High Price Per Square Foot
At a list price of $563,000 for less than 500 square feet, the cost per square foot is exceptionally high, which may be a deterrent for value-conscious buyers despite the land's zoning potential.
About 550 Honolulu Ave
Welcome to 550 Honolulu Ave, a cute bungalow located a few hundred feet from the beach. This cozy home could make for a great vacation rental home, investment, or beach home. It has an great location and is move in ready. Featuring 1 bed, 1 bath, a enclosed patio, shop, and backyard. The lot is zoned RMF (Residential Multiple Family) and has plenty of investment protentional (check with the county for opportunities). Vacation Rental Zoning Clearance - Approved with County. Take advantage of the many benefits the Central Coast has to offer - Award- Winning Beaches, wineries, restaurants, golf, and amazing weather-at an unbeatable price! Call today to schedule your private showing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 3,000 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 9% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 462 | 1,382 | 4% |
| Lot Size | 3,000 | 4,500 | 13% |
| Price | $563.0K | $785.0K | 17% |
| Price per sq ft | $1.2K | $552 | 96% |
| Built year | 1960 | 1988 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 136 | 4% |
Pricing History
Listed for Sale
Mar 3, 2026
$563,000
Initial Listing
Sold
Jun 28, 2024
$550,000
Public Record
Sold
Jan 21, 2011
$120,000
Public Record
Sold
Sep 30, 2005
$400,000
Public Record