Browse All Oceano CA Between $400K - $500K Properties for Sale

GREAT INVESTMENT OPPORTUNITY!!! Look no further for a great income property settled in the quaint town of Oceano. The possibilities are endless with this 2 bedroom, 1 bathroom 828 sq ft unit. Featuring a fair sized entry-room filled with natural light that could also be used as a garden room, a cozy living room, and a kitchen with views into the backyard. Also included is a one-car detached garage that has an additional converted 3rd bedroom upstairs above the garage. The home sits on a large flag lot that offers 11,124 sq ft leaving ample space to either build an additional unit or add a full/generous landscaped backyard. This current rented home has a ton of potential that could be a home for you to fix up and call your own, keep as a great standing rental unit, or renovate and turn into your own income making property.

1354 Lazy Lane, Oceano

$499,000

5 Beds ⋅ 2 Baths ⋅ PI23090631 MLS

Incredible opportunity to own a multi-unit property in an OPPORTUNITY ZONE located in Oceano. This property is zoned R3 and consists of 4 rentable units: (Front Unit) 2 bedroom/ 1 bathroom, (Back Unit) 1 studio, a non-permitted ADU, and a "Hobby Room". This property also collects rent for RV space in the back. (See photo for breakdown of which unit is where). This property is near downtown shopping, dining, beaches, hiking trails, and just minutes away from the infamous Oceano Dunes! 100% occupied property with the opportunity for stabilized rent growth due to all month-to-month tenancies. A value-add business plan would bring current rents from an average of $5,900 (If all units were rented and paid in full) or $6,500 /month gross. Affordable Oceano submarket convenient access to wineries, employment opportunities, and a short commute to Pismo Beach (5 minutes) and to San Luis Obispo (30 minutes). A decrease in population growth states that Oceano has had an increase in economic opportunity since the most recent census (2023). Supply-constrained submarket with a 2.7% vacancy rate in the Oceano submarket, with a 8.73% asking rent growth in the past 12 months. Investment in these zones through special funds called Opportunity Funds will be allowed to defer or eliminate federal taxes on capital gains earned from the sale of stock, business assets, or property. Increase net operating income by bringing rents up to market from post-renovation of units. Don’t miss out on this investment opportunity in a growing rental market. Lastly this property can qualify to be turned into three separate condos or a multi-family unit that is multiple stories like the neighboring property. Check out supplemental information for more details.

2141 Cienaga Street, Oceano

$449,000

PI23083205 MLS

Calling all visionary developers and astute investors! Presenting an exceptional opportunity to acquire a commercial residential zoned corner lot with tremendous potential for a mix-use development. This strategically located property spans 6,970 square feet (approximately 0.16 acres) and awaits your creative touch. Situated within a mere 1.3 miles of the captivating Oceano State Dunes and beach, this prime lot offers an enviable location that is sure to attract a diverse range of residents and visitors. The flat terrain, coupled with an available soil report, provides a solid foundation for your ambitious plans. With commercial residential zoning in place, you have the freedom to envision and bring to life a dynamic project that seamlessly integrates commercial and residential spaces. Imagine a modern complex with retail units on the ground floor, complemented by loft apartments or flexible office spaces above. The possibilities for creating a community that thrives with a mix of commerce and comfortable living are boundless. While water and electric connections are not currently established on the lot, the potential for connection is within reach, allowing you to tailor the infrastructure to suit your development needs.

1515 Ocean Street, Oceano

$415,000

3 Beds ⋅ 2 Baths ⋅ PI23073491 MLS

Live close to the beach, shopping and restaurants. Lovely move in ready home, located in an all-age park, is waiting to welcome you to the Central Coast! Enjoy sunrises and sunsets and peek at the dunes from your kitchen and front porch. Three bedrooms offer room for family and friends, crafting, a library or cozy workspace. Use your imagination to create the living space you desire. The open kitchen provides plenty of storage space, Formica countertops and a peek at the dunes. Large center island has storage and additional working counter space. Bright and open living room and dining room offer a wonderful space to relax or entertain in. The primary bedroom has a very nice closet and bathroom en suite. Both secondary rooms are appointed with nice sized closets and windows that let the light float in. There is a secondary bathroom located off the hallway. Outside you have a cute back yard that backs to open land, so you have no neighbors behind you! The good-sized shed offers lots of storage space. The carport easily has room for two tandem vehicles. Come see this great Rancho del Arroyo home today. Live where others vacation!

2700 Cienaga Street Unit 26, Oceano

$450,000

2 Beds ⋅ 2 Baths ⋅ PI23072096 MLS

If you're still looking for that beach property, stop by and preview this clean 2bdrm 2 bath condo. Located off Highway 1 you are just minutes away from sand in your toes. This turnkey property offers new paint, new flooring, new electrical plugs, light switches & fixtures at dining and hall vanity. Stairs have just been covered with new carpet & pad complimenting the laminate flooring throughout the home. Both bedrooms can be found upstairs with master bedrooms having sliding glass door, small balcony where you can enjoy the afternoon breeze, natural light or decorate with some colorful flowerpots. Balcony overlooks the private fenced patio at entrance. Owners have removed all shrubs allowing for a clean canvas to make it your own. Master bath has been updated with Walkin tiled shower. The guest bedroom offers panoramic views with slight view of Oceano dunes. Condo location is the best in the complex as your located right next to clubhouse & Dog park/greenbelt & overflow parking area. Don't miss your opportunity to look at this well-maintained complex with manicured common area, HOA handles exterior maintenance, insurance & water. In close proximity to local market, fresh fruit stands, American Melodrama Theatre, Oceano Park, restaurants & beaches. What more can you ask for?

2455 La Brea Court, Oceano

$469,000

3 Beds ⋅ 2 Baths ⋅ PI23054231 MLS

Beautiful 2017 Golden West Manufactured home located just minutes from the beach! This home sits on a large lot with plenty of room to have friends and family over to enjoy the Central Coast. Whether you want to spend the day at the beach, or dive into the park's private pool at the clubhouse, this home has it all. Approximately 1450 sqft with three bedrooms and two bathrooms. The home boasts 9’ ceilings, crown molding, coffered ceilings in the living room with recessed lighting. Large primary bedroom with ensuite is spacious and cozy. A separate laundry room that includes a nice Kenmore washer and dryer. Open concept living with a large kitchen, island and breakfast bar. Plenty of room to entertain. A lovely fenced back yard and side yard where you can have a sunny and 70° BBQ, or play a game of cornhole. Private storage shed that can store a large number of items, or can be your personal hobby shed. Truly the best of the Central Coast living without the hefty price tag. All age family park that is space rent controlled. The community in the park is great and sure makes you feel right at home!

2700 Cienaga Street Unit 45, Oceano

$464,000

3 Beds ⋅ 2 Baths ⋅ PI22237381 MLS

Oceano beach cottage, close to Arroyo Grande walking trail that leads you to the beach. Feel the ocean breeze on your private covered front porch. One owner 2017 Golden West Model, three bedroom two bath, complete with granite counters, breakfast bar, stainless steel appliances, indoor laundry room and much more! Rancho Del Arroyo is an all age park that hosts a variety of amenities that include; pool, clubhouse, billiard room, library, small park and bbq.

2700 Cienaga Street Unit 65, Oceano

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Between $400K - $500K Oceano Real Estate

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