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Sold for $1,105,000 Sold

1196 Oceanaire Drive
San Luis Obispo, CA 93405

3 units | Multi Family Home
11779 sq ft - MLS# SP17249251
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Sold for $1,105,000 on Sep 5, 2018


San Luis Obispo Three Unit Income Property back on the market after a beautiful remodel of Unit C !!! Duplex plus single family unit, all built in 1978. This is a one owner property with dual pane windows, vaulted ceilings, and laundry hookups in each unit. There are separate water meters, separate gas meters, separate electric meters. Units A and B are mirror image duplex units and are all electric. Each unit has 2 bedrooms and 1.5 baths with 964 square feet per unit. Each unit has an attached two car garage with laundry hookups and a fenced patio area. The house in the back is Unit C. It is newly remodeled with fresh paint, carpeting, vinyl, light fixtures, hardware and more. It has 3 bedrooms and 3 baths, plus an office for a total of 2037 square feet. It has an attached two car garage and a big private back yard and patio that backs to a greenbelt. Units A and B are near mirror images. Unit B rents for $1950 per month and is on a one year lease. Market rent for Unit C is approximately $3000 per month.


  • # of Parking Spaces: 6.00
  • Area: SLO - San Luis Obispo
  • Average 2 Bed Area: 964
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area: 2037
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3965.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Suburban
  • Country: US
  • Directions: From Los Osos Valley Road, turn north on Oceanaire. Property will be on the left.
  • Garage Spaces: 6.00
  • Gross Income: 82800.00
  • Gross Scheduled Income: 82800.00
  • Laundry Features: In Garage
  • Laundry YN: Yes
  • Listing Agent License: 01359364
  • Listing Office License: 01966224
  • Listing Status: Closed
  • Lot Features: Level with Street
  • Lot Size: 0.2704
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 82800.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Parking Spaces: 6.00
  • Property Attached YN: Yes
  • Property Type: Multi Family Home
  • Selling Agent: Jeffrey Landon
  • Selling Agent License: 01915835
  • Selling Office: Cal Coastal Properties
  • Selling Office License: 02039504
  • Sewer: Public Sewer
  • Sold Date: 2018-09-05 00:00:00
  • Sold Price: 1105000.00
  • Stories: Two
  • Sub Type: Multi Family Home
  • Subdivision: San Luis Obispo(380)
  • Subdivision/Neighborhood: San Luis Obispo(380)
  • Units: 3
  • Water Source: Public
  • Year Built: 1978
  • Year Built Source: Appraiser
  • Zip Code: 93405
  • Zoning: R2


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