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$1,100,000 Active Under Contract

1196 Oceanaire Drive
San Luis Obispo, CA 93405

3 units | Multi Family Home
11779 sq ft lot - MLS# SP17249251
Property Photo


San Luis Obispo Three Unit Income Property!!! 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 the duplex units. Each unit has 2 bedrooms and 1.5 baths with a total of 964 square feet. Each unit has an attached two car garage with laundry hookups and a fenced patio area. The house in the back is 3 bedrooms and 3 baths - 2037 square feet. It has an attached two car garage, a private yard and backs to a creek area (NOT flood plain). Unit A currently rents for $1700 per month and is on a month to month. Unit B is vacant. Unit C is on an old lease for $2000 a month that continues thru June 30th, 2020. Please do not disturb Tenants in Units A or C.


  • # of Parking Spaces: 6.00
  • Acres: 0.2704
  • 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: 68400.00
  • Gross Scheduled Income: 68400.00
  • Laundry: Yes
  • Laundry Features: In Garage
  • Listing Agent License: 01359364
  • Listing Office License: 01966224
  • Listing Status: Active Under Contract
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 68400.00
  • 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: Yes
  • Property Type: Multi Family Home
  • 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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