1244 Santa Ynez Avenue
Los Osos, CA 93402
Map
- – beds
- – baths
- – sqft
- ~2 acre lot
- 1970 build
- – on site
More homes
Incredible Garden-Style Apartment Ownership opportunity with appealing income! 6% Cap Rate. 23 Units sprawled out on 2 acres. In demand rentals! Fully occupied. A collection of 11 Duplex Buildings with Unit Mix is (10) 1BDR and (12) 2BDR/1BTH. Additionally, 1 freestanding 2 BDR home and 6 Storage Units! Yard space for tenants and great location add to the appeal. Rarely do large apartment complexes become available on the Central Coast! The extremely desirable Coastal Community of Los Osos has a building moratorium in place now for 1...2...yes 3 decades now with no new housing and very limited apartment complexes built the area. Existing rents are at market rate. Cosmetic Building improvements may increase rents considerably. Current Gross Income generating over $400,000 Annual! New Roofs and Paint completed approx. 3YRs ago. Excellent long term investment opportunity in a not so sleepy Coastal town!
Last checked:
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Last updated Apr 4, 2025
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MLS# SC20154435 —
The Building
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Year Built:1970
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Year Built Source:Estimated
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New Construction:No
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Building Area Total:18320.00
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Building Area Units:Square Feet
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Total Number Of Units:23
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# of Buildings:11
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Common Walls:1 Common Wall
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# of Separate Gas Meters:23
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# of Separate Water Meters:1
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# of Separate Electric Meters:23
Interior
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Levels:One
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Fireplace:No
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Fireplace:None
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Laundry:Common Area
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Laundry:1
Location
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Directions:Mountain View to Santa Ynez
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Latitude:35.31553900
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Longitude:-120.82643700
The Property
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Zoning:RMF
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Lot Features:16-20 Units/Acre, Lot Over 40000 Sqft
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Lot Size Area:89273.0000
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Lot Size Acres:2.0494
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Lot Size SqFt:89273.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:107.03
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Tax Lot:B
The Listing
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Special Listing Conditions:Standard
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Parcel Number:074223003
Heating & Cooling
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Heating:1
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Heating:Baseboard, Wall Furnace
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Town of El Moro(680)
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Subdivision:Town of El Moro(680)
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Features:Biking, Preserve/Public Land
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Sewer Assessments
Parking
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Parking:Yes
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Parking:Asphalt
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Parking Spaces:6.00
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Garage Spaces:6.00
Extra Units
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Average 1 Bed Area:740
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Average 2 Bed Area:840
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/1/20
Sep 1, 2020
|
Sold | CRMLS_CA | $4,300,000 | -4.4% |
|
8/29/20
Aug 29, 2020
|
Pending | CRMLS_CA | $4,500,000 | |
|
8/9/20
Aug 9, 2020
|
Sold Subject To Contingencies | CRMLS_CA | $4,500,000 |
