Oceano, CA 93445 1700 22nd Street

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Presented By: Dick Keenan with Keller Williams Realty Central Coast; 805-801-9032
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PI25165757
  • 07/24/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 2
  • Baths • 1
  • SQFT • 3,113
  • Garage • 4

Home Details

Rare Multi-Unit Investment Opportunity! This unique property features four total units on one lot—a single-story 2 bed / 1 bath home with an attached 1-car garage. Tucked behind the original house, you'll find a triplex built around 1987—each unit offering 2 bedrooms, 1 bath, and a 1-car garage. Tenants enjoy low-maintenance landscaping and a layout that balances privacy with convenience. These units have seen long-term occupancy. Unlock the potential of this rare multi-unit investment—a well-maintained fourplex on a 7,000 sq ft corner lot with alley access and freshly sealed asphalt driveways. Whether you’re looking to live in one and rent the others, add to your portfolio, or pursue 1031 exchange options, this property checks all the boxes. Opportunities like this don’t come often—four units, one lot, endless potential.
Presented By: Dick Keenan with Keller Williams Realty Central Coast; 805-801-9032

Interior Features for 1700 22nd Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 1700 22nd Street

Additional Parcels Y/NNo
AppliancesElectricRange, Disposal, GasRange, WaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate2.76
Carport Spaces0.0
Carport Y/NNo
CityOceano
Community FeaturesBiking, Suburban
Construction MaterialsStucco
CoolingNone
CountySan Luis Obispo
Current FinancingNone
DirectionsCorner of Paso Robles and 22nd Street
ElectricStandard
Entry LocationFront
Facing DirectionEast
Garage Spaces4.0
Garage Y/NYes
Gross Income54900.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet7000.0
Lot Size UnitsSquareFeet
MLS AreaOCNO - Oceano
Maintenance Expense3800.0
MobileHomeRemainsYNNo
Net Operating Income33127.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces5.0
Operating Expense21773.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameOceano(350)
Tax Lot1
Tenant PaysElectricity, Gas, TrashCollection
Total Actual Rent4575.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerAvailable, WaterConnected
ViewNeighborhood
Water Sewer Expense2682.0
Year Built1987
Year Built SourceOwner
ZoningRMF

Exterior for 1700 22nd Street

Building Area Total3113.0
Crops Included Y/NNo
Exterior AmenitiesRainGutters
FencingWood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.1607
Lot Size Area7000.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters2
Parking FeaturesDoorMulti, Driveway, Garage
Private PoolNo
Road Frontage TypeAlley
Road Surface TypePaved
SpaNo
Total Parking8.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,199,000
MLS#PI25165757
List Date 07/24/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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