Bought with Stacy Bromley
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1399 S 4th ST Oceano, CA 93445
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Key Details
Sold Price $1,350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSP17138822
Sold Date 08/25/17
Bedrooms 1
Full Baths 1
Half Baths 1
Year Built 1980
Lot Size 0.404 Acres
Source California Regional MLS
Property Description
6.6% CAP on current rents with a 7.1% cash on cash return on $550,000 cash down payment. Well maintained and easy to operate mini storage in Oceano. Two apartments make it easy to manage. The couple in the two bedroom unit currently show any vacant units and keep the property clean. Extremely low vacancy in the storage market. Located in Oceano adjacent to Grover Beach and Arroyo Grande. A few minutes from the approved Grover Beach Lodge and Convention Center scheduled to break ground late summer of 2017. Please drive by only or contact listing broker for a tour. Do not disturb tenants. See attached marketing brochure.
Location
State CA
County San Luis Obispo
Area Ocno - Oceano
Interior
Laundry In Garage
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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