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Sold on 09/13/2024

1172 16th St, Los Osos, CA 93402

  • $1,532,000

    Last sold 09/13/2024 for $1.55M

  • 10

    bed

  • 6

    bath

  • 3,984

    Sqft ($389/Sqft)

Multi-family not for sale
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About 1172 16th St

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Lot size 0.29 Acre
Movoto estimate
Parking 4 garage spaces
Property description
Prime Investment Opportunity in Los Osos Fully Occupied Duplexes with Strong Cap RateSeize this unique chance to acquire a pair of duplexes in the desirable community of Los Osos, featuring a total of 4 units: two spacious 3-bed/2-bath and two well-appointed 2-bed/1-bath units, all fully occupied by long-term tenants. These properties have undergone comprehensive building, pest, and sewer lateral line inspections, providing peace of mind for any discerning investor. Priced strategically to reflect market demand, this package offers a cap rate exceeding 5%, making it a standout investment.Each duplex may be purchased independently, though the seller prefers a single transaction for both. Residents enjoy the tranquil coastal lifestyle of Los Osos, with easy access to Montaa de Oro State Park, excellent schools, and a welcoming community. This is a rare opportunity to secure a high-yield investment in a thriving rental market
Listed by
Listing Agent - Jody Neal
Listing Office - Berkshire Hathaway HomeServices California Propert
Source: The MLS mls logo
MLS#24-429607 • last updated 1 year ago
Movoto checked The MLS for data 2 minutes ago
Overview
Levels/Style One
MLS # 24-429607
Type Residential Income
Status Sold
SqFt 3984
Lot Size (SqFt) 12500
Lot Size (Acres) 0.287
Year Built 1980
Interior
Total # of Baths 6
Total # of Bedrooms 10
Flooring Carpet, Mixed
Exterior
# Garage Spaces 4
# Parking Spaces 8
Parking Desc Garage - 2 Car
Lot Desc 2-4 Lots
Add'l Structures None
Amenities / Utilities
Equipment Other
Location
County San Luis Obispo
School District San Luis Coastal Unified School District
Zoning RSF
APN 038-091-045
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 2550
Unit 1: Projected Rent 2800
Unit 1: # Beds 3
Unit 4: # Beds 2
Unit 1: Rent 2250
Unit 2: Rent 1915
Unit 3: Rent 2400
Unit 4: Rent 2050
Unit 2: Furnished No
Unit 2: Projected Rent 2200
Unit 4: Projected Rent 2200
Unit 3: # Beds 3
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 2
Unit 1: # Baths 2
Unit 4: # Baths 1
Unit 4: Actual Rent 2050
Unit 2: Actual Rent 1915
Unit 3: Actual Rent 2400
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 2250
Total # Of Buildings 2
Net Operating Income 88982
Gross Income 99475
Gross Operating Income 99475
Gross Rent Multiplier 15
Total Annual Expenses 10493
$1.53M
Range: $1.34M-$1.71M
Last 30 days 
  • Sep 2024
    mls logo MLS # 24-429607
  • Sep 13, 2024 Pending
    —
  • Aug 5, 2024 Listed
    $1,683,000
  • 1172 16th St
    $1.55M
  • Los Osos
    —
  • 93402
    $995K -9% y/y
  • Los Osos
    $995K -8% y/y
No chart available
Statistics calculated by Movoto

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8/10
Morro Bay High School
public Grades 9-12
San Luis Coastal Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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