Apartment Building with
1570 Lakeside, Oceano, CA 93445
For Sale
$2,200,000
The 1984 property has wood exterior construction and wall-furnace heating.
Property Size4,938 SF
Days on Market61
Property Features for 1570 Lakeside
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Amenities
Fishing
Wall Furnace
Wood
Carport
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Mid-State Realty
Listed By:
David Gray · License CA #00663517
(805) 543-1500
Source:
Evrealestate
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 12 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-State Realty
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Investment Insights
Based on property information with market context.
This apartment building dates to 1984 and features wood exterior construction, wall-furnace heating, and a carport. It is located at 1570 Lakeside in Oceano, within San Luis Obispo County.
Key Highlights
- Built in 1984
- Carport on site
- Wall‑furnace heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,328
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,560
$1.9M
Cap Rate 7%
$1,361,829
$1.4M
Cap Rate 9%
$1,059,200
$1.1M
Market Conditions
NOI Build-Up for 4,938 SF
Gross rent
$177.8K $36.00/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$173.3K $35.10/SF
− OpEx
−$78.0K −$15.80/SF
NOI
$95.3K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,560
Cap Rate 7%
$1,361,829
Cap Rate 9%
$1,059,200
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,328 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.94M
$1.70M – $2.27M
NOI $135,943 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
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Business Placement
Demographics for 93445, CA
7,040
Population
3,285
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
79%
High-School Grad
17.0 sq mi
ZIP Area
414
Density / Sq Mi
$75,012
Median Household Income
$34,594
Median Earnings
$1,450
Median Rent
$538,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The 1984 property has wood exterior construction and wall-furnace heating.
Where is this apartment building located?
The property is located at 1570 Lakeside Oceano, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Built in 1984; Carport on site; Wall‑furnace heating
