Updated Triplex with Private
For Sale
$1,950,000
1974 Nevada Court, Los Osos, CA 93402
Three residences offer private outdoor space, washer/dryer hookups, garage parking, and recent interior and exterior improvements.
Property Size3,662 SF
Price / SF$532.50
Days on Market52
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Property Features for 1974 Nevada Court
General Information
Standard status
Active
Size
3,662 SF
Total Parking Spaces
4
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/3BA, 1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
3
Additional Details
Road Access
Yes
Amenities
private yard
washer/dryer hookups
outdoor spa
fruit trees
Building Details
Year Built
1979
Buildings
1
Listing Agency:
RE/MAX Success
(805) 481-9800
Listed By:
Erik O'Sullivan · License #02190165
(805) 503-8815
Source:
Exitrealty
Added: Aug 25
Changed: Sep 30
Last Checked: Sep 30 at 8:56AM
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 RE/MAX Success
Investment Insights
Based on property information with market context.
This updated triplex contains approximately 3,662 sq. ft. of total living space across three residences. Unit A provides 4 bedrooms and 3 bathrooms, dedicated solar, an outdoor spa, and fruit trees. Unit C has 2 bedrooms and 2 bathrooms with remodeled bathrooms and new flooring, while Unit D includes 3 bedrooms and 2 bathrooms with comparable modern updates. Fresh interior paint, dual-pane windows, sliders, private yards, and individual washer/dryer hookups serve the units. The property was built in 1979 and also includes four garage spaces and two new storage sheds.
1974 Nevada Court is positioned at the end of a cul-de-sac in Los Osos, one block from the water's edge. The Back Bay Loop Trailhead is around the corner, with Sea Pines Golf Resort nearby and Montaña de Oro State Park down the road. Views of Morro Rock, the Morro Bay Estuary, and distant sand dunes are visible throughout the property.
1974 Nevada Court is positioned at the end of a cul-de-sac in Los Osos, one block from the water's edge. The Back Bay Loop Trailhead is around the corner, with Sea Pines Golf Resort nearby and Montaña de Oro State Park down the road. Views of Morro Rock, the Morro Bay Estuary, and distant sand dunes are visible throughout the property.
Key Highlights
- Approximately 3,662 sq. ft. of total living space across three units
- Unit mix includes 4‑bedroom/3‑bath, 2‑bedroom/2‑bath, and 3‑bedroom/2‑bath residences
- Four garage spaces and two new storage sheds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,573
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,531,460
$1.5M
Cap Rate 7%
$1,093,900
$1.1M
Cap Rate 9%
$850,811
$850.8K
Market Conditions
NOI Build-Up for 3,662 SF
Gross rent
$112.1K $30.60/SF
− Vacancy
−$2.7K −$0.73/SF
EGI
$109.4K $29.87/SF
− OpEx
−$32.8K −$8.96/SF
NOI
$76.6K $20.91/SF
Area
San Luis Obispo County, CA
Vacancy
2.38%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,531,460
Cap Rate 7%
$1,093,900
Cap Rate 9%
$850,811
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$957.2K – $1.28M
NOI $76,573 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$1.01M
$883.7K – $1.18M
NOI $70,695 @ 7.0% cap · market cap 3.63%
Theoretical Best
Healthcare Medical
$1.44M
$1.26M – $1.68M
NOI $100,815 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
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Business Placement
Demographics for 93402, CA
14,500
Population
6,586
Households
2.2
Avg Household Size
49
Median Age
50%
College-Educated
94%
High-School Grad
27.7 sq mi
ZIP Area
523
Density / Sq Mi
$103,839
Median Household Income
$43,002
Median Earnings
$1,909
Median Rent
$729,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer private outdoor space, washer/dryer hookups, garage parking, and recent interior and exterior improvements.
Where is this triplex located?
The property is located at 1974 Nevada Court Los Osos, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 3,662 sq. ft. of total living space across three units; Unit mix includes 4‑bedroom/3‑bath, 2‑bedroom/2‑bath, and 3‑bedroom/2‑bath residences; Four garage spaces and two new storage sheds
