148 N Ocean Ave, Cayucos, CA 93430
- Retail space
- 1,924 SF
- 0.09 lot acres
Current Use by Public Records
- Highway One Vacation Rentals / Vacation Rental / Real Estate Agency
Property Details for 148 N Ocean Ave
- Year built
- 1960
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.09 lot acres
- Zone code
- 60
- Property type
- Retail space
- APN
- 064-113-028
- APU
- 64113028
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 9, 2025 | $400,000 | Eknoian Investment Group LLC | Win Management Group INC | Grant Deed | $430k · 2015 Mellon Empire Revocable Trust |
| Jan 18, 2022 | $395,000 | Win Management Group INC | Vernon Russell Waymire | Grant Deed | $326k · Socotra Reit I LLC |
| Aug 14, 2015 | $350,000 | Waymire Family Trust | Pearson Alfred H | Grant Deed | — |
Description
This exceptional investment opportunity presents a 3,000 square foot storefront located at 148 N Ocean Ave, Cayucos, CA 93430. The property is situated on a 0.09-acre lot and boasts a 99.1-year triple net (NNN) lease with 77.2 years remaining, commencing January 15, 2003, and expiring January 14, 2102. The current tenant maintains 100% occupancy, generating a Net Operating Income (NOI) of $21,222 annually. The asking price is $600,000, translating to $200 per square foot. This single-tenant retail space benefits from annual CPI rent increases, offering a stable and predictable cash flow stream. Its prime location along Ocean Avenue, just a block from Cayucos Beach and Pier, within the thriving San Luis Obispo County tourist area (7 million annual visitors), ensures high visibility and foot traffic. The property's proximity to Morro Bay and San Luis Obispo, along with its adjacency to the iconic Highway 1, further enhances its appeal. This presents a rare opportunity to acquire a long-term, low-risk, high-return investment in a desirable coastal California location. The property's strong operating history (22+ years) and below-market rent provide significant upside potential. The absolute NNN lease structure eliminates landlord responsibilities, making this an ideal passive income investment.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cayucos
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.905
- Latitude
- 35.4494
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
