This exceptional mixed-use property in Oceano, CA, presents a unique investment opportunity. Located at 1506 Railroad Street, this 4,320 square foot building sits on a 0.1-acre lot and boasts a prime commercial services (CS) zoning designation. Constructed in 1991, the two-story steel structure offers remarkable adaptability for a variety of business ventures, investment portfolios, or personal use. The exterior features fencing on two sides, convenient covered rear parking, and concrete approaches at both the front and rear. A significant advantage is the inclusion of a two-year-old, fully paid-for solar energy system, providing ample electricity for the entire building and including backup storage panels for extended power supply. The lower level, encompassing 2,160 square feet, is currently configured as a blend of office/retail space and a garage workshop, complemented by two half-bathrooms. Upstairs, accessible via a private entrance, is a completely remodeled one-bedroom apartment, along with several additional rooms suitable for bedrooms or offices, and two full bathrooms. A beautiful deck extends from the apartment, offering stunning views and the calming sounds of the nearby ocean. The steel construction allows for flexible configuration to suit diverse needs. This property's combination of location, size, features, and zoning makes it an attractive proposition for discerning buyers.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$450,136
6.5%
$415,510
7%
$385,831
Comparable approach
Method
Valuation
Relative Method
$722,804
Geo Method
$1,035,079
Alternative Use
Use
Valuation
Residential
$350,499
Hospitality
$321,055
Educational
$267,114
Medical
$276,300
Retail
$415,510
Location Insight
City
Oceano
County
San Luis Obispo
State
California
Latitude
35.1033
Longitude
-120.621
CBSA code
42020
CBSA name
SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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