5 Multi-Unit & Income-Producing Homes for Sale on the Central Coast 💰🏡
- Justin Stoner
- Feb 8
- 3 min read
Investing in real estate on the Central Coast can provide passive income, multi-generational living options, or a chance to house-hack while enjoying the benefits of ownership. Whether you're looking for a vacation rental, an ADU (Accessory Dwelling Unit), or a property with multiple living spaces, these multi-unit and income-producing properties are great opportunities.
From Pismo Beach to Arroyo Grande, these properties offer rental potential, flexibility, and strong locations, making them ideal for investors, homebuyers looking for rental income, or families needing extra space. Let’s dive into the best multi-unit properties available right now!
Want to own a vacation home that pays for itself? This Pismo Beach condo-tel unit lets you enjoy personal use while generating rental income when you’re not there!
Key Features:
✅ 1 bedroom, 1 bath, 621 sq. ft.
✅ Part of the Sea Gypsy Motel – fully managed for passive income
✅ Steps from Pismo Beach Pier & downtown restaurants 🍽️
✅ Rental revenue potential with a hands-off management system
✅ Ocean & pier views from the second-floor unit
Why It’s a Great Buy:
Beachfront location with built-in rental income!
Great for out-of-town buyers looking for a low-maintenance investment.
No need to manage bookings—the motel does it for you.
🎯 Best For: Investors wanting an easy, hands-off rental property or vacation home buyers looking for a unit that pays for itself.
A move-in ready condo in Oceano that could work as a long-term rental or short-term vacation rental.
Key Features:
✅ 3 bedrooms, 1.5 baths, 1,161 sq. ft.
✅ Private gated courtyard for extra security
✅ New vinyl plank flooring & fresh paint throughout
✅ Low-maintenance property with an attached garage 🚗
✅ Close to Pismo Beach, sand dunes, and hiking trails
Why It’s a Great Buy:
Updated, move-in ready—no renovations needed!
Can be a long-term rental or short-term vacation property.
Desirable location near the beach, which increases rental value.
🎯 Best For: First-time investors or buyers looking for an easy rental opportunity with low maintenance.
This equestrian estate is not only perfect for horse lovers—it also offers multiple income streams from rental opportunities and land use potential.
Key Features:
✅ Main residence + separate ranch-hand quarters
✅ Barns, pastures, and RV hookups for potential rental income
✅ RV pad with full hookups for guest or tenant use 🚐
✅ Expansive 10.7-acre property with stunning views 🌿
Why It’s a Great Buy:
Rent out the ranch-hand quarters for additional income.
Income potential from boarding horses or leasing land.
Perfect for multi-generational living with separate living spaces.
🎯 Best For: Buyers who want a working ranch, equestrian property, or a multi-unit setup with rental income potential.
This stunning ocean-view home offers a separate living space that can be rented out or used for extended family.
Key Features:
✅ 4 bedrooms, 3.5 baths, 2,765 sq. ft.
✅ Granny unit with a private entrance, kitchen, and bathroom
✅ Luxury finishes, multiple fireplaces, and an elevator
✅ Panoramic ocean views from multiple rooms 🌊
Why It’s a Great Buy:
Multi-generational living or rental income from the separate unit.
Elevator provides accessibility for all ages.
High-end finishes make it desirable for long-term tenants or vacation rentals.
🎯 Best For: Buyers looking for a high-end home with an income-producing unit or space for extended family.
A budget-friendly home with a massive lot, perfect for adding an ADU or multi-unit conversion.
Key Features:
✅ 4 bedrooms, 2 baths, 1,200 sq. ft.
✅ Huge 14,000 sq. ft. lot with no HOA restrictions 🏡
✅ Quiet cul-de-sac location with privacy
✅ Recent upgrades including a new roof and remodeled kitchen
Why It’s a Great Buy:
Room to build an ADU for rental income.
Could be converted into a multi-unit property.
Great location near beaches, shopping, and dining.
🎯 Best For: Investors or buyers looking to expand a property for rental income or multi-unit use.
🏡 Ready to Invest in a Multi-Unit Property?
These income-producing homes offer flexibility, investment potential, and rental income opportunities, making them perfect for:
✅ First-time investors looking for a rental property
✅ House hackers who want to live in one unit & rent out another
✅ Multi-generational families needing separate living spaces
✅ Vacation rental investors looking for properties in high-demand areas
📍 Want to tour one of these properties? DM me or call today to discuss your investment goals and schedule a showing!
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