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  • Writer's pictureJustin Stoner

Four income properties for sale on the Central Coast | Oceano Rental Property Hotsheet

Updated: Feb 21



If you are interested in income properties on the Central Coast, here are four that caught my eye.


Quaint Craftsman Gem Offers Endless Possibilities Near the Beach


Nestled on an expansive lot just minutes from Pismo Beach, this charming property offers the best of country and coastal living. With two adorable homes, a showstopping 4-car garage, and a huge lot with room to grow, 1120 Maple Street is truly a rare find.





Just Imagine the Possibilities!

  • Two single-story homes - darling 1940s front bungalow plus fully renovated 2 bed/1 bath in back

  • Massive detached garage (1,500 sq ft) is a craftsman dream with high-end finishes

  • Huge lot over 16,800 sq ft - potential to add ADUs or subdivide

  • 5 min to the beach, 10 min to wineries, shops & restaurants

This thoughtfully designed property seamlessly blends vintage charm and contemporary style.


Inside the Meticulously Renovated Garage:

  • Diamond polished concrete floors

  • Custom LED lighting

  • New windows

  • Rear covered patio for outdoor living

The vintage front bungalow features original details plus updates like new windows. Charming!


The rear home was fully modernized in 2018 with gorgeous finishes:

  • Sleek contemporary kitchen with granite & stainless

  • Wood-look luxury vinyl plank floors

  • Recessed lighting

  • Tankless water heater

Truly a one-of-a-kind property in a fantastic location! This unicorn offers income potential plus room to grow near the beach.


Buyer's Agent: Justin Stoner, Central Coast Sotheby's Int'l Realty DRE# 02208362

(805) 440-8104


Listing Agent: J Andrew A Arlegui, License 02083979, Equity Union Real Estate Services 805-888-1858


Prime Grover Beach Mixed-Use Offers Turnkey Income Near the Beach


Perfectly positioned on a high-visibility corner lot, this mixed-use building offers excellent income potential just blocks from the beach in vibrant Grover Beach. With two apartments, two commercial units and room to customize, 702 S 13th Street gives you the flexibility to work, live and play steps from the sand and surf.





Turnkey Opportunity in Fantastic Location

  • Fully occupied with long-term tenants

  • Concrete block construction = low maintenance

  • 2 bed/2 bath apartments rent for $1,200-$1,300/month

  • 5,663 sq ft lot on bustling 13th Street

  • Beach, shops, restaurants just minutes away

Customize this mixed-use asset to suit your needs:

  • Add an accessory dwelling unit (ADU)

  • Convert commercial to residential

  • Ideal for live/work lifestyle


Don't miss this chance to own an income property near the coast with flexible options to add value!


Buyer's Agent: Justin Stoner, Central Coast Sotheby's Int'l Realty DRE# 02208362

(805) 440-8104


Listing Agent: John Cole, License 01939498, Allan Real Estate Investments 805-473-7500.


Rare Oceano 5-Plex Steps from the Sand Offers Ideal Residence Plus Income


Just a stone's throw from the drive-up beach entrance, this outstanding 5-plex presents a prized opportunity to own a home and generate robust rental income steps from the surf and sand. Featuring a quaint 2BR/1BA house plus fully-equipped 4-unit apartment building, 385 McCarthy Avenue allows you to reside on site while cash-flowing in an incredible location.





  • Charming main house with fireplace, deck, 2-car garage

  • Beautiful 4-plex with 1 & 2 BR units, fireplaces, laundry

  • Panoramic ocean views from rooftop deck

  • 8 parking spaces, detached 2-car garage -QuerySet on large 8,280 sq ft lot

Collect rents or utilize the ample space yourself in this versatile, move-in ready property:

  • Currently generating $135K gross rental income

  • Multiple units vacant for easy showings & customization

  • Flexible layout accommodates different needs


Don't miss this chance to own a turnkey Oceano income property and home just footsteps from the Pacific Ocean!


Buyer's Agent: Justin Stoner, Central Coast Sotheby's Int'l Realty DRE# 02208362

(805) 440-8104


Listing Agent: Dick Keenan, License 00860187, Keller Williams Realty Central Coast 805-801-9032.


Sweeping Ocean Views from Stunning Oceano Triplex with Flexible Options


This recently built triplex serves up front-row ocean views with flexible usage - the best of both worlds! Ideally set on a nearly 6,000 sq ft lot on Strand Way, 1111 offers three fully upgraded units steps from expansive strand and dune views. Utilize as a family compound, generate rental income or mix short and long-term stays.





  • Contemporary open design with 2 and 3 BR floorplans

  • Grey LVP floors, recessed lighting, new fans

  • Spacious balconies capture sweeping coastal vistas

  • Ample garage parking, private yard

  • Prime beach location near Pismo Dunes preserve

Customized for comfort, amenities include:

  • Electric appliances, tankless water heaters

  • Gas fireplaces, wired for sound

  • Electric solar power system

  • Possible to add hot tub/pool

Flexible Options for Usage:

  • Occupy one unit as a stunning beach residence

  • Rent all units for robust cash flow

  • Mix long-term and short-term vacation rentals


This beautiful triplex combines modern luxury with a legacy beach setting - all just steps from the Pacific Ocean.


Buyer's Agent: Justin Stoner, Central Coast Sotheby's Int'l Realty DRE# 02208362

(805) 440-8104


Listing Agent: Abel Contreras, License 02062620, Invest SLO805-709-7143!

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