There are a only a few Residential, Commercial, and Multi-Family Oceano Land and Lots available, as most of the city has been built on already. What’s left may be a good investment.
If you can find Oceano Land or a lot that fits your needs today, you will probably discovery lower prices compared to other coastal areas. That will change in the future, as Oceano is an up and coming city. Property values are increasing at the same rate as other Central Coast cities, so lower prices soon may soon be a thing of the past.
It would be worth looking at Oceano Land or Lots for sale, but if you cannot find what you need, there are plenty of Oceano Homes for sale that tend to be relativity lower priced as well.