RARE OPPORTUNITY TO PURCHASE THIS LEGACY PROPERTY. IT IS A 7 UNIT MULTI FAMILY COMPLEX, ONE BLOCK FROM THE BEACH, IN THE DOWNTOWN CORE OF PISMO BEACH. THER ARE 3 STAND ALONE UNITS, A DUPLEX, AND 2 UNITS AT REAR OF THE PROPERTY. THERE ARE 4 GARAGES THAT ARE RENTED OUT AS WELL. RENTS ARE BELOW MARKET, BUT HUGE UPSIDE POTENTIAL, WITH THE CITY ALLOWING UP TO 4 SHORT TERM RENTAL LICENSES FOR THE PROPERTY. CURRENT MARKET RENTS TOTAL $18,000 PER MONTH. THE UNIT MIX IS, 4- 1 BED,1 BATH, 1-2 BED, 2 BATH, 1 -STUDIO AND A 2 BED, 1 BATH HOUSE, WITH A FENCED FRONT YARD.THIS PROPERTY WOULD BE A GREAT BEACH GETAWAY, WITH PLENTY OF ROOM TO STORE THE BEACH TOYS AND STILL GENERATE VACATION RENTAL INCOME.
Property Details
Price:
$3,490,000
MLS #:
PI24153716
Status:
Active
Baths:
0
Address:
230 Stimson Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Pismo Beach 360
Neighborhood:
psmopismobeach
City:
Pismo Beach
Listed Date:
Jul 26, 2024
State:
CA
ZIP:
93449
Lot Size:
10,875 sqft / 0.25 acres (approx)
Year Built:
1950
See this Listing
Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Ductless, Wall Furnace
Exterior
Community Features
Curbs, Street Lights
Garage Spaces
4.00
Lot Features
11-15 Units/ Acre
Parking Features
Assigned
Parking Spots
4.00
Pool Features
None
Roof
Asbestos Shingle
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Map
Community
- Address230 Stimson Avenue Pismo Beach CA
- AreaPSMO – Pismo Beach
- SubdivisionPismo Beach (360)
- CityPismo Beach
- CountySan Luis Obispo
- Zip Code93449
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Courtesy of Century 21 Hometown Realty, Arroyo Grande Office. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.230 Stimson Avenue
Pismo Beach, CA
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