230 Stimson Avenue Pismo Beach CA 93449 MLS #PI24153716

230 Stimson Avenue
Pismo Beach, CA, 93449
$3,490,000
Beds
0 Baths
SqFt
0.25 Acres
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
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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

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230 Stimson Avenue
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