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.
|
DAYS ON MARKET
|
123
|
LAST UPDATED
|
9/16/2024
|
|
TRACT
|
Pismo Beach (360)
|
YEAR BUILT
|
1950
|
|
COMMUNITY
|
Pismo Beach
|
GARAGE SPACES
|
4.0
|
|
COUNTY
|
San Luis Obispo
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Aug 2, '24
|
$3,799,000
|
|
Aug 2, '24 - Sep 16, '24 |
$3,690,000
|
| Sep 16, '24 - Today |
$3,490,000 |
| AIR |
None |
| AREA |
Pismo Beach |
| GARAGE |
Assigned, Yes |
| HEAT |
Ductless, Wall Furnace |
| LOT |
10875 sq ft |
| LOT DESCRIPTION |
11-15 Units/Acre |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Pismo Beach (360) |
| UTILITIES |
Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Ocean Side Of Freeway |
| ZONING |
R4 |
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Listed with Century 21 Hometown Realty, Arroyo Grande Office
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/24 6:28 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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