5
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Listed by James Kelsey • Century 21 Masters
$2,899,000
Est. payment /mo
3,998 SqFt
Pending
230 Stimson Pismo Beach, CA 93449
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Pending
Purchase Type For Sale
Square Footage 3,998 sqft
Price per Sqft $725
MLS Listing ID PI-26004658
Year Built 1941
Lot Size 10,875 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
Location
State CA
County San Luis Obispo
Area Psmo - Pismo Beach
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry In Carport
Exterior
Parking Features Assigned
Garage Spaces 4.0
Pool None
Community Features Curbs, Sidewalks, Street Lights
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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