230 Stimson AVE, Pismo Beach, CA 93449 – PI24153716

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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 3,490,000

Est. payment | -/mo

10,876 Sqft Lot

Save

$ 3,490,000

Est. payment | -/mo

Save

10,876 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Pismo Beach (360)

MLS Listing ID PI24153716

HOA Y/N No

Year Built 1950

Lot Size 10,876 Sqft

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

Zoning R4

Interior

Heating Ductless, Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Washer Hookup

Exterior

Garage Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Street Lights

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected

Waterfront Description Ocean Side Of Freeway

Roof Type Asbestos Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 005136003

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by James Kelsey • Century 21 Hometown Realty, Arroyo Grande Office • 805-709-4828

+1(619) 507-4230

tracy@tracybbaker.com

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