230 Stimson Avenue
Pismo Beach, CA 93449
$309,000.00 (-8.13%)
Active for $3,490,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 10,875 sqft
| MLS | PI24153716 |
| Year Built | 1950 |
| Property Type | Apartment |
| County | San Luis Obispo |
| Status | Active |
| Active | $3,490,000 |
| Structure Size | N/A sqft |
| Lot Size | 10,875 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: James Kelsey, Century 21 Hometown Realty, Arroyo Grande Office . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Sasan Mirtorabi
REALTOR®
Direct: 310.987.3644
Email: Email Me
DRE: 02238849
DRE #01873088
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