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Incredible ocean views just over a block from the sand! 351 San Luis Avenue offers a rare opportunity to own a versatile coastal property in the heart of Pismo Beach. Ideally located within walking distance to the pier, downtown shops, and restaurants, this property captures the essence of beachside living while delivering strong income potential. The property consists of five residential units, including a one-bedroom unit, three studio units, and a larger upper-level studio with a private balcony showcasing sweeping ocean views. From this elevated vantage point, enjoy breathtaking sunsets over the Pacific and front-row views of the Fourth of July fireworks over the Pismo Pier. Whether you're looking to invest or live onsite, you have the flexibility to choose your preferred unit to owner-occupy while generating income from the others, all while taking full advantage of the property's standout coastal views. Additional features include a one-car garage, a shared outdoor patio area ideal for relaxing or entertaining, a coin-operated laundry room, and a separate storage shed. The garage, laundry, and storage shed are all currently rented, providing additional income streams beyond the residential units. The property has seen recent improvements including a new roof and balcony railing, newer exterior paint, and updates to plumbing and electrical systems, enhancing both functionality and long-term value. With limited multifamily inventory in this highly desirable coastal community, the property benefits from strong tenant demand and long-term upside. Whether you're seeking a primary residence with rental income, a vacation property, or a solid investment, 351 San Luis offers a unique blend of location, income, and exceptional ocean-view living in one of the Central Coast's most sought-after markets.
| Last Updated | 4/3/2026 | Tract | Pismo Beach (360) |
|---|---|---|---|
| Year Built | 1949 | Community | PSMO - Pismo Beach |
| Garage Spaces | 1.0 | County | San Luis Obispo |
Additional Details
| AIR | None |
|---|---|
| AREA | PSMO - Pismo Beach |
| CONSTRUCTION | Stucco, Wood Siding |
| EXTERIOR | Awning(s), Balcony, Rain Gutters |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| INTERIOR | Master Downstairs |
| LOT | 5332 sq ft |
| LOT DESCRIPTION | Irregular Lot |
| LOT DIMENSIONS | 5331 |
| PARKING | Assigned, Garage Faces Front, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | One, Two |
| SUBDIVISION | Pismo Beach (360) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| WATERFRONT DESCRIPTION | Beach Access, Ocean Access |
Location
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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 4/4/26 4:54 AM PDT 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
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