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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.
| Last Updated | 9/16/2024 | Tract | Pismo Beach (360) |
|---|---|---|---|
| Year Built | 1950 | Community | Pismo Beach |
| Garage Spaces | 4.0 | County | San Luis Obispo |
Price History
| Prior to Aug 2, '24 | $3,799,000 |
|---|---|
| Aug 2, '24 - Sep 16, '24 | $3,690,000 |
| Sep 16, '24 - Today | $3,490,000 |
Additional Details
| 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 |
Location
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/14/25 5:21 PM 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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