230 Stimson Avenue Active

Pismo Beach,CA 93449

$ 3490000

- Bed

0 Bath

4000 SqFt


Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $872

MLS Listing ID PI-24153716

Year Built 1950

Lot Size 10,875 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

Zoning R4

Interior

Heating Ductless,Wall Furnace

Cooling None

Fireplaces Type None

Laundry Washer Hookup

Exterior

Parking Features Assigned

Garage Spaces 4.0

Pool None

Community Features Curbs,Street Lights

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

Building

Lot Description 11-15 Units/Acre

Sewer Public Sewer

View More
Favorite Go Tour