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Listed by James Kelsey • Century 21 Hometown Realty, Arroyo Grande Office
$3,490,000
Est. payment /mo
4,000 SqFt
Active
230 Stimson Avenue Pismo Beach, CA 93449
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UPDATED:
01/22/2025 07:19 PM
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