Active

230 Stimson Avenue

Pismo Beach CA, 93449

$3,490,000


$872.50 per sqft

Active

4,000 sqft

Condos

Built in 1950

Listed by James Kelsey with Century 21 Hometown Realty, Arroyo Grande Office 805-709-4828

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.

PI24153716

MLS ID

July 26, 2024

Listed

October 18, 2024

Updated

Map

230 Stimson Avenue
Pismo Beach CA, 93449

Interior Features

Total Stories

2


Laundry Description

Washer Hookup


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Ductless, Wall Furnace

Exterior/Building Features

Lot Size

0.25 Acres


Lot Features

11-15 Units/Acre


Roof

Asbestos Shingle


Sewer

Public Sewer

Other Property Details

Area Name

PSMO - Pismo Beach


Days on Market

83


Garage

Yes


Garage Spaces

4


Parking

Assigned


Parking Total

4


View

No


County

San Luis Obispo


Water Source

Public


Pool

No


Pool Features

None


Waterfront

Yes


Zoning

R4

Listing History

Date

Event

Price

9/17/2024

Price change

$3,490,000

-6%

8/2/2024

Price change

$3,690,000

-3%

Listing Contact: 805-489-2100 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/18/2024 at 12:55 PM UTC

 

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