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