858-525-5007

230 Stimson, Pismo Beach CA 93449 | $3,490,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 10875 Lot Sq Ft
  • Type: Apartment
  • Stories: 2
  • Year Built: 1950
  • MLS#: PI24153716
  • Community: PSMO - Pismo Beach

Listing provided courtesy of James Kelsey of Century 21 Hometown Realty, Arroyo Grande Office. Last updated 2024-11-29 09:11:24.000000. Listing information © 2024 SANDICOR.

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.

More Details

0.25 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985