Homes for sale - 230 Stimson, Pismo Beach, CA 93449

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Eva Nelson

soldbyevanelson@gmail.com +1(805) 354-8608

$ 3,160,000

Est. payment | -/mo

10,876 Sqft Lot

Save

$ 3,160,000

Est. payment | -/mo

Save

10,876 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Pismo Beach (360)

MLS Listing ID PI26004658

HOA Y/N No

Year Built 1941

Lot Size 10,876 Sqft

Property Sub-Type Mixed Use

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

Area Psmo - Pismo Beach

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry In Carport

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 005136003

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

Listed by James Kelsey Century 21 Masters-Arroyo Grande 805-709-4828

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 354-8608

soldbyevanelson@gmail.com

195 Main St, Pismo Beach, CA, 93449-2628, USA

230 Stimson Pismo Beach, CA 93449