230 Stimson AVE Active Save Request In-Person Tour Request Virtual Tour
Pismo Beach,CA 93449
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Pismo Beach (360)
MLS Listing ID PI24153716
Year Built 1950
Lot Size 10,876 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
Area Psmo - Pismo Beach
Zoning R4
Interior
Heating Ductless,Wall Furnace
Cooling None
Fireplaces Type None
Laundry Washer Hookup
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs,Street Lights
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected
Waterfront Description Ocean Side Of Freeway
Roof Type Asbestos Shingle
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard