230 Stimson Avenue, Pismo Beach, CA 93449
  • MLS#: PI24153716 ( Multi-Family )
  • Street Address: 230 Stimson Avenue
  • Viewed: 15
  • Price: $3,490,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 213
  • Additional Information
  • County: SAN LUIS OBISPO
  • City: Pismo Beach
  • Zipcode: 93449
  • Subdivision: Pismo Beach (360)
  • Provided by: Century 21 Hometown Realty, Arroyo Grande Office
  • Contact: James James
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Property Type
  1. Multi-Family
Views
  1. 15