230 Stimson Avenue, Pismo Beach, CA 93449
  • MLS#: PI24153716 ( Apartment )
  • Street Address: 230 Stimson Avenue
  • Viewed: 1
  • Price: $3,490,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 112
  • 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
Building Area Total
  1. 4000.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Cooling
  1. None
Country
  1. US
Days On Market
  1. 111
Electric Expense
  1. 0.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Rental Rate
  1. 125.00
Garage Spaces
  1. 4.00
Heating
  1. Ductless
  2. Wall Furnace
Insurance Expense
  1. 0.00
Laundry Features
  1. Washer Hookup
Lockboxtype
  1. None
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 134400.00
Parcel Number
  1. 005136003
Parking Features
  1. Assigned
Pool Features
  1. None
Postalcodeplus4
  1. 2648
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Asbestos Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 419746600:CRM
Subdivision Name Other
  1. Pismo Beach (360)
Taxblock
  1. 15
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 9700.00
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Connected
Waterfront Features
  1. Ocean Side of Freeway
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1950
Year Built Source
  1. Public Records
Zoning
  1. R4