230 Stimson Avenue Pismo Beach, California 93449, United States
The Condominium/Co-Op for Sale located at 230 Stimson Avenue Pismo Beach California 93449 is currently for Sale, 230 Stimson Avenue Pismo Beach California 93449 is listed for $3,490,000. If the property located at 230 Stimson Avenue Pismo Beach California 93449 isn't what you're looking for, search California Real Estate to see other Homes for Sale in Pismo Beach .
MLS#: PI24153716
$3,490,000 USD
- Type
- Apartment
Property features
Construction details
- Year built
- 1950
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.