230 Stimson Avenue Pismo Beach, CA 93449
Listing Courtesy of: CRMLS / Century 21 Hometown Realty / James "Jim" Kelsey - Contact:  805-709-4828

  230 Stimson Avenue Pismo Beach, CA 93449

Active (120 Days)
$3,490,000

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.

MLS #:
PI24153716
Lot Size
0.25 acres
Type
Multifamily
Year Built
1950
County
San Luis Obispo County
Community
Pismo Beach (360)

Listed By

James "Jim" Kelsey, DRE #01354722 CA, Century 21 Hometown Realty, Contact: 805-709-4828
Source
CRMLS
Last checked Dec 22 2024 at 3:26 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Washer Hookup
Subdivision
  • Pismo Beach (360)
Heating and Cooling
  • Ductless
  • Wall Furnace
Exterior Features
  • Roof: Asbestos Shingle
Utility Information
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Source: Public
  • Sewer: Public Sewer
Parking
  • Assigned
Additional Information: Hometown Realty | 805-709-4828
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 17, 2024
Price Changed
$3,490,000
-5%
-200,000
Aug 02, 2024
Price Changed
$3,690,000
-3%
-109,000
Jul 26, 2024
Original Price
$3,799,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Real Estate Alliance and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.