$1,950,000
$1,999,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 04/06/2020
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Pismo Beach (360)
MLS Listing ID PI20009640
Sold Date 04/06/20
HOA Y/N No
Year Built 1987
Lot Size 7,405 Sqft
Acres 0.17
Property Description
An excellent investment property two blocks from the beach in Downtown Pismo Beach, Ca., consisting of 5 fully-furnished apartment units, 6 single-car garages, 3 guest parking spaces, and a 200 sf (+/-) storage room, and a laundry room with owner-owned coin-op laundry as an additional source of income, and all of this walking distance to the beach and all of the nearby shops and restaurants.
There is one 2bd/2a, one 2bd/1ba, and three 1bd/iba. The front two units have nice ocean views, and the rear unit also has a bit of a view down the rear yard. These units function well as year-round, or short-term vacation rentals. The current tenants pay their own gas, electric, and cable as the units are separately metered. There are also separate water meters for each unit and one house meter, but, the current owners do pay all of the water, as well as trash and sewer.
The current owners take meticulous care of this property - health forces the sale.
Please do not disturb the tenants and please allow 72 hours to schedule showings.
Location
State CA
County San Luis Obispo
Area Psmo - Pismo Beach
Zoning RR
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Natural Gas, Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Garage Assigned, Door-Single, Garage, Garage Door Opener
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking, Curbs, Dog Park, Foothills, Fishing, Golf, Hiking, Preserve/Public Land, Street Lights, Suburban, Sidewalks, Water Sports
View Y/N Yes
View Ocean
Parking Type Assigned, Door-Single, Garage, Garage Door Opener
Total Parking Spaces 6
Private Pool No
Building
Lot Description 26-30 Units/Acre
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 005131031
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Mark Burnes • Burnes Commercial Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "