Property Photo: 230 Stimson Avenue 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 (43 Days)

$3,690,000

4,000

SQFT

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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 Sep 8 2024 at 2:37 AM GMT+0000

Bathroom Details

Interior Features

Laundry: Washer Hookup

Subdivision

Pismo Beach (360)

Lot Information

11-15 Units/Acre

Heating and Cooling

Wall Furnace
Ductless

Exterior Features

Roof: Asbestos Shingle

Utility Information

Utilities: Water Source: Public, Sewer Connected, Natural Gas Connected, Electricity Connected, Cable Available
Sewer: Public Sewer

Parking

Assigned

Additional Information: Hometown Realty | 805-709-4828

Location

Map View | Street View

Listing to Address

Address to Listing

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Listing Price History

Date

Event

Price

% Change

$ (+/-)

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 CENTURY 21 Real Estate LLC 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.