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About This Home
This 8-bedroom, 8-bathroom residential multi family at 230 Stimson in Pismo Beach, CA is listed for $2,899,000 ($725 per sqft). Built in 1941, the home offers 3,998 sqft of living space on a 0.25 acres lot.
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.
Key Features
- Built in 1941
- 0.25 acre lot
- 2 stories
- 4 parking spaces
Property Details
Monthly Cost Estimate
$15,504/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
230 Stimson
Pismo Beach, CA 93449
Pismo Beach (360)
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Cooling
Questions & Answers
This 8-bedroom, 8-bathroom residential multi family at 230 Stimson is listed at $2,899,000 ($725/sqft). The estimated monthly payment is $12,562 based on 20% down at 6.5% interest.
Key features include: Built in 1941, 0.25 acre lot, 2 stories, 4 parking spaces. Exterior Features: Community Features Included: Curbs, Street Lights, Sidewalks.
This property is listed by James Kelsey and can be reached at 8057094828 or jim.kelsey1@gmail.com.