51 South Ocean Avenue
51 South Ocean Avenue
$5,800,000
6
7
3,748
3,748
$1,547
Description
Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique...Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.
- Listed by Frankie Ciano • DRE #01412309 • Brokerage DRE #01937353 • Ciano Real Estate, Inc. • 805-748-1026
Property Details for 51 South Ocean Avenue
Architectural Style
Spanish
ViewOcean
Parking Spaces Total2
Private PoolNo
Cooling TypeN/K
Total Units5.0
Building TypeDetached
Lot Size SourceAssessor
Location
LISTING UPDATED: 02/21/2024 10:41 PM
Property Details for 51 South Ocean Avenue
Status | Active |
---|---|
MLS # | SC24035889 |
Days on Market | 112 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1938 |
Lot Size | 0.23 AC / 10,019 SF |
County | San Luis Obispo County |
Location
Building Information for 51 South Ocean Avenue
Stories1Year Built1938Building Size-Lot Size0.23 AC / 10,019 SF
Payment Calculator
$33,087 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 51 South Ocean Avenue
Property History for 51 South Ocean Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 51 South Ocean Avenue
Taxable ValueLand$765,000Additions$785,200Total$1,550,200
Tax Record2023$17,210 ($1,434 / month)
Home Facts
Total Finished SqFt1,176 SqFtAbove Grade Finished SqFt1,176 SqFtLot Size10,019 SqFtStyleHotel / MotelYear Built1948ZoningCRCountySAN LUIS OBISPOAPN064-125-040
Schools near 51 South Ocean Avenue
This home is within Cayucos Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 |
Rating | School | Distance |
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Cayucos Elementary School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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