175 Stimson Avenue

Pismo Beach, CA 93449

$5,700,000
Price
6
Beds
8
Baths
6,204 Sq. Ft.
$919 / Sq. Ft.
6,204
Sq. Ft.
$919
per Sq. Ft.

Description

Welcome to this amazing location in Pismo Beach for a 7-unit apartment building 1/2 block to the boardwalk in Downtown Pismo Beach. One 3 bedroom/2 bath unit, five 2 bedroom/1 bath units and one 1 bedroom. Two of the 2 bedroom/1 bath units have been renovated in 2024. Covered on site private parking with gated entry. On site laundry room, currently coin operated.Welcome to this amazing location in Pismo Beach for a 7-unit apartment building 1/2 block to the boardwalk in Downtown Pismo Beach. One 3 bedroom/2 bath unit, five 2 bedroom/1 bath units and one 1 bedroom. Two of the 2 bedroom/1 bath units have been renovated in 2024. Covered on site private parking with gated entry. On site laundry room, currently coin operated.
  1. Listed by Aaron Graves • DRE #01787901 • Brokerage DRE #02016262 • EverlyGrove • 805-704-0334

Property Details for 175 Stimson Avenue

View
Coastline, Ocean
Parking Spaces Total
15
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6204
Assessor Parcel Number
005152019
LISTING UPDATED: 12/12/2024 08:46 AM

Property Details for 175 Stimson Avenue

StatusActive
MLS #SC24248865
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1983
CountySan Luis Obispo County

Building Information for 175 Stimson Avenue

Building/Complex175 Stimson AveFloor-Stories2Residences-Pet Policy-Year Built1983Building Size-

Property Information for 175 Stimson Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $267,900
  • Gross Scheduled Income: $267,900
  • Net Operating Income: $235,978
Expense Details
  • Operating Expense: $31,922
  • Fuel Expense: $1,029
  • Electric Expense: $575
  • Insurance Expense: $4,500
  • Maintenance Expense: $3,270
  • Professional Management Expense: $17,903
  • Trash Expense: $0
  • Water Sewer Expense: $4,645
  • Total Expenses: $31,922
Tax / Assessment Info
  • Tax Block: 12
  • Tax Census Tract: 117.04
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Preserve/Public Land, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Inside
Exterior Features
  • Entry Location: 1
  • View Description: Coastline, Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft, Paved
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Carport, Gated, Parking Space
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 7
  • Parking Features: Assigned, Carport, Covered, Asphalt, Paved, Gated, On Site, Parking Space
Property / Structure Info
  • Builders Tract Name: Pismo Beach
  • Builders Tract Code: Pismo Beach (360)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,250
  • Unit Type Total Rent: $3,250
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,150
  • Unit Type Total Rent: $15,750
  • Unit Type Pro Forma: 21000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 175 Stimson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 175 Stimson Avenue

Taxable ValueLand$1,600,000Additions$2,550,000Total$4,150,000
Tax Record2024$44,635 ($3,720 / month)
Home Facts
Lot Size11,409 SqFtStyleMulti-Family Res (5+ Units)ZoningR4CountySAN LUIS OBISPOAPN005-152-019

Schools near 175 Stimson Avenue

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Shell Beach Elementary School
PublicK to 6

Judkins Middle School
Public7 to 8

Arroyo Grande High School
Public9 to 12

Lopez Continuation High School
Public9 to 12

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.

Similar Homes

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175 Stimson Avenue is a multi-family home for sale in Pismo Beach, CA 93449. This property was listed for sale on November 15, 2024 by EverlyGrove, it's currently listed at $5,700,000. It has been on the market for a total of 5 days and was last sold on July 14, 2023. This listing's school district is Lucia Mar Unified School District. Nearby schools include Shell Beach Elementary School, Judkins Middle School and Arroyo Grande High School. 175 Stimson Avenue is a 6-bed, 8-bath, 6,204 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EverlyGrove, Aaron Graves, DRE #01787901

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.