230 Stimson Avenue
$3,490,000
8
8
4,000
4,000
$873
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,...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.
- Listed by James Kelsey • DRE #01354722 • Brokerage DRE #01450133 • Century 21 Hometown Realty, Arroyo Grande Office • 805-709-4828
Property Details for 230 Stimson Avenue
Parking Spaces Total
4
Private PoolNo
Cooling TypeN/K
Total Units7.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4000
Assessor Parcel Number005136003
LISTING UPDATED: 12/11/2024 09:46 AM
Property Details for 230 Stimson Avenue
Status | Active |
---|---|
MLS # | PI24153716 |
Days on Market | 115 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1950 |
County | San Luis Obispo County |
Building Information for 230 Stimson Avenue
Building/Complex230 Stimson AveFloor-Stories2Residences-Pet Policy-Year Built1950Building Size-
Property Information for 230 Stimson Avenue
Property History for 230 Stimson 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 230 Stimson Avenue
Taxable ValueLand$1,248,480Additions$1,040,400Total$2,288,880
Tax Record2024$24,877 ($2,073 / month)
Home Facts
Total Finished SqFt3,998 SqFtAbove Grade Finished SqFt3,998 SqFtLot Size10,875 SqFtStyleMulti-Family Res (5+ Units)ZoningR4CountySAN LUIS OBISPOAPN005-136-003
Schools near 230 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.
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