$1,490,723
$1,650,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
8,280 Sqft Lot
SOLD DATE : 04/18/2024
Key Details
Sold Price $1,490,723
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI24001255
Sold Date 04/18/24
Bedrooms 5
HOA Y/N No
Lot Size 8,280 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to an exceptional investment opportunity just steps away from the "drive on" Pismo Coast State Beach. This unique 5-plex property, comprised of a 2 bedroom 1 bath house and a fourplex, presents an ideal chance for both a residence and income generation. Positioned within a stone's throw of the beach entrance, the small older home is a accompanied by a 4 plex providing diverse options for both tenants and potential rental income. The fourplex consist of two well-appointed 1-bedroom, 1-bathroom apartments and two larger 2-bedroom, 2-bathroom units. Each unit is designed for functionality and comfort, offering a versatile opportunity to cater to different tenant needs. A detached 2 car garage is situated behind the house with alley access and the fourplex has a roof top deck with Ocean Views. Each apartment has a fully equipped kitchen and a fireplace. The apartment building has 6 parking spaces and a laundry room with coin operated washer and dryer. The layout of this property sets the stage for an astute investment strategy, allowing an owner to reside in the main house while leasing out the separate units. Alternatively, one can choose to rent out the entire complex for a robust investment return in this highly sought-after coastal locale.
Welcome to an exceptional investment opportunity just steps away from the "drive on" Pismo Coast State Beach. This unique 5-plex property, comprised of a 2 bedroom 1 bath house and a fourplex, presents an ideal chance for both a residence and income generation. Positioned within a stone's throw of the beach entrance, the small older home is a accompanied by a 4 plex providing diverse options for both tenants and potential rental income. The fourplex consist of two well-appointed 1-bedroom, 1-bathroom apartments and two larger 2-bedroom, 2-bathroom units. Each unit is designed for functionality and comfort, offering a versatile opportunity to cater to different tenant needs. A detached 2 car garage is situated behind the house with alley access and the fourplex has a roof top deck with Ocean Views. Each apartment has a fully equipped kitchen and a fireplace. The apartment building has 6 parking spaces and a laundry room with coin operated washer and dryer. The layout of this property sets the stage for an astute investment strategy, allowing an owner to reside in the main house while leasing out the separate units. Alternatively, one can choose to rent out the entire complex for a robust investment return in this highly sought-after coastal locale.
Location
State CA
County San Luis Obispo
Area Oceano (93445)
Zoning Assessor
Exterior
Exterior Feature Wood
Parking Features Unit1:Assigned
Roof Type Composition
Building
Story 1
Lot Size Range 7500-10889 SF
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with General NONMEMBER • NONMEMBER MRML