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.
Marketing Remarks: great location just a little over a block from the ocean! this could be the coolest property in downtown Pismo. one car garage on the street to store your toys, with 5 residential units. the unit mix is a 1 bed, 3 small studios, and one larger 2nd story studio with a balcony facing the ocean, perfect for an owner user. there is also a large private community patio to chillax and bbq on. this is a little oasis property in the heart of downtown pismo beach!
Welcome to your own coastal getaway, just steps from the iconic Pismo Beach Pier and downtown’s bustling shops and restaurants. This beautifully furnished condo offers more than just a vacation home—it's a chance to own part of a fully managed motel. Enjoy personal use of your unit whenever you like (some usage restrictions and fees apply), and the motel rents it out when you're not there. Motel management handles everything from guest bookings to maintenance. As an owner, you'll benefit from the potential for quarterly profit distributions. This hands-off investment lets you savor beachfront vacationing while generating income. Quarterly owners' meetings provide insight into your investment, ensuring peace of mind. Located on the second floor, this unit offers partial ocean views and a peek-a-boo view of the pier. The flexible 1-bedroom, 1-bathroom floor plan features a murphy bed in the living room, a full kitchen, living room, dining area, and an "owner's closet" for secure storage of personal belongings. *Please note: This unit is being sold privately by the owners of Unit 262 at the Sea Gypsy Motel. Please do not contact staff or guests of the Sea Gypsy Motel.
Courtesy: Keller Williams Realty Central Coast
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.
Pismo Beach is located in California. Pismo Beach, California has a population of 8,058. Pismo Beach is less family-centric than the surrounding county with 11.31% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in Pismo Beach, California is $94,268. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in Pismo Beach is 58.2 years.
The average high temperature in July is 73 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 19.7 inches per year, with 0 inches of snow per year.
