$1,490,723
$1,650,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
4,074 SqFt
SOLD DATE : 04/18/2024
Key Details
Sold Price $1,490,723
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,074 sqft
Price per Sqft $365
Subdivision Oceano(350)
MLS Listing ID PI24001255
Sold Date 04/18/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1989
Lot Size 8,280 Sqft
Acres 0.1901
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.
Location
State CA
County San Luis Obispo
Area Ocno - Oceano
Zoning RMF
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Interior Features Main Level Primary
Laundry Location Common Area,Laundry Room
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Gas Range
Laundry Common Area, Laundry Room
Exterior
Garage Assigned, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool None
Community Features Biking, Fishing, Park, Street Lights
Utilities Available Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Ocean
Roof Type Composition,Shingle
Parking Type Assigned, Garage
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 061012043
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 230.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with General NONMEMBER • NONMEMBER MRML
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner