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https://www.londonproperties.com/property/link/crmls/OC26187424/2520-Coburn-Lane/Pismo-Beach/https://www.londonproperties.com/images/props/crmls/full/OC26187424.jpgLondon Properties Pismo Beach Real Estate | 2520 Coburn Lane
Listing Agent: Guy Torelli, Torelli Investment Realty
This Four Plex is in the exclusive Shell Beach neighborhood of Pismo Beach, and surrounded by multi-million dollar single family homes. Eleven houses away are the ocean cliffs, and another few homes away is Memory Park and the Spyglass Tide-pools. Ocean views from the two front units, which are both two bedroom, one bath plus a garage for each. In the rear are two 1 bedroom units over the four garages. One garage is for the owner's use, and the other has been converted into a studio apartment but it not permitted. There is also a laundry room, and a recreation / lounge area with a fireplace. A detailed brochure is in the attached supplememts.
Property Sub Type
Quadruplex
Year Built
1962
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
2
Number Of Units Total
4
Entry Level
1
Entry Location
ground level
Price Per Square Foot
$764
Price Per Unit
$597,500
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Directions
From the 101 Fwy take the Spyglass exit to Shell Beach Road. Turn right on Seacliff & left on Coburn
Laundry Y/N
Yes
Laundry Features
Individual Room, Community
Laundry Equipment Own Lease
Lease
Common Walls
2+ Common Walls,End Unit,No One Below,No One Above
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area
606
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area
962
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
4
Water Source
Public
Sewer
Public Sewer
Parking Total
4.00
Garage Spaces
4.00
Lot Features
Landscaped, Front Yard, Gentle Sloping, Back Yard
Lot Size Area
8750.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Common Interest
None
Parcel Number
010511019
Additional Parcels Y/N
No
Community Features
Curbs, Sidewalks, Park
Senior Community Y/N
No
Association Y/N
No
Number Of Units Leased
4
Tenant Pays
Cable TV, Electricity
Gross Income
139020.00
Gross Multiplier
17.20
Operating Expense
34161.00
Total Actual Rent
11215.00
Land Lease Y/N
No
Insurance Expense
2508.00
Electric Expense
960.00
Water Sewer Expense
2708.00
Trash Expense
1020.00
Gardener Expense
1500.00
New Taxes Expense
25530.00
Gross Scheduled Income
139020.00
Gross Income
139020.00
Laundry Income
300.00
Number Of Rented Garages
2
Garage Income
275.00
Total Expenses
34161.00
Net Operating Income
104859.00
Operating Expense
34161.00
Gross Income
139020.00
Net Operating Income
104859.00
Cap Rate
4.40
71109
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The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
