FBpixel

Get More Info

Print A Flyer

Get A Home Loan

Share

230 Stimson

Pismo Beach, CA 93449

Copy Link Get Directions

Open Photo

Photo Gallery

Open Photo
Open Photo
Open Photo
Open Photo

$3,160,000

3,998 sq ft
  |  
0.25 acre

230 Stimson

Pismo Beach, CA 93449

Get Directions
Listed On: 01/08/2026
Status: Active
Listing Number: PI26004658 (CRMLS)

Schedule a Tour

Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: James Kelsey, Century 21 Masters-Arroyo Grande

 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.
Property Sub Type
Commercial/Residential
Year Built
1941
Year Built Source
Estimated
Special Listing Conditions
Standard
Stories Total
2
Number Of Buildings
5
Number Of Units Total
7
Entry Level
1
Entry Location
1st
Price Per Square Foot
$790
Price Per Unit
$451,429
Days On Market
3
Cumulative Days On Market
3
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Cooling Y/N
No
Heating Y/N
Yes
Directions
Doliver to Stimson, south to property on the left
Heating
Natural Gas, Wall Furnace
Cooling
None
Laundry Y/N
Yes
Laundry Features
In Carport
Common Walls
1 Common Wall
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
7
Number Of Separate Gas Meters
7
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
4.00
Parking Features
Assigned
Garage Spaces
4.00
Lot Features
6-10 Units/Acre
Lot Size Area
10875.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Common Interest
None
Parcel Number
005136003
Additional Parcels Y/N
No
Subdivision Name
Pismo Beach (360)
Subdivision Name Other
Pismo Beach (360)
Community Features
Curbs, Sidewalks, Street Lights
Senior Community Y/N
No
Tenant Pays
Cable TV, Electricity, Gas
Gross Income
167318.00
Gross Multiplier
18.00
Operating Expense
41829.00
Operating Expense Percent
25.00
Land Lease Y/N
No
Gross Scheduled Income
167318.00
Gross Income
167318.00
Total Expenses
41829.00
Net Operating Income
128000.00
Operating Expense
41829.00
Gross Income
167318.00
Net Operating Income
128000.00
Cap Rate
4.06
Tax Block
15
Tax Lot
6

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.

Copyright © 2026  London Properties, Ltd. All rights reserved.

Loading...

Saving...

Deleting...

Searching...

Thinking...