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351 San Luis Ave

Pismo Beach, CA 93449

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$1,730,000

2,844 sq ft
  |  
0.12 acre

351 San Luis Ave

Pismo Beach, CA 93449

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Listed On: 04/03/2026
Status: Active
Listing Number: SC26066813 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Kris Nafziger, San Luis Bay Realty

Incredible ocean views just over a block from the sand! 351 San Luis Avenue offers a rare opportunity to own a versatile coastal property in the heart of Pismo Beach. Ideally located within walking distance to the pier, downtown shops, and restaurants, this property captures the essence of beachside living while delivering strong income potential. The property consists of five residential units, including a one-bedroom unit, three studio units, and a larger upper-level studio with a private balcony showcasing sweeping ocean views. From this elevated vantage point, enjoy breathtaking sunsets over the Pacific and front-row views of the Fourth of July fireworks over the Pismo Pier. Whether you're looking to invest or live onsite, you have the flexibility to choose your preferred unit to owner-occupy while generating income from the others, all while taking full advantage of the property's standout coastal views. Additional features include a one-car garage, a shared outdoor patio area ideal for relaxing or entertaining, a coin-operated laundry room, and a separate storage shed. The garage, laundry, and storage shed are all currently rented, providing additional income streams beyond the residential units. The property has seen recent improvements including a new roof and balcony railing, newer exterior paint, and updates to plumbing and electrical systems, enhancing both functionality and long-term value. With limited multifamily inventory in this highly desirable coastal community, the property benefits from strong tenant demand and long-term upside. Whether you're seeking a primary residence with rental income, a vacation property, or a solid investment, 351 San Luis offers a unique blend of location, income, and exceptional ocean-view living in one of the Central Coast's most sought-after markets.
Property Sub Type
Apartment
Year Built
1949
Year Built Source
Public Records
Special Listing Conditions
Trust, Standard
Stories Total
2
Levels
One, Two
Number Of Buildings
2
Number Of Units Total
5
Entry Level
1
Entry Location
Front
Price Per Square Foot
$608
Price Per Unit
$346,000
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
Improvements Amount
218338
Land Value
218338
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Cooling Y/N
No
Fence Y/N
Yes
Heating Y/N
Yes
Directions
Cross streets- Dolliver/Price
Room Type
Main Floor Primary Bedroom, Main Floor Bedroom, Primary Bathroom
Heating
Wall Furnace
Cooling
None
Laundry Y/N
Yes
Laundry Features
Community
Laundry Equipment Own Lease
Lease
Roof
Shingle, Asphalt
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Construction Materials
Wood Siding, Stucco
Foundation Details
Raised, Slab
Interior Features
Balcony
Accessibility Features
None
Common Walls
2+ Common Walls
Fireplace Y/N
No
Fireplace Features
None
Exterior Features
Awning(s), Rain Gutters
Pool Features
None
Pool Private Y/N
No
Spa Y/N
No
Spa Features
None
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
1
Number Of Separate Gas Meters
1
Number Of Separate Water Meters
1
Electric
Standard
Utilities
Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
1.00
Parking Features
Garage, Assigned, Garage Faces Front
Garage Spaces
1.00
Lot Features
0-1 Unit/Acre,Irregular Lot
Lot Size Area
5331.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street
Road Surface Type
Paved
View Y/N
Yes
View
Ocean
Waterfront Features
Ocean Access, Beach Access, Ocean Side of Freeway
Fencing
Wood
Common Interest
None
Parcel Number
005066028
Additional Parcels Y/N
No
Zoning
RR
Subdivision Name
Pismo Beach (360)
Subdivision Name Other
Pismo Beach (360)
Community Features
Gutters, Curbs, Watersports, Biking, Mountainous, Storm Drains, Sidewalks
Senior Community Y/N
No
Association Y/N
No
Number Of Units Leased
5
Tenant Pays
None
Gross Operating Income
26835.00
Gross Income
87183.00
Gross Multiplier
19.80
Gross Equity
1500000
Operating Expense
26835.00
Present Loans
208000
Total Actual Rent
90540.00
Land Lease Y/N
No
Assessments
Unknown, Buyer to Verify
Insurance Expense
3196.00
Electric Expense
2542.00
Water Sewer Expense
2113.00
Trash Expense
920.00
Maintenance Expense
12230.00
Fuel Expense
1382.00
Gardener Expense
2110.00
Pest Control Expense
2626.00
Professional Management Expense
6349.00
New Taxes Expense
5053.00
Other Expense
16195.00
Other Expense Description
upgrades
Gross Scheduled Income
90545.00
Gross Income
87183.00
Laundry Income
155.00
Other Income 1
1500.00
Other Income Description
Shed rented
Number Of Rented Garages
1
Total Expenses
56832.00
Net Operating Income
60348.00
Operating Expense
26835.00
Gross Operating Income
26835.00
Gross Income
87183.00
Net Operating Income
60348.00
Cap Rate
3.50
Tax Area
4-001
Tax Block
23
Tax Lot
10

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.

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