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2570 Spyglass Dr

Pismo Beach, CA 93449

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$1,975,000

5,284 sq ft
  |  
0.19 acre

2570 Spyglass Dr

Pismo Beach, CA 93449

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Listed On: 02/06/2026
Status: Pending (Taking Backup Offers)
Listing Number: SR26021923 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Bassem Abdul-Fattah, Coldwell Banker Realty

Location, Location, Location! Introducing an exceptional investment opportunity: Premier Shell Beach Complex! Once in a lifetime opportunity to acquire this 5 units apartment complex in beautiful Shell Beach of Pismo Beach. Perfectly situated just steps from the Pacific Ocean and Spyglass Park. This impressive five-unit apartment complex-on the market for the first time since 1986. Units #1 and #2 each feature 2 bedrooms, 2 bathrooms, a kitchen, and a living room and dining area. Units #3, #4, and #5 offer 2 bedrooms, 1.5 bathrooms and living room. Unit #2, previously occupied by the former owner, is currently vacant and in the process of being rented. All units include access to a detached one-car garage with storage. Additionally, the property offers a bonus room with a bathroom that tenants may reserve at no charge to accommodate guests on a first-come, first-served basis. The complex also provides shared coin-operated laundry facilities for added convenience. Well-maintained and located in the highly sought-after Shell Beach area, this property is truly a rare find on the Central Coast. Shell Beach is celebrated for its exceptional dining, relaxation, and coastal charm. Residents enjoy close proximity to premier shopping, restaurants, scenic hiking and biking trails, and are just minutes from world-class wineries-offering the ultimate beach-living lifestyle. The property is sold by the trustee, buyer to verify income & expenses.
Property Sub Type
Apartment
Year Built
1976
Year Built Source
Assessor
Special Listing Conditions
Trust
Stories Total
2
Levels
Two
Number Of Buildings
1
Number Of Units Total
5
Entry Level
1
Entry Location
Few steps from the street
Price Per Square Foot
$374
Price Per Unit
$395,000
Days On London
18
Cumulative Days On London
18
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
Fence Y/N
Yes
Heating Y/N
Yes
Directions
Spyglass exit from the 101, West on Spyglass
Architectural Style
Contemporary
Room Type
Kitchen, Laundry, Living Room
Heating
Radiant, See Remarks
Cooling
None
Laundry Y/N
Yes
Laundry Features
Common Area, Dryer Included, See Remarks, Washer Hookup, Washer Included
Laundry Equipment Own Lease
Own
Roof
Composition, Shingle
Construction Materials
Stucco
Foundation Details
Slab
Appliances Y/N
Yes
Appliances
Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator
Flooring
Carpet, Vinyl
Common Walls
2+ Common Walls
Fireplace Y/N
No
Fireplace Features
None
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 With Refrigerator
5
Number With Range
5
Number With Dishwasher
5
Number With Disposal
5
Number With Carpet
5
Number With Drapes
5
Number Of Separate Electric Meters
5
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water Source
Public
Sewer
Sewer Paid
Parking Y/N
Yes
Parking Total
10.00
Parking Features
Assigned, Driveway, Concrete
Garage Spaces
5.00
Uncovered Spaces
5.00
Lot Features
2-5 Units/Acre,Irregular Lot
Lot Size Area
8100.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street
Road Surface Type
Paved
View Y/N
Yes
View
Ocean
Fencing
Wood
Common Interest
Community Apartment
Parcel Number
010042025
Additional Parcels Y/N
No
Subdivision Name
Shell Beach(600)
Subdivision Name Other
Shell Beach(600)
Community Features
Biking, Curbs
Senior Community Y/N
No
Association Y/N
No
Number Of Units Leased
4
Gross Operating Income
108600.00
Gross Multiplier
18.19
Operating Expense
55434.00
Total Actual Rent
6700.00
Land Lease Y/N
No
Assessments
None
Insurance Expense
6842.00
Electric Expense
2024.00
Water Sewer Expense
3891.00
Trash Expense
2426.00
Cable TV Expense
7631.00
Gardener Expense
1500.00
Professional Management Expense
6432.00
New Taxes Expense
24688.00
Gross Scheduled Income
108600.00
Other Income Description
Laundry Income TBD
Number Of Rented Garages
0
Total Expenses
55434.00
Net Operating Income
53166.00
Operating Expense
55434.00
Gross Operating Income
108600.00
Net Operating Income
53166.00
Cap Rate
2.69
Tax Annual Amount
11444.40
Tax Year
2026
Tax Lot
25
Tax Tract Number
391

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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