481 Ocean View Avenue, Pismo Beach, CA 93449

$550,000
960
SqFt
List Price
$550,000
Status
ACTIVE
MLS#
SP18254321
Year Built
1951
Living Sq. Ft
960
Lot Size
6,237
Lot Location
2-5 Units/Acre
Days on Market
93
Property Type
Multifamily
Style
Bungalow
Stories
One Level
Neighborhood
Pismo Beach (360)

Property Description

A perfect duplex investment in Pismo Beach. Currently occupied by two long-term tenants who would like to remain in place. one unit renting at $925 and the other at $1,100 per month. Each unit features one bedroom and one bath, kitchen and living room. A great front yard and side patio and yard. There are laundry facilities on site and the building, constructed in 1951, is in very good condition. Really a must see as a quality investment in Pismo Beach, CA In addition to the duplex, the owner is also offering the neighboring lot for sale. 483 Ocean View is a vacant, residential lot of 6,577 s.f. With the purchase of both properties, the buyer has the option to pursue a great development opportunity. Plans were previously approved for a 7 unit condominium project (2006). The City of Pismo Beach would like to see something similar built on that site. Meetings with Pismo Beach City planning have clarified the requirements to proceed, estimated permit costs and timeframe for approvals. Listing number for vacant parcel is SP18255226

Additional Information

Lot Description
Curbs
Appliances
Free Standing Range, Gas Range, Gas Water Heater
Pool Description
None
Heat
Wall Heater, Natural Gas
Cooling
Yes
Cooling Description
Wall Window
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jeff Gibbs from J. Gibbs Realty, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.