$2,750,000
PENDING

172 Ocean View Ave Pismo Beach, CA 93449

Estimated payment $17,116/month

Total Views 10,725
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near an ocean
  • Laundry Room
  • Carpet
  • Arroyo Grande High School Rated A-
  • 3 Car Garage
  • 2-minute walk to Mary Herrington Park

About This Home

8-unit multi-family property 1⁄2 block from beach & 3 blocks south of Pismo Pier. Property spans Ocean View Ave to Park St. Mix of (2) 2Bed, (5) 1Bed, (1) studio units.
Layout: 2-story duplex built above (3) garages, laundry room, & storage space; single story 4plex; & 2 detached cottages - all around a private courtyard. Renovated 2007.
Amenities: Communal patio w/ BBQ/tables/chairs/umbrellas, surrounded by mature palm trees, plus beach shower. Laundry room, storage area, & owner's room w/ potential for ADU conversion (buyer to verify). On-site parking: (3) 1-car garages, (5) uncovered spaces.
Zoned R4. Potential for short-term rentals (buyer to confirm w/ City). With its unbeatable location & enduring tenant appeal, property presents both stable income & long-term upside for investors.

Listing Agent

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Parking

  • 3 Car Garage
  • 5 Open Parking Spaces

Home Design

  • Raised Foundation
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Additional Features

  • Property is near an ocean
  • 9,800 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 005-161-004

Community Details

Overview

  • 8 Units

Building Details

  • Gross Income $195,540
  • Net Operating Income $110,597

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1928
  • Income Expenses Annual Income: 195540.0
  • Capitalization Rate: 4.02
  • Gross Rent Multiplier: 14.06
  • Miscellaneous Parking Spaces: 8.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • Subdivision Name: Other
  • Reso Flooring: Vinyl, Carpet
  • Garage Yn: Yes
  • Property Information Year Built2: 1928
  • Property Information Apx # Acres: 0.23
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 5.0
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Apx Lot SqFt: 9800.0
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Foundation Raised2: Yes
  • Parking Info Gar #35: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 110597
  • Parking Info Total # Garage Spaces2: 3.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.23
  • Foundation Details: Slab, Raised

Garage/Parking

  • Garage Spaces: 3.0
  • Open Parking Spaces: 5.0
  • Parking Features: Uncovered, Gar #3
  • Total Parking Spaces: 8.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 005-161-004
  • Zoning: R-4
  • Lot Size Sq Ft: 9800.0

Rental Info

  • Owner Pays: Trash Collection, Water, Gas, Electricity

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 195540.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2025 10/13/25 Pending -- -- --
08/04/2025 08/04/25 For Sale $2,750,000 -- --
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2938

Santa Barbara Multiple Listing Service
California San Luis Obispo County Pismo Beach 93449

172 Ocean View Ave, Pismo Beach, CA

Pending

MultiFamily

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Steve Battaglia
Listing Agent
Steve Battaglia
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Battaglia Commercial Real Esta
(805) 507-3989