NOT LISTED FOR SALE

172 Ocean View Ave Pismo Beach, CA 93449

1 Bed
1 Bath
-- Sq Ft
9,800 Sq Ft Lot

Sale Details

Date Sold: January 9, 2026

Last sale price $2,640,000

70 Days on Market

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

As of January 2026

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.

Last Agent to Sell the Property

Steve Battaglia

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

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 9,800

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

  • The owner pays for trash collection, water, gas, electricity
  • 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

9,800 Sq Ft Lot

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
  • Status Information Seller Concessions3: No
  • 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/09/2026 01/09/26 Sold $2,640,000 -4.0% --
10/13/2025 10/13/25 Pending -- -- --
08/04/2025 08/04/25 For Sale $2,750,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,056 $2,498,691 $2,364,723 $133,968
2024 $26,724 $2,449,698 $2,318,356 $131,342
2023 $26,724 $2,401,666 $2,272,899 $128,767
2022 $26,303 $2,354,576 $2,228,333 $126,243
2021 $25,586 $2,250,000 $1,750,000 $500,000
2020 $21,730 $1,900,000 $1,500,000 $400,000
2019 $21,970 $1,900,000 $1,500,000 $400,000
2018 $20,997 $1,800,000 $1,400,000 $400,000
2017 $20,595 $1,761,000 $1,375,000 $386,000
2016 $23,605 $2,110,752 $1,997,579 $113,173
2015 $15,457 $1,350,000 $1,060,000 $290,000
2014 $15,233 $1,350,000 $1,060,000 $290,000
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2938

Santa Barbara Multiple Listing Service
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