$4,750,000
$950K PRICE DROP

175 Stimson Ave Pismo Beach, CA 93449

Estimated payment $30,984/month

Total Views 24,132
6 Beds
4 Baths
6,204 Sq Ft
$766 Price per Sq Ft

Highlights

  • Ocean View
  • Gated Parking
  • Park
  • Arroyo Grande High School Rated A-
  • No HOA
  • 3-minute walk to Mary Herrington Park

About This Home

Welcome to this amazing location in Pismo Beach for a 7-unit apartment building 1/2 block to the boardwalk in Downtown Pismo Beach. One 3 bedroom/2 bath unit, five 2 bedroom/1 bath units and one 1 bedroom. Two of the 2 bedroom/1 bath units have been renovated in 2024. Covered on site private parking with gated entry. On site laundry room, currently coin operated.

Listing Agent

Aaron Graves

EverlyGrove Brokerage Phone: 805-704-0334 License #01787901 Listed on: 12/12/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 10,874 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Property Views

  • Ocean
  • Coastline

Home Design

  • Apartment

Interior Spaces

  • 6,204 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 15 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Driveway
  • Gated Parking
  • Paved Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 18 / 12
  • Assessor Parcel Number 005152019

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Pismo Beach Subdivision
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $575
  • Fuel Expense $1,029
  • Insurance Expense $4,500
  • Maintenance Expense $3,270
  • Professional Management Expense $17,903
  • Water Sewer Expense $4,645
  • Operating Expense $31,922
  • Gross Income $267,900
  • Net Operating Income $235,978

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Price Per Unit: 678571
  • Professional Management Expense: 17903.00
  • Property Attached: Yes
  • Subdivision Name Other: Pismo Beach (360)
  • View: Yes
  • Water Sewer Expenses: 4645.00
  • Zoning: R4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 005152019
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 765.64

Exterior Features

  • View: Coastline, Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Covered, Asphalt, Paved, Gated, On Site, Parking Space
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Preserve/Public Land, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Paved
  • Lot Size Sq Ft: 10874.00
  • Lot Size Acres: 0.2496

Multi Family

  • Electric Expense: 575.00
  • Fuel Expense: 1029.00
  • Gross Income: 267900.00
  • Gross Scheduled Income: 267900.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 10874.0000 Square Feet
  • Maintenance Expense: 3270.00
  • Net Operating Income: 235978.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 31922.00
  • Rent Control: No
  • Total Expenses: 31922.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 117.04
  • Tax Lot: 18

Map

Range of Values:

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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 Change Sq Ft Price
05/05/2025 05/05/25 Price Changed $4,750,000 -8.7% $766 / Sq Ft
01/29/2025 01/29/25 Price Changed $5,200,000 -8.8% $838 / Sq Ft
12/12/2024 12/12/24 For Sale $5,700,000 +37.3% $919 / Sq Ft
07/14/2023 07/14/23 Sold $4,150,000 -2.4% --
04/27/2023 04/27/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $4,250,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24248865

California Regional Multiple Listing Service (CRMLS)