Seller's Agent in 2024
Hal Sweasey
Equity Union
(805) 781-3750
28 in this area
534 Total Sales
241 Ocean View Ave Pismo Beach, CA 93449
10
Beds
7
Baths
11,696
Sq Ft
18,125
Sq Ft Lot
Highlights
- Peek-A-Boo Views
- 0.42 Acre Lot
- Living Room Balcony
- Arroyo Grande High School Rated A-
- Corner Lot
- 2-minute walk to Mary Herrington Park
About This Home
As of January 2024Outstanding Investment Opportunity! First time on the market for this 17 unit Apartment Building located just a block from the beach. At La Marseille Apartments, there are 5 different floor plans ranging from approx 600-700 sqft, featuring 1 bedroom, 1 bath, a living room, dining area and kitchen. Thirteen of the units have a balcony, 3 of which have ocean views and 10 of the units have been updated with new vinyl plank flooring. The units are all electric including the appliances and radiant heat in the ceilings. The ground level features 1 assigned covered parking space per unit (Manager gets 2) and 7 uncovered spaces offering additional off street parking. There are also 5 garages, 2 double 20' X 20' and 3 single 10' X 10' available for an additional fee. For convenience, an elevator is situated on each level, plus a laundry room on the 2nd and 3rd levels. The onsite manager receives a discount on rent and keeps the property well maintained. Pets are allowed at $45 per month increase in rent per pet and the tenants are offered a $50 discount when rent is paid by the 1st of every month. With such a great location, vacancies are rare and any available unit immediately rented again upon completion of any repairs/maintenance. Don't miss this rare opportunity to own investment property in Pismo Beach just a short stroll to the beach, great restaurants and shopping, water sports, hiking and biking!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977
Lot Details
- 18,126 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 7 Car Garage
- 7 Open Parking Spaces
- 18 Carport Spaces
- Parking Available
- Rear-Facing Garage
- Driveway Level
- Parking Lot
- Off-Street Parking
- Assigned Parking
- Community Parking Structure
Property Views
- Peek-A-Boo
- Neighborhood
Home Design
- Apartment
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 11,696 Sq Ft Home
- 3-Story Property
- Living Room Balcony
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Outdoor Features
- Rain Gutters
Utilities
- Radiant Heating System
- Electric Water Heater
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 005136026
Community Details
Overview
- 17 Units
- Pismo Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 17 Leased Units
- Rent Control
- 18 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $8,876
- Insurance Expense $4,236
- Maintenance Expense $33,893
- Other Expense $20,288
- Professional Management Expense $37,380
- Supplies Expense $1,459
- Trash Expense $8,876
- Water Sewer Expense $8,876
- New Taxes Expense $50,000
- Operating Expense $173,984
- Gross Income $353,880
- Net Operating Income $179,896
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/08/2024 01/08/24 | Sold | $4,275,000 | -5.0% | $366 / Sq Ft |
| 10/13/2023 10/13/23 | Pending | -- | -- | -- |
| 10/11/2023 10/11/23 | Price Changed | $4,499,000 | -9.1% | $385 / Sq Ft |
| 10/06/2023 10/06/23 | Price Changed | $4,950,000 | -4.8% | $423 / Sq Ft |
| 09/26/2023 09/26/23 | Price Changed | $5,200,000 | 0.0% | $445 / Sq Ft |
| 09/26/2023 09/26/23 | For Sale | $5,200,000 | -9.6% | $445 / Sq Ft |
| 09/18/2023 09/18/23 | Pending | -- | -- | -- |
| 09/07/2023 09/07/23 | For Sale | $5,750,000 | -- | $492 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $10,417 | $4,360,500 | $1,326,000 | $3,034,500 |
| 2024 | $10,261 | $792,738 | $142,679 | $650,059 |
| 2023 | $10,261 | $777,195 | $139,882 | $637,313 |
| 2022 | $10,078 | $761,957 | $137,140 | $624,817 |
| 2021 | $10,006 | $747,017 | $134,451 | $612,566 |
| 2020 | $9,873 | $739,358 | $133,073 | $606,285 |
| 2019 | $9,780 | $724,862 | $130,464 | $594,398 |
| 2018 | $9,637 | $710,650 | $127,906 | $582,744 |
| 2017 | $9,455 | $696,717 | $125,399 | $571,318 |
| 2016 | $8,982 | $683,057 | $122,941 | $560,116 |
| 2015 | $8,856 | $672,798 | $121,095 | $551,703 |
| 2014 | $8,643 | $659,619 | $118,723 | $540,896 |
Source: Public Records
Agents Affiliated with this Home
-
Hal Sweasey
-
Anthony Aurignac
Buyer's Agent in 2024
Anthony Aurignac
Venture Real Estate
(805) 783-1000
5 in this area
51 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC23151174
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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