Seller's Agent in 2020
Mark Burnes
Burnes Commercial Group
(805) 556-0900
4 in this area
17 Total Sales
369 Hinds Ave Pismo Beach, CA 93449
7
Beds
6
Baths
3,585
Sq Ft
7,250
Sq Ft Lot Lot
Highlights
- Ocean View
- Golf Course Community
- No HOA
- Arroyo Grande High School Rated A-
- Fishing
- 3-minute walk to Dinosaur Caves Park
About This Home
As of April 2020An excellent investment property two blocks from the beach in Downtown Pismo Beach, Ca., consisting of 5 fully-furnished apartment units, 6 single-car garages, 3 guest parking spaces, and a 200 sf (+/-) storage room, and a laundry room with owner-owned coin-op laundry as an additional source of income, and all of this walking distance to the beach and all of the nearby shops and restaurants.
There is one 2bd/2a, one 2bd/1ba, and three 1bd/iba. The front two units have nice ocean views, and the rear unit also has a bit of a view down the rear yard. These units function well as year-round, or short-term vacation rentals. The current tenants pay their own gas, electric, and cable as the units are separately metered. There are also separate water meters for each unit and one house meter, but, the current owners do pay all of the water, as well as trash and sewer.
The current owners take meticulous care of this property - health forces the sale.
Please do not disturb the tenants and please allow 72 hours to schedule showings.
Last Agent to Sell the Property
Burnes Commercial Group License #01361305 Listed on: 01/14/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 7,250 Sq Ft Lot
- Two or More Common Walls
- Density is 26-30 Units/Acre
Parking
- 6 Car Garage
- Parking Available
- Single Garage Door
- Garage Door Opener
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 3,585 Sq Ft Home
- Ocean Views
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Assessor Parcel Number 005131031
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Foothills
- Property is near a preserve or public land
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Fishing
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $6,400
- Gardener Expense $1,000
- Insurance Expense $1,833
- Maintenance Expense $2,500
- Other Expense $1,500
- Professional Management Expense $2,373
- New Taxes Expense $21,450
- Operating Expense $37,056
- Gross Income $118,146
- Net Operating Income $81,590
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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 |
|---|---|---|---|---|
| 04/06/2020 04/06/20 | Sold | $1,950,000 | -2.5% | $544 / Sq Ft |
| 01/28/2020 01/28/20 | Pending | -- | -- | -- |
| 01/14/2020 01/14/20 | For Sale | $1,999,900 | -- | $558 / 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 | $23,311 | $2,159,948 | $984,280 | $1,175,668 |
| 2024 | $23,026 | $2,117,597 | $964,981 | $1,152,616 |
| 2023 | $23,026 | $2,076,076 | $946,060 | $1,130,016 |
| 2022 | $22,664 | $2,035,369 | $927,510 | $1,107,859 |
| 2021 | $22,596 | $1,995,461 | $909,324 | $1,086,137 |
| 2020 | $20,571 | $1,813,246 | $879,150 | $934,096 |
| 2019 | $20,413 | $1,777,693 | $861,912 | $915,781 |
| 2018 | $20,157 | $1,742,837 | $845,012 | $897,825 |
| 2017 | $19,812 | $1,708,665 | $828,444 | $880,221 |
| 2016 | $18,740 | $1,675,162 | $812,200 | $862,962 |
| 2015 | $5,645 | $454,091 | $170,555 | $283,536 |
| 2014 | $5,490 | $445,197 | $167,215 | $277,982 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Burnes
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI20009640
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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