Greg Malik Real Estate
481 Ocean View Avenue
Pismo Beach, CA 93449

Description

A perfect duplex investment in Pismo Beach. Currently occupied by two long-term tenants who would like to remain in place. one unit renting at $925 and the other at $1,100 per month. Each unit features one bedroom and one bath, kitchen and living room. A great front yard and side patio and yard. There are laundry facilities on site and the building, constructed in 1951, is in very good condition. Really a must see as a quality investment in Pismo Beach, CA In addition to the duplex, the owner is also offering the neighboring lot for sale. 483 Ocean View is a vacant, residential lot of 6,577 s.f. With the purchase of both properties, the buyer has the option to pursue a great development opportunity. Plans were previously approved for a 7 unit condominium project (2006). The City of Pismo Beach would like to see something similar built on that site. Meetings with Pismo Beach City planning have clarified the requirements to proceed, estimated permit costs and timeframe for approvals. Listing number for vacant parcel is SP18255226

Details

MLS#SP18254321
Sub-TypeResale
StatusActive
Year1951
Days On Site25

Features

SQ Feet960
Units2
Building(s)1

Market Activity 93449

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Area Information

StateCA
CountySan Luis Obispo
CityPismo Beach
Zip Code93449
AreaPSMO - Pismo Beach
Listing VS Median (in 93449)
Price:
$550,000
low | high
Med:
$879,000
9.818181818182% of Average
SqFt:
960
low | high
Med:
1,978
55.989583333333% of Average
$ / SqFt:
$573
low | high
Med:
$449
71.571253088447% of Average
On Site:
25
low | high
Med:
110.5
22.62443438914% of Average
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 720 - 1,000
Listing Updated: 11/12/2018
MLS Number: SP18254321
Listing Provided By:
Jeff Gibbs  of  J. Gibbs Realty Inc
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