369 Hinds Avenue, Pismo Beach, CA 93449

$1,950,000
3,585
SqFt
Sold Price
$1,950,000
List Price
$1,999,900
Closing Date
Apr 06, 2020
Status
CLOSED
MLS#
PI20009640
Year Built
1987
Living Sq. Ft
3,585
Lot Size
7,250
Acres
0.1664
Lot Location
26-30 Units/Acre
Days on Market
14
Property Type
Multifamily
Stories
Two Level
Neighborhood
Pismo Beach (360)

Property Description

An 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.

Additional Information

Lot Description
Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Watersports, Preserve/Public Land, Sidewalks, Street Lights, Suburban
Pool Description
None
Heat
Wall Furnace, Natural Gas
View
Ocean
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$121,800
Operating Expense
37056

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Mark Burnes from Burnes Commercial Group

Listing sold by Mark Burnes from Burnes Commercial Group