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(626) 893-2817
Gilbert Garcia
175 Stimson Avenue, Pismo Beach, CA 93449
- $3,700,000
- Sold Price
- $3,700,000
- List Price
- $4,275,000
- Closing Date
- Apr 16, 2026
- Status
- CLOSED
- MLS#
- PI26024195
- Year Built
- 1983
- Lot Size
- 10,874
- Acres
- 0.25
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 55
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Pismo Beach (360)
Property Description
Exceptional coastal investment opportunity just ½ block from the Boardwalk and beach in the heart of Downtown Pismo Beach. This well-located 7-unit apartment building offers a strong unit mix consisting of one 3-bedroom/2-bath unit, five 2-bedroom/1-bath units, and one studio, with two of the 2-bedroom units tastefully renovated in 2024. The property features covered, gated on-site parking and a convenient coin-operated laundry facility, enhancing tenant appeal and operational efficiency. Surrounded by luxury condominiums, retail, and premier coastal amenities, this irreplaceable location offers exceptional walkability and long-term upside, including potential opportunities for condo conversion or short-term rental use, subject to buyer verification with the City of Pismo Beach.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $251,400
- Operating Expense
- 30000
Listing courtesy of Listing Agent: Robert Mariani (robert.mariani@gmail.com) from Listing Office: Mariani Realty.
Listing sold by Kristenann Coulter-Murchison from OiC Real Estate Services Inc
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.