351 San Luis Ave, Pismo Beach, CA, CA 93449
- $1,730,000
- List Price
- $1,730,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- SC26066813
- County
- San Luis Obispo
- Year Built
- 1949
- Building Square Feet
- 2,844
- Square Feet
- 5,331
- Days on Market
- 119
- Property Type
- Multifamily
- Stories
- One Level, Two Levels
- Neighborhood
- Pismo Beach (360)
- Virtual Tour 1
- https://351sanluisave.com/idx
Property Description
Incredible ocean views just over a block from the sand! 351 San Luis Avenue offers a rare opportunity to own a versatile coastal property in the heart of Pismo Beach. Ideally located within walking distance to the pier, downtown shops, and restaurants, this property captures the essence of beachside living while delivering strong income potential. The property consists of five residential units, including a one-bedroom unit, three studio units, and a larger upper-level studio with a private balcony showcasing sweeping ocean views. From this elevated vantage point, enjoy breathtaking sunsets over the Pacific and front-row views of the Fourth of July fireworks over the Pismo Pier. Whether you’re looking to invest or live onsite, you have the flexibility to choose your preferred unit to owner-occupy while generating income from the others, all while taking full advantage of the property’s standout coastal views. Additional features include a one-car garage, a shared outdoor patio area ideal for relaxing or entertaining, a coin-operated laundry room, and a separate storage shed. The garage, laundry, and storage shed are all currently rented, providing additional income streams beyond the residential units. The property has seen recent improvements including a new roof and balcony railing, newer exterior paint, and updates to plumbing and electrical systems, enhancing both functionality and long-term value. With limited multifamily inventory in this highly desirable coastal community, the property benefits from strong tenant demand and long-term upside. Whether you’re seeking a primary residence with rental income, a vacation property, or a solid investment, 351 San Luis offers a unique blend of location, income, and exceptional ocean-view living in one of the Central Coast’s most sought-after markets.
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Additional Information
- Parcel Number
- 005066028
- Gross Scheduled Income
- $90,545
- Operating Expense
- 26835
- Net Operating Income
- $60,348
- Number of Buildings
- 2
- Lot Features
- 0-1 Unit/Acre, Irregular Lot
- Security Features
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Heat
- Wall Furnace
- View
- Ocean
- Exterior Construction
- Stucco, Wood Siding
- Roof
- Asphalt, Shingle
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Biking, Curbs, Gutter(s), Mountainous, Storm Drain(s), Sidewalks, Water Sports
Listing courtesy of Listing Agent: Kris Nafziger (kris@sanluisbayrealty.com) from Listing Office: San Luis Bay Realty.
Mortgage Calculator
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.