172 Ocean View Ave - Apartments FOR SALE


Pismo Beach, CA 93449
$2,750,000 USD
805-688-5333
172 Ocean View Ave, Pismo Beach, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/14
null | 4.02% Cap Rate

172 Ocean View Ave
Pismo Beach, CA 93449


HIGHLIGHTS

  • Beautiful Gardens & Outdoor Patio with Grill
  • Walking Distance to Beach
  • Laundry Room &Storage Spaces
  • Renovated in 2007
  • Relaxed Beachside Lifestyle
  • 3 Garage Spaces & 5 Uncovered Spaces

OVERVIEW

Pismo Cove Apartments is an 8-unit property located just ½ block from beach & 3 blocks south of Pismo Pier. Property spans from Ocean View Ave thru to Park St. Mix of mix of (2) 2Bed, (5) 1Bed, & (1) studio units. Layout includes 2-story duplex built above (3) garages, laundry room, & storage space; a single story 4plex; & 2 detached cottages - all around a private courtyard. Renovated in 2007, property continues to offer tenants a relaxed beachside lifestyle. Amenities include large communal patio w/ BBQ, tables, chairs, & umbrellas, surrounded by mature palm trees, plus beach shower. Add’l features include laundry room, storage area, & owner’s room with potential for ADU conversion (buyer to verify). On-site parking includes (3) 1-car garages & (5) uncovered spaces. Zoned R4, property may offer potential for short-term rentals (buyer to confirm w/ City). With its unbeatable location & enduring tenant appeal, Pismo Cove presents both stable income & long-term upside for investors.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$584 USD /SF

# OF UNITS

8

PRICE/UNIT

$343,750

CAP RATE

4.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pismo Cove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,800 SF

ZONING

R4

APN/PARCEL ID

005-161-004

ASK ABOUT THIS PROPERTY

Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

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Steve BattagliaBattaglia Commercial Real EstateMore Info
805-688-5333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.