$4,275,000
$4,499,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
0.42 Acres Lot
SOLD DATE : 01/08/2024
Key Details
Sold Price $4,275,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SC23151174
Sold Date 01/08/24
Bedrooms 4
HOA Y/N No
Lot Size 0.416 Acres
Property Description
Outstanding Investment Opportunity! First time on the market for this 17 unit Apartment Building located just a block from the beach. At La Marseille Apartments, there are 5 different floor plans ranging from approx 600-700 sqft, featuring 1 bedroom, 1 bath, a living room, dining area and kitchen. Thirteen of the units have a balcony, 3 of which have ocean views and 10 of the units have been updated with new vinyl plank flooring. The units are all electric including the appliances and radiant heat in the ceilings. The ground level features 1 assigned covered parking space per unit (Manager gets 2) and 7 uncovered spaces offering additional off street parking. There are also 5 garages, 2 double 20' X 20' and 3 single 10' X 10' available for an additional fee. For convenience, an elevator is situated on each level, plus a laundry room on the 2nd and 3rd levels. The onsite manager receives a discount on rent and keeps the property well maintained. Pets are allowed at $45 per month increase in rent per pet and the tenants are offered a $50 discount when rent is paid by the 1st of every month. With such a great location, vacancies are rare and any available unit immediately rented again upon completion of any repairs/maintenance. Don't miss this rare opportunity to own investment property in Pismo Beach just a short stroll to the beach, great restaurants and shopping, water sports, hiking and biking!
Outstanding Investment Opportunity! First time on the market for this 17 unit Apartment Building located just a block from the beach. At La Marseille Apartments, there are 5 different floor plans ranging from approx 600-700 sqft, featuring 1 bedroom, 1 bath, a living room, dining area and kitchen. Thirteen of the units have a balcony, 3 of which have ocean views and 10 of the units have been updated with new vinyl plank flooring. The units are all electric including the appliances and radiant heat in the ceilings. The ground level features 1 assigned covered parking space per unit (Manager gets 2) and 7 uncovered spaces offering additional off street parking. There are also 5 garages, 2 double 20' X 20' and 3 single 10' X 10' available for an additional fee. For convenience, an elevator is situated on each level, plus a laundry room on the 2nd and 3rd levels. The onsite manager receives a discount on rent and keeps the property well maintained. Pets are allowed at $45 per month increase in rent per pet and the tenants are offered a $50 discount when rent is paid by the 1st of every month. With such a great location, vacancies are rare and any available unit immediately rented again upon completion of any repairs/maintenance. Don't miss this rare opportunity to own investment property in Pismo Beach just a short stroll to the beach, great restaurants and shopping, water sports, hiking and biking!
Location
State CA
County San Luis Obispo
Area Pismo Beach (93449)
Zoning Assessor
Interior
Heating Electric
Appliance Radiant
Exterior
Garage Unit1:Assigned
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Sidewalks
Story 3
Others
Acceptable Financing Cash
Space Rent $1,695
Listing Terms Cash
Financing Other/Remarks
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Bought with Anthony Aurignac • Venture Real Estate