5,331 Sqft Lot
5,331 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Pismo Beach (360)
MLS Listing ID SC26066813
HOA Y/N No
Year Built 1949
Lot Size 5,331 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County San Luis Obispo
Area Psmo - Pismo Beach
Zoning RR
Interior
Interior Features Balcony, Bedroom on Main Level, Main Level Primary
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Awning(s), Rain Gutters
Parking Features Assigned, Garage Faces Front, Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Wood
Pool None
Community Features Biking, Curbs, Gutter(s), Mountainous, Storm Drain(s), Sidewalks, Water Sports
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description Beach Access,Ocean Access,Ocean Side Of Freeway
View Y/N Yes
View Ocean
Roof Type Asphalt,Shingle
Accessibility None
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Irregular Lot
Story 2
Entry Level One,Two
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 005066028
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1382.0
Acceptable Financing Cash, 1031 Exchange, Submit
Listing Terms Cash, 1031 Exchange, Submit
Special Listing Condition Standard, Trust
Virtual Tour https://351sanluisave.com/idx
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