369 Hinds Avenue

    Pismo Beach, CA 93449
    • $2,100,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: PI19215270
    UPDATED: 53 min ago
    $2,100,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,585
      SQFT
    • $586
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    First time on the market! Downtown Pismo 5 unit apartment complex consists of fully furnished long term rentals with very little vacancy. There has been one sale since it was built but never on the market. There are ocean views from some units and some decks. Unit 1 has fantastic views and is the 2 bedroom and 2 bath unit. The entire building includes 7 bedrooms and 6 bathrooms in total. Each unit is incredibly desirable with furnishings that bring a gasp of awe when you first open their doors! The units are separately metered with owner paying water and trash for the entire complex. Tenants pay their own gas, electric, and cable. There are 6 garages, 2 covered +G+guest+G- parking spaces and 1 partially covered space in the back. Laundry room is in the back and all machines are owned by the seller. There is an additional storage room with income possibilities! Complex has just been painted and interiors upgraded with hardwood/laminate flooring and custom tile work in the bathrooms. These units feel larger than they are, largely due to the layouts and furnishings. Great opportunity to purchase consistent cash flow in downtown Pismo!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T19:45:58.153. 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 deemed reliable but is not guaranteed accurate by the MLS or Faye Bashar & Associates | Keller Williams Carmel Valley Del Mar. Licensed in the State of California, USA.
    www.carmelvalleyhomes4sale.com/homes/98836539

    369 Hinds Avenue Pismo Beach, CA 93449

    • Price: $2,100,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: PI19215270
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,585
    SQFT
    $586
    $/SQFT
    1987
    Built
    Neighborhood:
    Pismo Beach (360)
    County:
    San Luis Obispo
    Area:
    PSMO - Pismo Beach
    Property Description
    First time on the market! Downtown Pismo 5 unit apartment complex consists of fully furnished long term rentals with very little vacancy. There has been one sale since it was built but never on the market. There are ocean views from some units and some decks. Unit 1 has fantastic views and is the 2 bedroom and 2 bath unit. The entire building includes 7 bedrooms and 6 bathrooms in total. Each unit is incredibly desirable with furnishings that bring a gasp of awe when you first open their doors! The units are separately metered with owner paying water and trash for the entire complex. Tenants pay their own gas, electric, and cable. There are 6 garages, 2 covered +G+guest+G- parking spaces and 1 partially covered space in the back. Laundry room is in the back and all machines are owned by the seller. There is an additional storage room with income possibilities! Complex has just been painted and interiors upgraded with hardwood/laminate flooring and custom tile work in the bathrooms. These units feel larger than they are, largely due to the layouts and furnishings. Great opportunity to purchase consistent cash flow in downtown Pismo!!
    Exterior Features

    Architectural Style Mediterranean Carport Spaces 2.00 Fence YN Yes Fencing Block Foundation Details Slab Garage Spaces 6.00 Lot Features 6-10 Units/AcreLevel With StreetRectangular LotPaved Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Up Slope From StreetGarage Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Clay

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStorm DrainsStreet Lights Country Us Electric Expense 252.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 122400.00 Insurance Expense 3720.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 0.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Pismo Beach (360) Tenant Pays Cable TvElectricityGasOther Total Actual Rent 10200.00 Total Expenses 67644.00 Trash Expense 1872.00 Water Sewer Expense 4296.00 Water Source Public Year Built Source Other Zoning C1

    Listing provided courtesy of Erin Down of Ocean West Properties, Inc. and Patrick Mccann of Ocean West Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T19:45:58.153. 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 deemed reliable but is not guaranteed accurate by the MLS or Faye Bashar & Associates | Keller Williams Carmel Valley Del Mar. Licensed in the State of California, USA.
     
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