
Pismo Beach, California 93449
Unlock a rare, coastal powerhouse just steps from the sand in the highly coveted heart of Shell Beach. This turnkey, income-generating triplex is a dream asset for savvy investors or owner-occupants looking for a subsidized beach lifestyle. The premium layout features two upper-level 1-bedroom, 1-bathroom units designed to maximize the coastal experience, boasting remodeled finishes, modern appliances, and private balconies with ocean views. Downstairs, a spacious, separate studio unit with its own full bathroom rounds out this high-utility property. Unlike standard beach properties plagued by gridlock, this lot eliminates the ultimate coastal headache by offering unmatched infrastructure: 2 private garages plus an attached parking lot for 5 additional off-street vehicles. Complete with on-site laundry facilities and locked storage rooms perfect for surfboards and tenant gear, this asset offers the ultimate blend of luxury and financial resilience. Don't miss this exceptionally rare chance to own a multi-unit slice of paradise with Shell Beach's premier dining and ocean access directly at your doorstep.
Property is move-in ready.
Although built in 1980, the property has undergone significant renovations likely within the 5-15 year range, featuring granite countertops, updated cabinetry, and modern laminate flooring. The units are well-maintained, functional, and presented as turn-key, move-in ready condition.
Situated in the highly coveted Shell Beach area, this property offers panoramic ocean views and immediate proximity to the Pacific, significantly driving rental demand and long-term appreciation.
Rare for beachside multi-family units, the property includes two private garages plus five additional off-street parking spaces and extensive dedicated storage, providing a major competitive advantage for attracting tenants.
This income-generating triplex is move-in ready and features a versatile layout of two upper-level units and a studio, offering immediate cash flow opportunities in a high-demand market.
The configuration of only one-bedroom and studio units restricts the potential tenant base to individuals or couples, potentially limiting the maximum rental income compared to larger multi-bedroom units.
Built in 1980, the structure may require ongoing specialized maintenance to mitigate the effects of salt-air corrosion and aging infrastructure typical of older coastal properties.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.8 mi
Grades 8-12 • 6.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,114 | 1,138 |
| Lot Size | 3,850 | 4,800 |
| Price | $1.38M | $730.0K |
| Price per sq ft | $650 | $641 |
| Built year | 1980 | 1985 |
| HOA | $0 | $0 |
| Days on market | 107 | 78 |
Aug 26, 2026
$1,375,000
$1,425,000
-4% Price Drop
Initial Listing
Jul 9, 2026
$1,425,000
Initial Listing
Mar 16, 2012
$744,000
Public Record
Jul 2, 1998
$247,500
Public Record