198 Main 205, Pismo Beach, California 93449, Pismo Beach, 93449 - 1 bed, 1 bath
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198 Main 205
Pismo Beach, California 93449
ACTIVE
CONDITION: GOOD
1Beds
1Baths
468Sq Ft
43,560Lot Size
Property Price
LIST PRICE$549,999
EST. MARKET VALUE
$549,999
SUMMARY
This High-Potential Investment Opportunity is a turnkey hotel-condo listed at a List Price of $549,999, which aligns with its $549,999 Fair Market Value. Featuring a Condition Rating of 3, this unit offers a stable, passive income stream in a prime coastal location. With professional on-site management, a Partial Ocean View, and a Secured Gated Parking Space, the property is optimized for short-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers looking for a managed beachside asset.
Estimated Market Value
$549,999
Based on Realkey algorithm analyzing recent comparable sales in Pismo Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 198 Main 205 Subject | $549,999* List Price | 1 | 1 | 468 | $1,175 | - |
A 198 Main Sold | $525,000 | 0 | 1 | 370 | $1,419 | 0.0 mi |
B 1020 Cypress Sold | $507,500 | 1 | 1 | 521 | $974 | 0.1 mi |
C 911 Price Street 5 Pending | $699,000 List Price | 1 | 1 | 601 | $1,163 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2004, this property is well-maintained and move-in ready, fitting the criteria for a professionally managed hotel-condo. The unit features a clean, beach-themed aesthetic with functional kitchenette appliances and updated furnishings, showing minimal wear and tear consistent with a turnkey investment property.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the heart of downtown Pismo Beach, this property is just steps from the pier, sand, and popular dining, ensuring high desirability and consistent demand for short-term stays.
- Turnkey Investment Model
The unit comes fully furnished with professional on-site management handling all rentals, cleaning, and guest relations, offering a truly passive income stream for out-of-state investors.
- Ocean Views & Private Amenities
Features a private balcony with partial ocean views and a rare secured, gated parking space, providing significant value-add in a high-traffic beach destination.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43560, other record lot size in square feet = 554. Living area discrepancy between mls listing and other public or private record. mls listing living area = 468, other record living area = 554.
- Occupancy Restrictions
Owner usage is strictly limited to 90 days per calendar year, making this property unsuitable for those seeking a primary residence or a full-time vacation home.
- High Operational Overhead
The monthly HOA fee of $724.35, combined with separate management fees, represents a high carrying cost that may impact the net ROI for a studio-sized unit.
About 198 Main 205
Beach Dreamers and Investors--This is the perfect place for you! Seller is moving out of state. This studio comes furnished and is located on the 2nd floor giving you the perfect view. Look out to see a beautiful partial ocean view which is just steps to the Pismo Beach Pier. Dubbed the the Starfish Room in the Beach House Inn building, it is a peaceful space decorated in cool blues and teals to give that beachy vibe you have longed for. Sleeps 4 (King and Full bed). Enjoy the Balcony with the 2 seated glider as you watch the sunsets each night. It has one spacious bathroom and a kitchenette complete with a fridge, microwave, 4 electric burners and breakfast table. This unique hotel/condo allows the owner to stay up to 90 days per calendar year, and rent out the rest of the time as investors. The property management takes care of everything from rentals to cleaning to dealing with guests. All utilities, insurance are included in HOA dues. Management fees are separate. All you need to do is bring your swimsuit. Located downtown Pismo it is steps away from sand and popular restaurants. Also the secured parking garage (gated) comes with its own parking space. What more could you ask for!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2004
- Lot Size
- 43,560 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $724.35 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 468 | 1,380.727 |
| Lot Size | 43,560 | 1,482.273 |
| Price | $550.0K | $1.33M |
| Price per sq ft | $1.2K | $999 |
| Built year | 2004 | 2005 |
| HOA | $724.35 | $1.2K |
| Days on market | 341 | 115 |
Pricing History
Listed for Sale
Aug 25, 2026
$549,999
$575,000
-4% Price Drop
Initial Listing
Price Change
Oct 3, 2025
$575,000
Initial Listing
Sold
Jun 28, 2019
$525,000
Public Record