230 Stimson, Pismo Beach, California 93449, Pismo Beach, 93449 - bed, bath
230 Stimson
Pismo Beach, California 93449
Property Price
SUMMARY
Analysis of 230 Stimson, Pismo Beach, California 93449 is currently available with a list price of $2,999,990. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pismo Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Originally built in 1941, this multi-unit 'legacy' property appears well-maintained but shows clear signs of age consistent with its era. The exterior images reveal older siding and windows, while the listing's mention of 'below market rents' and 'upside potential' strongly suggests that the interiors, including kitchens and bathrooms, are dated and require modernization to achieve current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just one block from the beach in the downtown core of Pismo Beach, this property offers unparalleled access to local amenities and high tenant demand.
- Short-Term Rental Potential
The city allows for up to four short-term rental licenses on-site, providing a significant opportunity to maximize revenue beyond traditional long-term lease rates.
- Diverse Unit Composition
The complex features a versatile mix of seven units, including stand-alone cottages and a duplex, offering flexibility for various investment strategies or owner-user configurations.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1941, the property may require substantial capital expenditures for modernizing systems and maintaining the structural integrity of the multiple buildings.
- Below-Market Revenue
Current rents are significantly below market value, requiring the new owner to navigate management transitions or renovations to achieve the projected $18,000 monthly income.
About 230 Stimson
RARE OPPORTUNITY TO PURCHASE THIS LEGACY PROPERTY. IT IS A 7 UNIT MULTI FAMILY COMPLEX, ONE BLOCK FROM THE BEACH, IN THE DOWNTOWN CORE OF PISMO BEACH. THER ARE 3 STAND ALONE UNITS, A DUPLEX, AND 2 UNITS AT REAR OF THE PROPERTY. THERE ARE 4 GARAGES THAT ARE RENTED OUT AS WELL. RENTS ARE BELOW MARKET, BUT HUGE UPSIDE POTENTIAL, WITH THE CITY ALLOWING UP TO 4 SHORT TERM RENTAL LICENSES FOR THE PROPERTY. CURRENT MARKET RENTS TOTAL $18,000 PER MONTH. THE UNIT MIX IS, 4- 1 BED,1 BATH, 1-2 BED, 2 BATH, 1 -STUDIO AND A 2 BED, 1 BATH HOUSE, WITH A FENCED FRONT YARD.THIS PROPERTY WOULD BE A GREAT BEACH GETAWAY, WITH PLENTY OF ROOM TO STORE THE BEACH TOYS AND STILL GENERATE VACATION RENTAL INCOME.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1941
- Lot Size
- 10,875 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1941 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 26, 2026
$2,999,990
Initial Listing
Price Change
Jan 8, 2026
$3,160,000
Initial Listing
Sold
Dec 1, 2021
$2,200,000
Public Record
Sold
Apr 10, 1995
$400,000
Public Record