2520 Coburn Lane, Pismo Beach, California 93449, Pismo Beach, 93449 - 0 bed, 0 bath
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2520 Coburn Lane
Pismo Beach, California 93449
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,130Sq Ft
8,750Lot Size
Property Price
LIST PRICE$2,390,000
SUMMARY
Analysis of 2520 Coburn Lane, Pismo Beach, California 93449 is currently available with a list price of $2,390,000. 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
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1962, this property is over 60 years old. While interior photos show some partial renovations in the bathrooms (modern vanities and fixtures in some units), other areas remain dated with older cabinetry and finishes. The presence of an unpermitted studio conversion and the age of the structure suggest that while functional, the property requires modernization of systems and cosmetic updates to meet current luxury standards for the area.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the exclusive Shell Beach neighborhood, the property is just eleven houses away from ocean cliffs and surrounded by multi-million dollar homes, ensuring long-term value.
- Ocean Views
The two front units offer desirable ocean views, a premium feature that significantly enhances rental appeal and marketability in the Pismo Beach area.
- Diverse Income Potential
This quadruplex features a mix of two-bedroom and one-bedroom units, plus a laundry room and a recreation lounge, providing multiple avenues for revenue generation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3130, other record living area = 1806.
- Unpermitted Conversion
A garage has been converted into a studio apartment without permits, which presents potential legal, zoning, and financing risks for a new owner.
- Aging Infrastructure
Built in 1962, the property may require significant capital investment for modernization or repairs to meet the standards of the surrounding luxury neighborhood.
About 2520 Coburn Lane
This Four Plex is in the exclusive Shell Beach neighborhood of Pismo Beach, and surrounded by multi-million dollar single family homes. Eleven houses away are the ocean cliffs, and another few homes away is Memory Park and the Spyglass Tide-pools. Ocean views from the two front units, which are both two bedroom, one bath plus a garage for each. In the rear are two 1 bedroom units over the four garages. One garage is for the owner's use, and the other has been converted into a studio apartment but it not permitted. There is also a laundry room, and a recreation / lounge area with a fireplace. A detailed brochure is in the attached supplememts.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 8,750 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Sep 3, 2026
$2,390,000
Initial Listing
Sold
Apr 10, 2015
$1,200,000
Public Record