Stimson Apartments

Discover the prime investment potential of the desirable Pismo Beach location surrounding Stimson Apartments. Situated in the vibrant coastal community of Pismo Beach, CA, this area offers a perfect blend of serene coastal living and convenient urban amenities. Investors will appreciate the proximity to picturesque beaches, popular dining and shopping destinations, and easy access to outdoor recreational activities. Just one block from the beach, this location presents an exciting opportunity for low-rise/garden multifamily investors seeking to capitalize on the demand for high-quality, well-located residential properties. Vacation rental licenses are available, adding an additional layer of opportunity for investors looking to maximize their returns. Embrace the allure of coastal living and the promising investment prospects in this sought-after location.7 UNIT MULTI FAMILY COMPLEX, IN THE DOWNTOWN CORE OF PISMO BEACH,JUST ONE BLOCK FROM THE BEACH. 3 STAND ALONE BUNGALOW 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 APPROX. $18,000 PER MONTH