2555 Solano Road, Pismo Beach, CA 93449

$2,399,000
List Price
$2,399,000
Status
ACTIVE
MLS#
PI21208419
Year Built
1971
Lot Size
6,300
Acres
0.14
Lot Location
Item01UnitAcre
Days on Market
33
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels
Neighborhood
Pismo Beach (360)

Property Description

Once in a lifetime does an opportunity to acquire a cash-flowing investment property in Shell Beach. Shell Beach is an upscale neighborhood in Pismo Beach, known for its fantastic world-class dining and so much more. 100% occupied 4-unit apartment building located in the desirable Spyglass Neighborhood. This multi-family property consists of four 2 bedroom, 1 bathroom, 912 square feet units in pristine Shell Beach less than 400 feet from The Pacific Ocean. Current rents have significant room for future increases (Annual Pro-Forma Rents Show $134,000 in Gross Potential Rent.) Even more, intelligent investors know that the appreciation in Shell Beach is second to none. The building also includes a community coin-operated laundry room and its own separate utilities and tenants each have their own parking space.

Additional Information

Appliances
Disposal
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
Neighborhood, Water
Exterior Construction
Stucco
Roof
Composition, Shingle
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$87,600
Operating Expense
12466

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Abel Contreras from Keller Williams Realty Central Coast

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.