Log In/Sign Up
Your email has been sent.
STIMSON APARTMENTS 230 Stimson Ave 7 Unit Apartment Building $4,012,216 CAD ($573,174 CAD/Unit) 4.17% Cap Rate Pismo Beach, CA 93449
Investment Highlights
- TOURIST AREA
- VACATION DESTINATION
- 1 BLOCK FROM THE BEACH
Executive Summary
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. (OM IS ATTACHED)
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$239,543
|
$59.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$239,543
|
$59.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$71,863
|
$17.97
|
| Net Operating Income |
$167,680
|
$41.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $239,543 |
| Annual Per SF | $59.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $239,543 |
| Annual Per SF | $59.89 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $71,863 |
| Annual Per SF | $17.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $167,680 |
| Annual Per SF | $41.92 |
Property Facts
Amenities
Site Amenities
- Fenced Lot
- Trash Pickup - Curbside
- Storage Space
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 005-136-003 | Improvements Assessment | $1,452,868 CAD |
| Land Assessment | $1,743,441 CAD | Total Assessment | $3,196,309 CAD |
Property Taxes
Parcel Number
005-136-003
Land Assessment
$1,743,441 CAD
Improvements Assessment
$1,452,868 CAD
Total Assessment
$3,196,309 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
STIMSON APARTMENTS | 230 Stimson Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.