$525,000
1020 Cypress ST #262 Pismo Beach, CA 93449
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$525,000
Est. payment /mo
622 Sqft Lot
UPDATED:
11/18/2024 09:38 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Pismo Beach (360)
MLS Listing ID PI24214235
HOA Y/N No
Year Built 1974
Lot Size 622 Sqft
Property Description
Welcome to your own coastal getaway, just steps from the iconic Pismo Beach Pier and downtown’s bustling shops and restaurants. This beautifully furnished condo offers more than just a vacation home—it's a chance to own part of a fully managed motel. Enjoy personal use of your unit whenever you like (some usage restrictions and fees apply), and the motel rents it out when you're not there. Motel management handles everything from guest bookings to maintenance. As an owner, you'll benefit from the potential for quarterly profit distributions. This hands-off investment lets you savor beachfront vacationing while generating income. Quarterly owners' meetings provide insight into your investment, ensuring peace of mind. Located on the second floor, this unit offers partial ocean views and a peek-a-boo view of the pier. The flexible 1-bedroom, 1-bathroom floor plan features a murphy bed in the living room, a full kitchen, living room, dining area, and an "owner's closet" for secure storage of personal belongings.
*Please note: This unit is being sold privately by the owners of Unit 262 at the Sea Gypsy Motel. Please do not contact staff or guests of the Sea Gypsy Motel.
*Please note: This unit is being sold privately by the owners of Unit 262 at the Sea Gypsy Motel. Please do not contact staff or guests of the Sea Gypsy Motel.
Location
State CA
County San Luis Obispo
Area Psmo - Pismo Beach
Zoning R4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool Heated, In Ground, Private
Community Features Suburban
View Y/N Yes
View Ocean, Pier
Private Pool Yes
Building
Lot Description Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 005124016
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Trust
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Listed by Scott Haigwood • Keller Williams Realty Central Coast • 805-710-3168