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351 San Luis Ave 5 Unit Apartment Building $1,730,000 ($346,000/Unit) Pismo Beach, CA 93449
EXECUTIVE SUMMARY
351 San Luis Avenue presents a rare coastal multifamily investment opportunity located just 1.5 blocks from the Pacific Ocean and within walking distance to downtown Pismo Beach. The property offers investors an exceptional combination of lifestyle appeal, supply-constrained market fundamentals, and long-term rental growth potential.
Situated in one of California’s most desirable coastal communities, the property benefits from consistent tenant demand driven by limited multifamily housing stock and a thriving local tourism economy. Its proximity to beaches, restaurants, and retail amenities enhances livability while supporting strong occupancy and rent stability.
Situated in one of California’s most desirable coastal communities, the property benefits from consistent tenant demand driven by limited multifamily housing stock and a thriving local tourism economy. Its proximity to beaches, restaurants, and retail amenities enhances livability while supporting strong occupancy and rent stability.
PROPERTY FACTS
| Price | $1,730,000 | Building Class | C |
| Price Per Unit | $346,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,994 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | ||
| Zoning | RR | ||
| Price | $1,730,000 |
| Price Per Unit | $346,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,994 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | RR |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 005-066-028 | Improvements Assessment | $218,338 |
| Land Assessment | $218,338 | Total Assessment | $436,676 |
PROPERTY TAXES
Parcel Number
005-066-028
Land Assessment
$218,338
Improvements Assessment
$218,338
Total Assessment
$436,676
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351 San Luis Ave
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