Pismo Beach, CA 93449 111 Montecito Avenue
$1,595,000
6 more
Presented By: Kevin Zepeda with Res Com Services; slocoastproperty@yahoo.com
- MLS# PI25147310
- 07/01/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 6
Full/Half Baths • 3 / 1
SQFT • 3,428
Home Details
Very hard to find multi-unit property located in the Shell Beach area of desirable Pismo Beach. This triplex building consists of three spacious 2bd units (3428sq') with covered off street parking. Beach access, local shops, community parks, and restaurants are all conveniently located a short distance away. Looking for a unit to call your own while still generating income? Have a 1031 Exchange and want an investment property near the beach? Enjoy all that this coastal community has to offer and have a look at this excellent investment opportunity.
Presented By: Kevin Zepeda with Res Com Services; slocoastproperty@yahoo.com
Interior Features for 111 Montecito Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 111 Montecito Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces4.0
Carport Y/NYes
CityPismo Beach
Community FeaturesBiking, WaterSports
CoolingNone
CountySan Luis Obispo
Current FinancingConventional
DirectionsShell Beach Road to Montecito Ave.
Electric Expense1100.0
Entry LocationFront Door
Expected Active Date 2025-07-07
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income65880.0
HOANo
HOA Fee$0.0
HeatingSpaceHeater
Home Warranty Y/NNo
Insurance Expense1500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, Exchange1031
Lot Size Square Feet4750.0
Lot Size UnitsSquareFeet
MLS AreaSLBH - Shell Beach
MobileHomeRemainsYNNo
Net Operating Income56680.0
New ConstructionNo
Number Of Units Total3
Open Parking Spaces2.0
Operating Expense9200.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tenant PaysElectricity, Gas
Trash Expense1800.0
UtilitiesCableAvailable, ElectricityAvailable, NaturalGasAvailable
Water Sewer Expense4800.0
Year Built1978
Year Built SourcePublicRecords
Exterior for 111 Montecito Avenue
Building Area Total3428.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.109
Lot Size Area4750.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesAttachedCarport
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate