$525,000
For Sale

1020 Cypress Street #262

Pismo Beach, CA 93449
0.01 acres | #PI24214235
Listing OfficeKeller Williams Realty Central Coast
Browse 35 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

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.

  • Property Details
      • SubdivisionPismo Beach (360)
      • CountySan Luis Obispo
      • Property TypeMulti-Family
      • Lot DescriptionStreetLevel
      • Sewer InformationPublicSewer
      • ViewOcean, Pier
      • MLS #PI24214235
      • MLS #PI24214235
      • Original List Price$525,000
      • Property SubtypeMixedUse
      • Acres0.0143
      • Utility SourcePublic
      • Cost525000
      • Year Built1974
      • Stories1

Location

Becky BondReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

Nearby Listings in 93449