NOT LISTED FOR SALE

1020 Cypress St Unit 342 & 344 Pismo Beach, CA 93449

2 Beds
2 Baths
-- Sq Ft
571 Sq Ft Lot

Last Sold October 20, 2023

Last sale price $525,000

8 Days on Market

Highlights

  • Ocean Front
  • Housekeeping Services
  • Gated with Attendant
  • Arroyo Grande High School Rated A-
  • Golf Course Community
  • Heated Pool

About This Home

As of October 2023

Have you dreamed of buying a vacation rental in Pismo Beach? Visit whenever you want and make money when you aren't using it? Well this is a unique and wonderful chance for you to become a part owner in an investment and vacation community. The Sea Gypsy is operated year round as a motel where individual unit owners relax & enjoy their personal unit any time while enjoying a share of the business profits. Each unit is fully furnished, maintained and operated by an onsite property manager. All maintenance, upkeep, marketing and booking is handled by the full time staff. This unit has three booking options for owners or guests - book a 1 bed / 1 bath unit, book the studio with full kitchen and murphy bed, or book both as a two bedroom suite that sleep six! You'll have a private owner's closet to store personal belongings year round and receive your share of the business profits quarterly. It's also pet-friendly and individual units can be purchased with multiple owners sharing a percentage! You'll enjoy a partial Ocean View, daily full maid service, pool & spa - right on the famous sands of Pismo Beach! The Sea Gypsy is ideally located directly near shopping and restaurants and has high occupancy in all seasons. Units are rarely available for purchase as they are historically passed down from generation to generation - so this is a rare opportunity to join a profitable, sustainable and low-maintenance investment property.

Last Listed By

Janelle Eagle-Robles

eXp Realty of California, Inc License #02162444 Listed on: 09/20/2023

eXp Realty of California, Inc

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • Ocean Front
  • 1 Common Wall
  • West Facing Home
  • Density is 36-40 Units/Acre

Property Views

  • Ocean
  • Panoramic

Home Design

  • Turnkey
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3-Story Property
  • Furnished
  • Built-In Features
  • Sliding Doors
  • Storage
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Freezer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Home Security

  • Home Security System
  • Pest Guard System

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Private Parking
  • Driveway
  • Unassigned Parking
  • Controlled Entrance

Pool

  • Heated Pool
  • Fence Around Pool

Outdoor Features

  • Ocean Side of Highway 1
  • Living Room Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Hot Water Heating System
  • Sewer Paid
  • Phone System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 468
  • Assessor Parcel Number 005125012

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • Pismo Beach Subdivision

Amenities

  • Housekeeping Services
  • Laundry Facilities

Recreation

  • Golf Course Community
  • Community Pool
  • Community Spa
  • Fishing
  • Water Sports

Pet Policy

  • Pets Allowed
  • Pet Restriction

Building Details

  • Gross Income $18,500
  • Net Operating Income $18,500

Security

  • Gated with Attendant
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: Unit is fully furnished
  • Price Per Unit: 510000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated with Attendant, Security System, Smoke Detector(s)
  • Subdivision Name Other: Pismo Beach (360)
  • View: Yes
  • Zoning: R4
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 005125012
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Built-in Features, Furnished, Living Room Balcony, Phone System, Storage
  • Stories: 3
  • Entry Location: Front Door
  • Common Walls: 1 Common Wall
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 3
  • Levels: One
  • Room Type: All Bedrooms Up, Kitchen

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • View: Ocean, Panoramic
  • Fence: No
  • Pool Features: Private, Association, Fenced, Heated
  • Pool Private: Yes
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Controlled Entrance, Asphalt, On Site, Private, Unassigned
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Freezer, Microwave, Refrigerator
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Pest Control, Cable TV, Electricity, Gas, Trash, Utilities, Sewer, Water, Pet Rules, Pets Permitted, Maid Service, Hot Water
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Fishing, Golf, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 571.00
  • Lot Size Acres: 0.0131

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Income: 18500.00
  • Lot Size Area: 571.0000 Square Feet
  • Net Operating Income: 18500.00
  • Number Of Units Total: 1
  • Other Expense Description: Included
  • Other Income Description: Profit Share Quarterly Payouts
  • Rent Control: No
  • Waterfront Features: Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 117.04
  • Tax Lot: 1
  • Tax Tract Number: 468

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Sold $525,000 +2.9% --
09/28/2023 09/28/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $510,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC23168445

California Regional Multiple Listing Service (CRMLS)