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Key Details
Sold Price $525,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Subdivision Pismo Beach (360)
MLS Listing ID SC23168445
Sold Date 10/20/23
Construction Status Turnkey
HOA Y/N Yes
Year Built 1974
Lot Size 570 Sqft
Acres 0.0131
Property Description
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.
Location
State CA
County San Luis Obispo
Area Psmo - Pismo Beach
Zoning R4
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Built-in Features, Balcony, Furnished, Phone System, Storage, All Bedrooms Up
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Electric Range, Freezer, Microwave, Refrigerator
Laundry Common Area
Exterior
Garage Asphalt, Controlled Entrance, On Site, Private, See Remarks, Unassigned
Fence None
Pool Fenced, Heated, Private, Association
Community Features Fishing, Golf, Water Sports
Utilities Available See Remarks
Amenities Available Electricity, Gas, Hot Water, Maid service, Pool, Pet Restrictions, Pets Allowed, Spa/Hot Tub, Trash, Cable TV, Utilities, Water
Waterfront Description Ocean Front,Ocean Side Of Highway
View Y/N Yes
View Ocean, Panoramic
Roof Type Asphalt
Accessibility None, See Remarks
Parking Type Asphalt, Controlled Entrance, On Site, Private, See Remarks, Unassigned
Total Parking Spaces 1
Private Pool Yes
Building
Lot Description 36-40 Units/Acre
Faces West
Story 3
Entry Level One
Foundation Slab
Sewer Public Sewer, Sewer Tap Paid
Water Public
Architectural Style See Remarks
Level or Stories One
New Construction No
Construction Status Turnkey
Others
HOA Fee Include Pest Control,Sewer
Senior Community No
Tax ID 005125012
Security Features Security System,Gated with Attendant,Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Janelle Eagle-Robles • eXp Realty of California, Inc
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