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CornerStone Real Estate

2665 Shell Beach Rd., Suite J
Shell Beach, CA  93449
805-773-4130
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Listing 9 out of 63
$1,750,000 For Sale

2460 Coburn Lane
Pismo Beach, CA 93449

4 units | Multi Family Home
8821 sq ft - MLS# PI18242176
Property Photo
1/8

Description

A rare opportunity to purchase a well maintained 4 unit apartment building in the Shell Beach St. Annes neighborhood! Located on the west side of the highway 101 near the beach and an ocean front park, this is what we call an A+ location... 2 of the larger units could easily be "owner enjoyed". The upper front unit has vaulted ceilings in the living area, fireplace, large kitchen, 2 good sized bedrooms, 1 3/4 baths, a private ocean view deck with a single car garage and 2 private parking spaces. The lower front unit is a larger unit as well, with 2 bedrooms and 1 3/4 baths, private side yard and patio, and a 2 car garage. A separate back building consists of an additional two units, both 2 bedroom 1 baths with garages. Each unit is separately metered for gas and electric. A community laundry room is centrally located with coin operated washer/dryers. A special property!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 93449
  • Year Built: 1976
  • Subdivision/Neighborhood: Shell Beach(600)
  • Stories: Two
  • Units: 4 units
  • # of Parking Spaces: 8.00
  • Lot Size: 8821 sq ft
  • View: Ocean,Peek-A-Boo, Yes
  • Zoning: R3
  • Area: PSMO - Pismo Beach
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3819.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters, Sidewalks
  • Country: US
  • Directions: shell beach road to seacliff to coburn
  • Electric Expense: 50.00
  • Fuel Expense: 90.00
  • Garage Spaces: 6.00
  • Gardener Expense: 960.00
  • Gross Income: 93940.00
  • Gross Scheduled Income: 93540.00
  • Insurance Expense: 1856.00
  • Laundry Features: Community
  • Laundry Income: 400.00
  • Laundry YN: Yes
  • Listing Agent License: 00876258
  • Listing Office License: 01451147
  • Lot Features: Gentle Slope
  • Lot Size Area: 8820.0000
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 56124.00
  • New Taxes Expense: 18225.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 4
  • Operating Expense: 37416.00
  • Operating Expense Percent: 40.00
  • Property Attached YN: Yes
  • Roof: Composition
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 7795.00
  • Total Expenses: 29881.00
  • Trash Expense: 1380.00
  • Uncovered Spaces: 2.00
  • Water Sewer Expense: 2120.00
  • Water Source: Public
Courtesy of California Property Services, Robert Lee

CornerStone Real Estate
2665 Shell Beach Rd., Suite J
Shell Beach, CA  93449
Phone: (805) 773-4130
Fax: (805) 773-4159
Contact Us

Other Offices:

CornerStone Mission Coast
125 E. Clark Ave.
Santa Maria, CA 93455
Phone: (805) 938-7681
Fax: (805) 934-9738
www.cornerstonemissioncoast.com

CornerStone Real Estate
559 Marsh St.
San Luis Obispo, CA 93401
Phone: (805) 543-8500
Fax: (805) 545-7500
www.cornerstonerealestate.com

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