305 Leeward Avenue

Pismo Beach, CA 93449

$2,500,000
Last Sold Price
10
Beds
5
Baths
3,846 Sq. Ft.
$650 / Sq. Ft.
3,846
Sq. Ft.
$650
per Sq. Ft.

Description

Don't miss this rare opportunity to own an income-producing coastal oasis in the highly sought-after Shell Beach, CA! This extraordinary multi-unit property boasts three delightful stand-alone cottages and a charming duplex, each featuring 2 bedrooms, 1 bathroom, and convenient interior laundry hook-ups. Each with captivating warm, inviting atmospheres. Complemented by thoughtfully designed layouts and various modern updates. Imagine unwinding in the communal courtyard, a tranquil space perfect for...Don't miss this rare opportunity to own an income-producing coastal oasis in the highly sought-after Shell Beach, CA! This extraordinary multi-unit property boasts three delightful stand-alone cottages and a charming duplex, each featuring 2 bedrooms, 1 bathroom, and convenient interior laundry hook-ups. Each with captivating warm, inviting atmospheres. Complemented by thoughtfully designed layouts and various modern updates. Imagine unwinding in the communal courtyard, a tranquil space perfect for relaxation and rejuvenation. And with individual storage sheds, you'll have the perfect spot to stow away beach essentials or seasonal belongings. Situated on a large parcel that has the potential to be split and is just a stone's throw away from the ocean, this property not only offers immediate income but also holds incredible potential for redevelopment or as a cherished family legacy. Embrace the coastal lifestyle by immersing yourself in the vibrant local community. Whether you're an avid outdoor enthusiast or a connoisseur of relaxation, this coastal paradise has something for everyone. Indulge in the nearby coffee shops, dine at delicious restaurants, explore unique boutiques, or pamper yourself at luxurious spas. Don't miss this opportunity to own a piece of paradise as well as its income-production with limitless potential in one of California's most coveted coastal destinations. Schedule a viewing today and let your coastal dreams become a reality!

Listing Agents

  1. LeeAnne Fisher

    LeeAnne Fisher

    Listing Agent

    Compass

    DRE #01082922

  2. Summer Kabaker

    Summer Kabaker

    Alternative Listing Agent

    Compass

    DRE #01931668

Property Details for 305 Leeward Avenue

Architectural Style
Bungalow
View
Courtyard, Neighborhood, Peek-A-Boo
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Compass, LeeAnne Fisher, DRE #01082922; Compass, Summer Kabaker, DRE #01931668

Sold By Manuel Ortiz Real Estate, Manuel Ortiz Jr., DRE #01788064

Add your commute
LISTING UPDATED: 01/04/2024 10:25 AM

Property Details for 305 Leeward Avenue

StatusClosed
MLS #SC23184415
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
CountySan Luis Obispo County

Location

Listing Courtesy of Compass, LeeAnne Fisher, DRE #01082922; Compass, Summer Kabaker, DRE #01931668

Sold By Manuel Ortiz Real Estate, Manuel Ortiz Jr., DRE #01788064

Add your commute

Building Information for 305 Leeward Avenue

Building/Complex305 Leeward AveFloor-Stories1Residences-Pet Policy-Year Built1949Building Size-

Payment Calculator

$15,675 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$2,031

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 305 Leeward Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $140,175
  • Gross Scheduled Income: $140,175
  • Net Operating Income: $99,507
  • Financing: Cash
Expense Details
  • Operating Expense: $40,668
  • Fuel Expense: $0
  • Licenses Expense: $8,411
  • Electric Expense: $7
  • Insurance Expense: $2,764
  • Professional Management Expense: $8,582
  • Other Expense: $23,955
  • Other Expense Description: Taxes
  • Trash Expense: $2,086
  • Water Sewer Expense: $3,444
  • Total Expenses: $40,668
Tax / Assessment Info
  • Tax Block: 15
  • Tax Tract Number: 24
  • Tax Census Tract: 117.04
  • CFD/Mello-Roos Fee: $24,377
  • Tax Lot: 1,3,5
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Gutters, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Tankless Water Heater, Water Heater
  • Equipment: Inside, Washer Hookup
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Combination
  • Heating: Combination
  • Heat Equipment: Combination Heating
  • Flooring: Carpet, Laminate, Vinyl, Wood
Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Partial
  • Fencing: Partial
  • Foundation Details: Combination, Slab
  • Other Structures: Shed(s)
  • View Description: Courtyard, Peek-A-Boo
  • Waterfront Features: Ocean Side of Freeway
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street, Lot 6500-9999
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $140,175
  • Unit Type Total Rent: $140,175
  • Unit Type Pro Forma: 140175
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 305 Leeward Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 305 Leeward Avenue

Taxable ValueLand$1,203,009Additions$984,280Total$2,187,289
Tax Record2023$24,377 ($2,031 / month)
Home Facts
Beds9Total Finished SqFt2,853 SqFtAbove Grade Finished SqFt2,853 SqFtLot Size8,960 SqFtStyleSingle Family ResidenceYear Built1949CountySAN LUIS OBISPOAPN010-352-004

Schools near 305 Leeward Avenue

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 8 to 12
Public - 9 to 12
Rating
School
Distance
Shell Beach Elementary School
PublicK to 6

Judkins Middle School
Public7 to 8

Arroyo Grande High School
Public8 to 12

Lopez Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Compass, LeeAnne Fisher, DRE #01082922; Compass, Summer Kabaker, DRE #01931668

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.