969 Pismo Street

San Luis Obispo, CA 93401

$4,700,000
Price
9
Beds
4,818 Sq. Ft.
$976 / Sq. Ft.
4,818
Sq. Ft.
$976
per Sq. Ft.

Description

Don't miss this meticulously cared for, Legacy property located in the Heart of Downtown San Luis Obispo. This unique investment opportunity includes 15 units, 6 separate buildings consisting of 2 Victorian homes, 2 Duplexes, and 2 free standing units situated on a 19,500 sq ft lot. 969 Pismo is a Victorian home, a contributing property to the Historical homes list and built around 1905. Featuring 2, 1 bedroom units downstairs, a studio and a 1 bedroom upstairs, plus a detached 1 bedroom unit next...Don't miss this meticulously cared for, Legacy property located in the Heart of Downtown San Luis Obispo. This unique investment opportunity includes 15 units, 6 separate buildings consisting of 2 Victorian homes, 2 Duplexes, and 2 free standing units situated on a 19,500 sq ft lot. 969 Pismo is a Victorian home, a contributing property to the Historical homes list and built around 1905. Featuring 2, 1 bedroom units downstairs, a studio and a 1 bedroom upstairs, plus a detached 1 bedroom unit next to the shared laundry room. 1406 Morro, the Snyder House, is #112 on the List of San Luis Obispo's Historic Homes built around 1885. Featuring 5 separate apartments, 2, 1 bedroom units and a studio downstairs, a 1 bedroom unit and a studio upstairs. The remaining units share Spanish architecture and consist of 1414 Morro, a free standing duplex with a 2 bedroom apartment with an attached garage and a studio basement apartment, 1416-1418 Morro, a duplex with 2, 1 bedroom apartments, 1416 Morro has an attached garage. 1420 Morro, is a free standing 2 bedroom cottage with an attached garage. Exuding most of their original charm, most units boast cast iron tubs, original hardware and unique architectural features. There are 2 storage units on the property plus off street parking available. The property has been well maintained and cared for, the pictures cannot do it justice. This is a must see property!
  1. Listed by Hal Sweasey • DRE #01111911 • Keller Williams Realty Central Coast • 805-781-3750

Property Details for 969 Pismo Street

Parking Spaces Total
17
Private Pool
No
Cooling Type
N/K
Total Units
15.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4818
Assessor Parcel Number
003541017

Location

Listing Courtesy of Keller Williams Realty Central Coast, Hal Sweasey, DRE #01111911
Add your commute
LISTING UPDATED: 11/22/2023 12:43 AM

Property Details for 969 Pismo Street

StatusActive
MLS #SC23161329
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1885
CountySan Luis Obispo County

Location

Listing Courtesy of Keller Williams Realty Central Coast, Hal Sweasey, DRE #01111911
Add your commute

Building Information for 969 Pismo Street

Building/Complex969 Pismo StFloor-Stories2Residences-Pet Policy-Year Built1885Building Size-

Payment Calculator

$25,923 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,650

Property Taxes

$273

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 969 Pismo Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $161,616
  • Gross Scheduled Income: $230,880
  • Net Operating Income: $161,616
Expense Details
  • Operating Expense: $69,264
  • Operating Expense Percent: 30.00%
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $69,264
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: None
  • Heating Type: Wall
  • Heating: Fireplace(s), Wall Furnace
  • Heat Equipment: Fireplace
Exterior Features
  • Entry Location: Ground level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 15
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 14
  • Open Other Spaces Total: 14
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $33,600
  • Unit Type Pro Forma: 43200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $990
  • Unit Type Total Rent: $11,880
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $18,000
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $16,800
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $15,600
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 2
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $12,600
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 3
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $13,800
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 4
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $15,000
  • Unit Type Pro Forma: 18000
  • Unit Type Type: 5
Unit 9
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $48,000
  • Unit Type Pro Forma: 64800
  • Unit Type Type: 6
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $16,800
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 7
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $18,000
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 8
Unit 12
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $28,800
  • Unit Type Pro Forma: 43200
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 4

Property History for 969 Pismo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 969 Pismo Street

Taxable ValueLand$92,701Additions$155,901Total$248,602
Tax Record2023$3,278 ($273 / month)
Home Facts
Beds0Total Finished SqFt4,818 SqFtAbove Grade Finished SqFt4,818 SqFtLot Size19,500 SqFtStyleSingle Family ResidenceZoningR3CountySAN LUIS OBISPOAPN003-541-017

Schools near 969 Pismo Street

This home is within San Luis Coastal Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 4 to 6
RatingSchoolDistance
Hawthorne Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Teach Elementary School
Public4 to 6

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

969 Pismo Street is a multi-family home for sale in San Luis Obispo, CA 93401. This property was listed for sale on September 25, 2023 by Keller Williams Realty Central Coast, it's currently listed at $4,700,000. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Hawthorne Elementary School, Laguna Middle School and San Luis Obispo High School. 969 Pismo Street is a 9-bed, 0-bath, 4,818 sqft multi-family home built in 1885.

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.

Listing Courtesy of Keller Williams Realty Central Coast, Hal Sweasey, DRE #01111911

Based on information from the Santa Barbara MLS as of 09/25/2023 12:00 AM, display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and may or may not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/22/2023 12:43 AM