198 Main Street Unit 5, Pismo Beach, CA 93449

Property Description

Welcome to the beautiful Pismo Beach House Inn! This stunning studio-style condominium boasts a spectacular ocean view from second floor. A 30-second walk to the beach, with full boardwalk access to downtown. Seller states net receipts for the year, are between $1,200 and $1,500 average per month consistently for previous years. Units in the building are set for two-day guest minimum stay on major holidays. For this coming July 4th weekend, the management reports that room is reserved for $1,500 for the two-night stay. Unit owners may stay up to 90-days, per the Coastal Commission. Unit owners may set their unit’s website to link to building’s website for booking. Dynamic pricing model keeps room pricing as high as demand allows. Website is professionally marketed and managed. For Unit #207: HOA dues are $460.17 per month, including all utilities and general maintenance. Reserve is $169.49 per month for unforeseen maintenance expenditures. Total dues and reserve: $629.66 per month. Current management fee is 25% and according to manager, should be reduced to 15% when new accounting system is in place. The design and constructions of the building is rock solid, ensuring safety and comfort, your home away from home! Walls, doors, and windows are all soundproof, providing a super quiet get-away! The 14 units are individually owned. The property is professionally managed. Unit# 207, is 468 square feet and comes fully furnished with two queen beds, a smart TV, table with two chairs, one cushioned chair, and a nightstand. Kitchenette is equipped with a full-size refrigerator, microwave, 2-burner cooktop, and coffee maker. The bathroom includes a shower, bathtub, and vanity with a wall fireplace heater that keeps the condominium toasty-warm. See video links below Unit$ 207 is the largest studio unit in the building, with great views. You may key into the garage for private parking on the lower floor. The building owner is currently in negotiations for cell tower installed on roof, if successful, all owners will share the tower revenues. The unit may be remodeled to suit owners. https://cdn.muse.ai/u/kQXGNUX/7f3ad048ee9d0cd559207700245d6f748f73876ffcff599dc0db7eaf5b31e4f6/videos/video.mp4 https://cdn.muse.ai/u/kQXGNUX/a2bd889701b30602164557dd91e1bcd8d49751e0f69e19e34ec0c8e0da01b533/videos/video-1080p.mp4