Top Income Opportunities in Pismo Beach Real Estate
- Justin Stoner
- Jan 3
- 3 min read
If you’re considering investing in real estate in Pismo Beach, you’re looking at one of California’s prime coastal markets. Pismo Beach offers diverse options, from multi-unit apartment buildings to vacation condos, catering to a variety of investment goals.
Below, we’ll break down four exciting opportunities currently on the market, highlighting key details and buyer insights for each.
This 7-unit apartment building is located just half a block from the Pismo Beach boardwalk, making it a desirable property for both long-term tenants and potential vacation renters.
Investment Overview:
List Price: $5,700,000
Net Operating Income (NOI): $235,978
Price/Sqft: $918.76
Cap Rate: 4.14%
Property Details:
1 three-bedroom unit, 5 two-bedroom units, and 1 one-bedroom unit.
On-site gated parking and coin-operated laundry.
Recent renovations in two of the units (2024).
Why Invest?
The lack of rent control offers flexibility to adjust rental rates.
High demand due to its prime location in a tourist-heavy area.
Potential for value addition through further renovations.
Located a block from the ocean, this property combines charm and convenience in downtown Pismo Beach.
Investment Highlights:
List Price: $1,850,000
Net Operating Income: $60,000
Price/Sqft: $650.49
Cap Rate: 3.24%
Property Details:
Unit mix: 1 one-bedroom unit, 3 small studios, and 1 large ocean-view studio with a balcony.
Shared patio area for tenants.
Why Invest?
Perfect for owner-occupants looking to live on-site while earning rental income.
Rent control applies, but the property’s proximity to the ocean ensures long-term tenant demand.
Potential to capitalize on short-term rental opportunities, subject to city regulations.
This condo offers a unique investment opportunity within a fully managed motel just steps from the iconic Pismo Beach Pier.
Investment Overview:
List Price: $525,000
Price/Sqft: $845.41
Net Operating Income: N/A (profit-sharing model).
Property Features:
Fully furnished 1-bedroom, 1-bath unit with ocean views.
Managed by the motel, with bookings, maintenance, and management handled for you.
Owners benefit from quarterly profit distributions.
Why Invest?
Low-effort, turnkey investment for those seeking passive income.
Flexible personal use policy for the unit.
Ideal for buyers who want a part-time vacation property that generates income when not in use.
This rare 7-unit multifamily property is located in the downtown core, just one block from the beach.
Investment Overview:
List Price: $3,490,000
Net Operating Income: $134,400
Price/Sqft: $872.50
Cap Rate: 3.85%
Property Features:
Unit mix includes 4 one-bedroom units, 1 two-bedroom unit, 1 studio, and a two-bedroom house.
Eligible for up to 4 short-term rental licenses.
Why Invest?
Below-market rents offer substantial upside potential.
High demand for short-term rentals in the area.
Flexible configuration allows for diversification of income streams.
Key Takeaways for Pismo Beach Investors
175 Stimson Ave and 230 Stimson Ave are excellent for investors seeking steady income with the potential for value addition through renovations and rent adjustments.
351 San Luis Ave is ideal for owner-occupants or those prioritizing proximity to the beach.
1020 Cypress St offers a hands-off investment opportunity with quarterly returns.
Pismo Beach continues to be a highly attractive market for real estate investors. Whether you’re looking for a steady income stream or a hybrid vacation property, these listings provide compelling options. Let’s discuss which property aligns best with your investment goals.
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