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Ocean-View Apartment Building
For Sale
$1,730,000

351 San Luis Ave, Pismo Beach, CA 93449

Five-unit coastal property with a private-balcony studio, shared patio, garage, laundry room, and storage shed.

Property SizeContact for details
Days on Market139

Property Features for 351 San Luis Ave

General Information

Standard status Active
Property subtype Residential Income
Listing Agency: San Luis Bay Realty
Listed By: Kris Nafziger
Source: Exprealty
Added: Apr 3 Changed: Aug 17 Last Checked: Aug 18 at 11:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of San Luis Bay Realty

Investment Insights

Based on property information with market context.

351 San Luis Ave is an apartment property with five residential units: one one-bedroom apartment, three studios, and an upper-level studio with a private balcony oriented toward ocean views. Shared amenities include an outdoor patio, coin-operated laundry room, one-car garage, and separate storage shed. The garage, laundry room, and shed are currently rented in addition to the residential units.

The property is just over a block from the sand in Pismo Beach and within walking distance of the pier, downtown shops, and restaurants. Recent work includes a new roof, new balcony railing, newer exterior paint, and updates to the plumbing and electrical systems. The configuration also allows an owner to occupy one unit while the remaining units generate rental income, as supported by the existing residential layout.

Key Highlights

  • Five residential units: one one‑bedroom, three studios, and one upper‑level studio
  • Upper‑level studio has a private balcony with ocean views
  • Just over a block from the sand and within walking distance of the pier

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store Pharmacy Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

678
Businesses Nearby

Demographics for 93449, CA

8,096
Population
6,060
Households
1.3
Avg Household Size
55
Median Age
50%
College-Educated
98%
High-School Grad
9.9 sq mi
ZIP Area
818
Density / Sq Mi
$112,913
Median Household Income
$62,440
Median Earnings
$2,298
Median Rent
$992,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit coastal property with a private-balcony studio, shared patio, garage, laundry room, and storage shed.
Where is this apartment building located?
The property is located at 351 San Luis Ave Pismo Beach, CA.
What is the asking price?
The asking price for this property is $1,730,000.
What are key features of this property?
This property features: Five residential units: one one‑bedroom, three studios, and one upper‑level studio; Upper‑level studio has a private balcony with ocean views; Just over a block from the sand and within walking distance of the pier
More about this property
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