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Listed by Dennis Allan • Allan Real Estate Investments
$ 575,000
Est. payment /mo
Active
1020 Cypress Street Pismo Beach, CA 93449
2 Beds
2 Baths
571 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 571 sqft
Price per Sqft $1,007
MLS Listing ID PI-25164751
Bedrooms 2
Full Baths 2
Year Built 1974
Lot Size 571 Sqft
Property Sub-Type Condominium
Property Description
Discover your slice of coastal paradise with this rare investment opportunity at the Pismo Beach Sea Gypsy Motel. This unique property combines the best of both worlds: a personal beachside retreat and a profitable vacation rental investment, all managed completely hands-off by professional staff. This versatile unit offers incredible flexibility with three distinct booking configurations: enjoy it as a spacious 1-bedroom/1-bathroom suite, utilize the studio portion with full kitchen and Murphy bed separately, or combine both spaces into a luxurious 2-bedroom accommodation sleeping up to six guests. The panoramic ocean views create the perfect backdrop for your coastal getaway. As an owner, you'll benefit from quarterly profit distributions while the dedicated onsite management team handles every detail - from guest bookings and maintenance to daily housekeeping and marketing. Your fully furnished unit comes complete with an owner's private storage closet for personal belongings, allowing you to truly make this space your own. Located just steps from Pismo Beach's famous sandy shores, the bustling pier, and downtown's vibrant dining and shopping scene, the Sea Gypsy enjoys exceptional year-round occupancy rates. Guests and owners alike enjoy access to the pool, spa, onsite laundry, daily maid service, and pet-friendly accommodations. Units at the Sea Gypsy are treasured family assets, rarely coming to market, making this a once-in-a-lifetime opportunity to join this profitable and sustainable investment community. Experience the ultimate in low-maintenance coastal ownership where your only job is to relax and enjoy the returns. Please note: Coastal Commission restrictions limit owner occupancy to 30 days per quarter. Do not contact Sea Gypsy Motel staff or guests directly.
Location
State CA
County San Luis Obispo
Area Psmo - Pismo Beach
Zoning R4
Interior
Interior Features Balcony, Built-In Features, Phone System, Storage
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplaces Type None
Laundry Community
Exterior
Garage Spaces 1.0
Pool Private, Heated, In Ground
Community Features Fishing
View Y/N Yes
View Ocean
Building
Lot Description Level
Sewer Public Sewer