Description for
51 S Ocean AvenueCayucos, CA 93430
Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.
Price
$5,800,000
Town of Cayucos(540)
San Luis Obispo
6
1 Full/6 Three-Qtr
3,748 (approx)
SC24035889
Active
Description
Legacy, Opportunity, and Functionality; a Spanish Mediterranean style property that has it all. Zoned commercial, residential, and hospitality, the possibilities are rich. Situated a block from the heart of beautiful downtown Cayucos, this prime corner property includes a completely renovated 3 bedroom, 2 bathroom main residence with basement. Adjacent to the main house is a free standing 2 car garage with a 1 bedroom guest suite above that is slated for redesign. Included in the sale is a boutique motel with options for 2 suites with full kitchens, or 4 separate units if desired. The motel, modernized while capturing the classic feel, was the first to operate in Cayucos in the 1930's and features a small office. There are 5 parking spaces on site as well as 2 private spaces accessed from Pacific Street. Within 500 feet of the beautiful sandy beaches, this downtown parcel consists of 4 underlying lots, opening up the possibility of additional development. With a population of nearly 3,000, Cayucos is one of the most idyllic places to live in California and this is a rare opportunity to own an iconic beach town property with ocean views. Established short term rental business/hospitality designation offers a variety of options for the new owner.
Listing Information
Property Type: Single Family, 1 Story
6
1 Full/6 Three-Qtr
0.23 Acres
Assessor
3,748 (approx)
1938
Yes-2 spaces
1
Stucco
Town of Cayucos(540)
Public
Public Sewer
Cable Available,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
On South East corner of Pacific and Ocean, East side of the road. Enjoy!
Financial Considerations
064125040
Cash to New Loan
Listing Price History
Cayucos Real Estate
Cayucos is located in California.
Cayucos, California 93430 has a population of 2,494.
The median household income in Cayucos, California 93430 is
$69,189.
The median household income for the surrounding county is $77,840
compared to the national median of $66,222.
The median age of people living in Cayucos 93430 is 40 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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No information is available for recently sold properties within this search.