$1,495,000
●
House -
Off Market
861 Merced Street
Pismo Beach, CA 93449
2 Beds
2 Baths
1,833 Ft²
$7,832
Est. Monthly
About This Property
Views, Views, Views!!! Location, Location, Location!!! Welcome to
this AWESOME Pismo Heights Home located at 861 Merced St, Pismo
Beach California. Perched on a hill offering Panoramic OCEAN, Dune,
and Pismo Preserve views! This home offers 1833 sq ft of living
space with 2 bedrooms and 2 full bathrooms featuring a beautiful
deck and downstairs patio space overlooking the Pacific
Ocean. Upon entering, you'll be immediately drawn to the
Spectacular OCEAN & Dune views from the Great room, Living room,
Dining area and kitchen. The spacious Great Room seamlessly flows
onto a large deck making it the prime spot to enjoy Breakfast,
Lunch and Dinner, whale watching and Breathtaking Sunrises &
Sunsets. Upstairs has a bedroom and full bathroom, downstairs you
will enjoy a sanctuary space of tranquility with the SPECTACULAR
views and own private entry door. The 2-car garage includes
the laundry area. This gives you the option to make this your
primary residence, a rental, or a remodel into a once in a lifetime
DREAM home. Incredible location, providing easy access to
everything you need and enjoy on the Central Coast of California.
This home is a Entertainers Delight to create a one-of-a-kind
living experience! This home is truly a rare opportunity,
once in a lifetime location has not been on the market in over 40
years! **Home built 1968, Year is not exact unable to obtain built
year**
Unit Size
1,833 Ft²
Days on Market
124 days
Land Size
0.11 acres
Price per sqft
$870
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #PI25004698)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Jan 8, 2025 | Listed by Berkshire Hathaway Home Servic | $1,595,000 | |
| Listed by Berkshire Hathaway Home Servic | |||
Property Highlights
Garage
Parking Available
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Pismo Beach
Similar Homes for Sale
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Listed by: Kathy Curtis, Berkshire Hathaway Home Servic
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PI25004698
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PI25004698
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