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51 S Ocean Avenue, Cayucos, CA 93430
$5,800,000
51 S Ocean Avenue, Cayucos, CA 93430View this property at 51 S Ocean Avenue, Cayucos, CA 93430
51 S Ocean AvenueCayucosCA93430
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Property 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.
Full Property Details
Full Property Details for 51 S Ocean Ave
General
- Price: $5,800,000
- Status: Active
- Type: Commercial
- MLS ID: SC24022652
- Updated: 3/22/2024
- Days on Market: 87 days
- Added to Site: 88 day(s) ago
Business
- Business Type: Hospitality, Hotel/Motel
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Common Area
Location
- County: San Luis Obispo
- Building Name: Sea Gull Motel
- Driving Directions: On South East corner of Pacific and Ocean, East side of the road. Enjoy!
Utilities
- Utility Description: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Structural Information
- # Buildings: 3
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 3892
- Square Feet: 3,892
- Year Built: 1938
- Year Built Source: Seller
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.23
- Useable Acres: .23
- Lot Size (Sq. Ft.): 10,019
- Lot Size Source: Assessor
- Lot Features: Corner Lot
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $1,490
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Investment: Yes
- Property ID: 64125040
Listed by Ciano Real Estate, Inc., FrankieCiano
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Schools
Schools serving 51 S Ocean Ave
School District:Cayucos Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
2121 Vineyard Dr, Templeton, CA 93465 | 3-5 | 11 mi | |
3223 Main St, Cambria, CA 93428 | PK-5 | 12.1 mi | |
Templeton Elementary School
215 8th St, Templeton, CA 93465 | K-2 | 12.8 mi | |
1555 El Morro Ave, Los Osos, CA 93402 | 7-8 | 9.6 mi | |
2850 Schoolhouse Ln, Cambria, CA 93428 | 6-8 | 12.6 mi | |
925 Old County Rd, Templeton, CA 93465 | 6-8 | 12.7 mi | |
235 Atascadero Rd, Morro Bay, CA 93442 | 9-12 | 5.1 mi | |
1200 S Main St, Templeton, CA 93465 | 9-12 | 12.5 mi | |
2950 Santa Rosa Creek Rd, Cambria, CA 93428 | 9-12 | 12.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 51 S Ocean Ave
Date
Details
Price
Change
Source
2/02/2024
Listed
$5,800,000
284.11%
MLS
7/20/2021
Sold
$1,510,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 51 S Ocean Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,210
2%
$1,550,200
3%
2022
$16,804
187%
$1,510,000
475%
2021
$5,865
-12%
$262,667
1%
2020
$6,695
8%
$260,088
7%
2019
$6,208
12%
$244,205
2%
2018
$5,524
66%
$239,417
2%
2017
$3,319
3%
$234,723
2%
2016
$3,230
1%
$230,121
-3%
2015
$3,197
2%
$236,666
6%
2014
$3,123
1%
$222,227
—
2013
$3,088
—
$221,224
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 51 S Ocean Ave
51 S Ocean Avenue, Cayucos, CA 93430 (MLS# SC24022652) is a Commercial property. 51 S Ocean Avenue is currently listed for $5,800,000 and was received on February 02, 2024. Want to learn more about 51 S Ocean Avenue? Do you have questions about finding other Commercial real estate for sale in Cayucos? You can browse all Cayucos real estate or contact a Coldwell Banker agent to request more information.