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.
MLS #
CRSC24035889
MLS Source
California Regional MLS
Days on Site
68
Buyer's Brokerage Compensation*
2.00%
Fireplace
Living Room
Laundry
Laundry Area
Cooling
None
Roof
Tile
Pool
None
Style
Spanish
Garage/Parking
Attached Garage, Other, RV Possible, Garage: 2 Car(s)
Elementary District
San Luis Coastal Unified
High School District
San Luis Coastal Unified
HOA Fee
$0
51 S Ocean Ave is a Single Family Residence in Cayucos, CA 93430. This 3,748 square foot property sits on a 10,019 Sq Ft Lot and features 6 bedrooms & 7 full bathrooms. It is currently priced at $5,800,000 and was built in 1938.
This address can also be written as 51 S Ocean Ave, Cayucos, CA 93430.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of February 22, 2024. For the most current information, please contact Frankie Ciano, (805) 748-1026