About 1020 Cypress Street 342 & 344
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.
Features of 1020 Cypress Street 342 & 344
MLS® # | PI25164751 |
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Price | $575,000 |
Bedrooms | 2 |
Bathrooms | 2.00 |
Full Baths | 2 |
Square Footage | 571 |
Acres | 0.01 |
Year Built | 1974 |
Type | Residential |
Sub-Type | Condominium |
Status | Active |
Community Information
Address | 1020 Cypress Street 342 & 344 |
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Area | PSMO - Pismo Beach |
Community Type | Condominium |
Subdivision | Pismo Beach (360) |
City | Pismo Beach |
County | San Luis Obispo |
State | CA |
Zip Code | 93449 |
Listing Map
Amenities
Amenities | Maintenance Grounds, Management, Pool, Spa/Hot Tub, Utilities |
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Parking Spaces | 1 |
Parking | Unassigned |
# of Garages | 1 |
Garages | Unassigned |
View | Ocean |
Is Waterfront | No |
Has Pool | Yes |
Pool | Heated, In Ground, Private, Association |
Interior
Interior | Carpet, Tile |
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Interior Features | Built-in Features, Balcony, Storage, Phone System |
Appliances | Electric Oven, Electric Range, Freezer, Microwave, Refrigerator |
Heating | Wall Furnace |
Cooling | Wall/Window Unit(s) |
Has Basement | No |
Fireplace | Yes |
Fireplaces | None |
# of Stories | 3 |
Stories | One |
Exterior
Lot Description | Level |
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School Information
District | Lucia Mar Unified |
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Additional Information
Date Listed | July 23rd, 2025 |
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Days on Market | 58 |
Zoning | R4 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Dennis Allan |
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Office | Allan Real Estate Investments |