Exceptional coastal investment opportunity just ½ block from the Boardwalk and beach in the heart of Downtown Pismo Beach. This well-located 7-unit apartment building offers a strong unit mix consisting of one 3-bedroom/2-bath unit, five 2-bedroom/1-bath units, and one studio, with two of the 2-bedroom units tastefully renovated in 2024. The property features covered, gated on-site parking and a convenient coin-operated laundry facility, enhancing tenant appeal and operational efficiency. Surrounded by luxury condominiums, retail, and premier coastal amenities, this irreplaceable location offers exceptional walkability and long-term upside, including potential opportunities for condo conversion or short-term rental use, subject to buyer verification with the City of Pismo Beach.