For Sale: Third in Chipipe Beach

This building is very well maintained inside and out. Definitely one of the best looking buildings in Chipipe.

Floor: 7th

Sq. ft: Approx. 1,700

Bedrooms: 3

Bathrooms: 2 ½

Social Area: No pool, only lobby gathering area.

Parking/Storage: One covered parking space with storage closet.

Price: $240,000 negotiable, includes furniture

Impression:  This is an impressive building to look at. This condo needs nothing to make it a very nice ocean front retreat. It has excellent rental potential for possible long term renters 6-12 months. There is no true outside balcony but the sliders open fully. The kitchen and bath remodel was done a while ago but still looks fresh. However, it was done with lower end materials. The vaulted ceiling in the living room helps to make it feel bigger. This condo suffers in two areas. First, it is a narrow/long condo, I call it “hallway” living space. You never truly get an open feeling in this type of condo even with sparse furnishings. Secondly, it is priced just over $140.00 a sq. ft. It would take a substantial reduction to get it closer to a reasonable $100 per sq. ft. 

The vaulted ceilings and full sliders help make the living room feel more spacious. 

The kitchen and baths were remodeled, but with lower-end materials. It is clean and functional but not as impressive as the price would suggest.  

The bedrooms, including the master, are in the back of the building.

For Sale: Second in Chipipe Beach

As we stated earlier, Chipipe is our favorite beach area in the Salinas peninsula area. It’s no mystery why we purchased a condo here. The condos in Chipipe offer magnificent panoramic views of  beach and ocean. 

Another typical building.

Floor: 3rd

Sq. ft. Approx. 2,100 inside with additional outdoor living area of Approx. 1,400 sq. ft.

Bedrooms: 4

Bathrooms: 3 ½

Overall Condition: Very original condition. This condo has not been remodeled or updated. Would require complete remodel of kitchen and bath areas including removal of walls. The water supply lines would all have to be replaced. The electrical panel and much of the wiring would also require updating. The outdoor living area needs a complete renovation.

Social Area: No pool only lobby gathering area.

Parking/Storage: One covered parking space with storage closet.

Price: $160,000 firm

Impression: This is a very original condition condo that shows its age. This one is only for the serious remodeler. I would call it a chunk of coal waiting to be transformed into a diamond. The sheer size of this condo is impressive. Normally you would only find this amount of space in a penthouse. Being on the third floor may put off some. However, it is high enough and designed such that sweeping views of the beach are offered. The biggest draw is the potential for unlimited outdoor living possibilities. The price is keeping this one on the market. I would estimate a remodel cost of $50,000 to transform this into an impressive condo with an unparalleled outdoor living area.  A total investment of approximately $220,000 would put this at the high end of the market with little or no immediate equity. This is definitely a hold-and-enjoy condo for 2-3 years and see if appreciation offers a reward.

This building is maintained well on the inside. The building needs to be repainted on the outside.

 The outside living area is large, approx. 1,400 sq ft.

The living room is good sized but could be made larger by removing one of the front bedrooms.

The kitchen and laundry area are divided by a common wall. Once removed a large kitchen could be planned.  

The master bedroom is in the front of the building offering ocean views from the sliding doors.

Typical bedroom on backside of building.