Address
383 Lemon Street San Luis Obispo, CA
Price
$ 2,195,000
Property Attributes
  • MLS#SP18068676
  • TypeIncome
  • CountySAN LUIS OBISPO
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • NeighborhoodSan Luis Obispo
  • Zip93405
  • Style
  • Price$ 2,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4434
  • Lot Size12,500 SqFt
Listing Provided Courtesy Of:
Clint Nunes with Triad Real Estate Group.
Property Description

Here's your chance to buy an amazing 6 unit income property close to Cal Poly and downtown San Luis Obispo that great for students. This property brings in $12,550 per month and has room for more income providing a strong CAP Rate. The large 12,500 sq ft property has just undergone a significant amount of work starting with new roofs and new paint on all buildings. Most units have new kitchen and bathroom cabinets, new counters and sinks, new water heaters, new furnaces, new tile and laminate flooring, and new windows. Even the yard ensures minimal maintenance for the new owner. The property is comprised of 4 buildings on the corner of Olive and Lemon St. It has (2) 3 bedroom houses, 1 duplex with 1 bedroom in each and another duplex with a 2 bedroom unit and a 1 bedroom unit. Coin operated laundry brings in additional income. Plenty of off street parking and a large, low maintenance courtyard make a great area to hangout after class. Each unit has separate electric meters that tenants pay. Owner pays for water, gas and trash.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/26/2018 Listed $2,195,000

General Features

Attached Structure Attached
Community Features Curbs
HOA Fee 0.00
Levels Two
Listagentstatelicense 01954616
Listing Agent Clint Nunes - BRE#01954616
MLS Area SLO - San Luis Obispo
Number of Units Leased 6
Price Per Square Foot 495.04
Property Attached Y/N 1
Special Listing Conditions Standard
Subdivision San Luis Obispo(380)
Subdivisionnameother San Luis Obispo(380)
Total Units 6
Utilities Sewer Connected, Water Connected
Zoning R2

Interior Features

Average1bedareaunits Square Feet
Average2bedareaunits Square Feet
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls 2+ Common Walls
Cooling None
Flooring Laminate, Tile, Wood
Heating Wall Heater
Heating Y/N 1
Laundry Features Community
Laundry Y/N 1

Exterior Features

Building Area Total 4434.00
Garage Spaces 0.00
Lot Features 11-15 Units/Acre, Lot 10000-19999 Sqft
Lot Size Source Assessor
Lot Size Square Feet 12500.00
Lotsizeunits Square Feet
Number of Buildings 4
Number of Separate Electric Meters 6
Number of Separate Gas Meters 5
Number of Separate Water Meters 3
Pool Features None
Roof Composition
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93405

Price
AVG $11.6M
$2.2M
Visits
AVG 40
10
Year Built
AVG 1960
1935
Walkscore
AVG 62
64

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