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
Listings displayed are the property of the member Associations of the Central Coast Regional MLS, and are protected under one or more of the following copyright registrations: Atascadero Association of Realtors®, Inc. Copyright 2018; Lompoc Valley Association of REALTORS®, Inc. Copyright 2018, Paso Robles Association of REALTORS®, Inc. Copyright 2018; Pismo Coast Association of REALTORS® Inc. Copyright 2018; San Luis Obispo Association of REALTORS, Inc. Copyright 3year; Santa Maria
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2018 3:10 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
