$1,400,000
$1,650,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
7,501 Sqft Lot
SOLD DATE : 11/21/2024
Key Details
Sold Price $1,400,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID PI24153404
Sold Date 11/21/24
HOA Y/N No
Year Built 1970
Lot Size 7,501 Sqft
Property Description
Don’t miss this opportunity to acquire a well maintained 6-unit apartment building in downtown San Luis Obispo. The property is comprised of (4) one-bedroom units and (2) studio apartments with newer vinyl windows throughout and luxury vinyl plank flooring downstairs. This property has a Walk Score of 83 and Bike Score of 93! Residents can enjoy the downtown restaurants, shops, and clubs as well as grocery stores and other services nearby.
With nearly 30% upside in rents, this property offers the prudent investor lots of opportunity.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 9
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 003721041
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with Steven Battaglia • Steven Battaglia, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "