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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$2,400,000

Est. payment - /mo

5 Beds

2 Baths

5,750 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC26174124

Bedrooms 5

Lot Size 5,750 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Amazing opportunity to own 4 fully renovated, high income producing units for a total of 10 bedrooms in downtown San Luis Obispo with several off street parking spots and a private laundry room. There are two buildings and each building has one 3 bedroom unit and one 2 bedroom unit ensuring high income for years to come. Over the past year each unit has received a thorough renovation. The property has seen electrical updates including new panels, plumbing updates, new appliances, new interior and exterior painting and new flooring. Unit A is a 3 bedroom 1 bath open floor plan with new cabinets, quartz counters, luxury vinyl plank flooring (LVP), remodeled bathroom, a tankless water heater and a new furnace. Unit B retains much of the vintage charm from when the back building was built that includes refinished original cabinets and a one piece custom sink and countertop. There is plenty of light in this 2 bedroom unit with updated forced air heating, new shower, original hardwood and vintage tile. Units C & D are in the front building that was built in 2000, although Unit D was just built in 2023 so everything is new in that unit. Unit C is a 3 bed 1 bath unit with vaulted ceilings, a balcony and unique corner windows that bring in more natural light. Unit D has 2 bedrooms, 1 bath, modern finishes that include white shaker cabinets, LVP flooring, quartz counters, black hardware and a mini-split to provide heat and AC. Each unit has separate electric meters and current rents have plenty room for increase.

Location

State CA

County San Luis Obispo

Zoning Public Rec

Direction From downtown, head south on Broad then left of Leff

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 003555026

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Rodessa Newton, DRE#01392093 Triad Real Estate Group

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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1130 Leff Street San Luis Obispo, CA 93401