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Key Details
Sold Price $4,900,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID SC21148857
Sold Date 11/30/21
HOA Y/N No
Year Built 1962
Lot Size 0.738 Acres
Property Description
Opportunity to acquire a well maintained and managed 18 unit income property located in a desirable location in regards to Downtown SLO and Cal Poly. 1.1 miles to the Grand Ave entrance, 1 mile to the California St entrance, 0.8 miles to the downtown area, and easy access to the bus lines The apartment complex features two studio apartments, 15 2bd/1ba apartments, and one 3bd/1ba apartment. Has two on-site parking lots and an on-site laundry room. The property has received capital improvements such as new paint and upgraded windows. Tenant mix has historically been students with low vacancy rates.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Fireplaces Type Bath, Kitchen
Fireplace Yes
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Cul-De-Sac
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 01123027
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Other
Special Listing Condition Standard
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Bought with Elizabeth Lee • Triad Real Estate Group
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