NOT LISTED FOR SALE

1130 Olive St San Luis Obispo, CA 93405

Santa Rosa Neighborhood
8 Beds
5 Baths
2,702 Sq Ft
7,500 Sq Ft Lot

Last Sold February 21, 2018

Last sale price $1,021,000 $378 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Santa Rosa Park
  • Bishop's Peak Elementary School Rated A
  • Level Lot

About This Home

As of February 2018

Great San Luis Obispo investment opportunity! Two homes on large, downtown lot. First home is a 3 bed/2 bath currently renting for $2100/month. Second home is a 5 bed/3 bath currently renting for $4200/month, for a total of $6300/month. Current owners have not raised rents in a few years and leases are below market. Conveniently located close to Cal Poly, downtown, shopping, easy freeway access, and more. Both homes are in good condition overall and have been well maintained. Washers/dryers, stoves included and homes come partially furnished (please inquire for a list of items included in sale). Tenants pay all utilities and parking is free.

Last Agent to Sell the Property

Eric Kimmell

Atlas Real Estate & Investment License #01730653 Listed on: 02/01/2018

Co-Listed By

Carrie Kimmell

Atlas Real Estate & Investment License #01904443

Last Buyer's Agent

Ryan Benson

Peak Properties License #01949307

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 7,500 Sq Ft Lot
  • Level Lot
  • Property is zoned CT

Parking

  • 1 Car Garage

Interior Spaces

  • 2,702 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 001114014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: San Luis Obispo(380)
  • Zoning: CT
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 001114014
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 377.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7500.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 75600.00
  • Gross Operating Income: 75600.00
  • Gross Scheduled Income: 75600.00
  • Net Operating Income: 51800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 3
  • Operating Expense: 23800.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 75600.00
  • Total Expenses: 23800.00

Tax Info

  • Tax Census Tract: 109.02

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2018 02/21/18 Sold $1,021,000 -0.9% $378 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $1,029,900 -- $381 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Eric Kimmell

    Atlas Real Estate & Investment

    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Carrie Kimmell

    Atlas Real Estate & Investment

    Section Image
  • Ryan Benson

    Buyer's Agent in 2018

    Ryan Benson

    Peak Properties

    (805) 550-1980

    24 Total Sales

    Ryan Benson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC18020902

California Regional Multiple Listing Service (CRMLS)

APN: 001-114-014

California San Luis Obispo County San Luis Obispo 93405 Santa Rosa

1130 Olive St, San Luis Obispo, CA

This home is located at 1130 Olive St, San Luis Obispo, CA 93405 since 01 February 2018. This property was built in 2003. 1130 Olive St is a home located in San Luis Obispo County with nearby schools including Bishop's Peak Elementary School, Laguna Middle School, and San Luis Obispo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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