NOT LISTED FOR SALE
5 Beds
7 Baths
4,644 Sq Ft
10,462 Sq Ft Lot

Last Sold November 24, 2021

Last sale price $2,140,000 $461 Per Sq Ft

9 Days on Market

Highlights

  • Neighborhood Views
  • Laundry Room
  • Wall Furnace
  • Laguna Middle School Rated A
  • Carpet

About This Home

As of November 2021

Located on Palm near Johnson, this property has an outstanding “downtown” location. As a result, these units are rarely vacant. As per the county assessor's office the back two units were built in 1974 and the front in 1987.

There are 3 buildings. The front building consists of 2 spacious studio apartments as well as a single level 1 bedroom unit with kitchen and eating area. The next two buildings each have 2 units a piece. These units have a full living room, kitchen with eating area downstairs and 1 bedroom and 1 bathroom upstairs. Each has an abundance of natural light and privacy. There is off street open parking for each unit. As a convenience to the tenants, there is a coin operated laundry for their use.

These apartments are in close proximity to eateries, shopping, farmers market, Cal Poly, world class wineries and so much more that the SLO lifestyle has to offer.

Last Agent to Sell the Property

Lee Anne Fisher

Compass License #01082922 Listed on: 08/16/2021

Compass

Co-Listed By

George Fisher

Compass License #01894989

Last Buyer's Agent

Anthony Aurignac

Venture Real Estate License #01946262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 10,462 Sq Ft Lot
  • Two or More Common Walls
  • Irregular Lot

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,644 Sq Ft Home
  • Neighborhood Views

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • 220 Volts In Laundry

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 3 / 37
  • Assessor Parcel Number 001222005
  • $4,664 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • San Luis Obispo Subdivision

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 3 Separate Gas Meters
  • 7 Separate Water Meters
  • Gardener Expense $1,680
  • Insurance Expense $2,761
  • Professional Management Expense $5,856
  • Trash Expense $1,812
  • Water Sewer Expense $1,212
  • Operating Expense $13,321
  • Gross Income $8,155
  • Net Operating Income $7,655

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5856.00
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Water Sewer Expenses: 1212.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 001222005
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 460.81

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Electric, Wall Furnace
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Trash Expense: 1812.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 10462.00
  • Lot Size Acres: 0.2402

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 8155.00
  • Gross Scheduled Income: 8155.00
  • Insurance Expense: 2761.00
  • Lot Size Area: 10462.0000 Square Feet
  • Net Operating Income: 7655.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 500.00
  • Rent Control: No
  • Total Expenses: 13321.00

Tax Info

  • Tax Block: 37
  • Tax Census Tract: 111.01
  • Tax Lot: 3
  • TaxOtherAnnualAssessmentAmount: 4664.00

Range of Values:

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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 List to Sale Price per Sq Ft
11/24/2021 11/24/21 Sold $2,140,000 -0.5% $461 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $2,150,000 -- $463 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC21173751

California Regional Multiple Listing Service (CRMLS)