NOT LISTED FOR SALE

152 Ferrini Rd San Luis Obispo, CA 93405

Highland Neighborhood
-- Bed
-- Bath
15,143 Sq Ft
0.99 Acres

Last Sold September 19, 2014

Last sale price $3,125,000 $206 Per Sq Ft

115 Days on Market

Highlights

  • 0.99 Acre Lot
  • Laundry Room
  • 4-minute walk to Throop Park
  • Bishop's Peak Elementary School Rated A

About This Home

As of September 2014

Marketing Remarks: 25 units in San Luis Obispo adjacent to the Cal Poly campus and 1.5 miles from downtown SLO. Two houses and 19 two bedroom units with strong rental upside. 14 units are single story with front and rear doors. Gently sloping 43,200 square foot lot provides many units with mountain views. Parking for 43 cars with 30 carports. Separately metered for gas and electricity, and all units are on month-to-month tenancy. Only 5 units are students. 9.9 Times Gross on current rents, and 7.8 on market rents. Separately metered for gas and electricity.

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 05/07/2014

Last Buyer's Agent

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 05/07/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.99

Home Design

  • 15,143 Sq Ft Home
  • Flat Roof Shape
  • Shingle Roof

Parking

  • Parking Available
  • Covered Parking

Additional Features

  • Laundry Room
  • 0.99 Acre Lot
  • Wall Furnace

Community Details

  • 25 Units
  • Net Operating Income $181,006

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 052041049

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 5.80
  • Property Type: Residential Income
  • Parcel Number: 052041049
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 206.37

Exterior Features

  • Roof: Flat, Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered

Utilities

  • Laundry: Yes
  • Heating Type: Wall Furnace

Lot Info

  • Lot Size Sq Ft: 43198.00
  • Lot Size Acres: 0.9900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 9.90
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 0.9900 Acres
  • Net Operating Income: 181006.00
  • Number Of Units Total: 25
  • Operating Expense: 117650.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/19/2014 09/19/14 Sold $3,125,000 -8.1% $206 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $3,400,000 -- $225 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Guy Torelli

    Torelli Investment Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1042745

California Regional Multiple Listing Service (CRMLS)
California San Luis Obispo County San Luis Obispo 93405 Highland

152 Ferrini Rd, San Luis Obispo, CA

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

Nearby Homes