NOT LISTED FOR SALE

2040 Cypress St San Luis Obispo, CA 93401

Higuera Neighborhood
3 Beds
1 Bath
2,747 Sq Ft
7,536 Acres

Last Sold January 05, 2012

Last sale price $675,000 $246 Per Sq Ft

10 Days on Market

Highlights

  • 7,536 Acre Lot
  • Double Pane Windows
  • Storage
  • Laguna Middle School Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of January 2012

Marketing Remarks: Great opportunity to own a unique income-producing property with three rental units in the heart of San Luis Obispo. Just a short walk to downtown shopping, dining, movies, & nightlife. These three units are popular and are always rented. The front house, built in 1923 & remodeled in 2010, rents for $1,400/month (currently rented for $1,200/month) and has washer/dryer hook-ups & unfinished basement for storage. The rear duplex units, built in 2010, each rent for $1,500/month and each have their own washer/dryer hook-ups. With low maintenance costs & low vacancy, this is a great opportunity to invest in a cash flowing property in the Central Coast. Located in beautiful Downtown San Luis Obispo.

Last Agent to Sell the Property

Pedro Plascencia

Country Real Estate, Inc. License #01878543 Listed on: 11/18/2011

Country Real Estate, Inc.

Last Buyer's Agent

Steve Martin

Century 21 Hometown Realty, San Luis Obispo Office License #01489993

Century 21 Hometown Realty, San Luis Obispo Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2010

Lot Details

  • 7,536 Acre Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3 Bedrooms
  • 2,747 Sq Ft Home
  • Double Pane Windows
  • Storage
  • Laundry Room
  • Fire Sprinkler System

Parking

  • On-Street Parking
  • On-Site Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, trash collection, water
  • Assessor Parcel Number 003-731-007

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $52,800
  • Net Operating Income $38,175

Property Details

Home Type

Multi-Family

Year Built

Built in 2010

Lot Details

0

Listing Details

  • CapRate: 5.57
  • Security: Fire Sprinkler System
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 003-731-007
  • Year Built: 2010
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage
  • Levels: Two
  • Price Per Square Foot: 245.72
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab, Raised
  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: On Site, Street

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Forced Air, Floor Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street, Paved, Sprinkler System
  • Lot Size Sq Ft: 328268160.00
  • Lot Size Acres: 7536.0000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Trash Collection, Water

Multi Family

  • Gross Operating Income: 52800.00
  • Lot Size Area: 7536.0000 Acres
  • Net Operating Income: 38175.00
  • Number Of Units Total: 3
  • Operating Expense: 13569.00

Range of Values:

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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
01/05/2012 01/05/12 Sold $675,000 -1.5% $246 / Sq Ft
11/28/2011 11/28/11 Pending -- -- --
11/18/2011 11/18/11 For Sale $685,000 -- $249 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pedro Plascencia

    Seller's Agent in 2012

    Pedro Plascencia

    Country Real Estate, Inc.

    (805) 234-3956

    64 Total Sales

    Section Image

  • S

    Buyer's Agent in 2012

    Steve Martin

    Century 21 Hometown Realty, San Luis Obispo Office

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC181782

California Regional Multiple Listing Service (CRMLS)

APN: 003-731-007

California San Luis Obispo County San Luis Obispo 93401 Higuera

2040 Cypress St, San Luis Obispo, CA

This home is located at 2040 Cypress St, San Luis Obispo, CA 93401 since 18 November 2011. This property was built in 2010. 2040 Cypress St is a home located in San Luis Obispo County with nearby schools including Laguna Middle School, San Luis Obispo High School, and San Luis Obispo Classical Academy.

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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