NOT LISTED FOR SALE
6 Beds
6 Baths
2,964 Sq Ft
7,250 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $1,660,000 $560 Per Sq Ft

9 Days on Market

Highlights

  • City Lights View
  • Open Floorplan
  • Property is near public transit
  • Laguna Middle School Rated A
  • Contemporary Architecture
  • 4-minute walk to LC YC Cheng Park

About This Home

As of September 2022

Excellent 4Plex Opportunity in Downtown San Luis Obispo! Consider owning to live AND have rental income in a highly desirable area close to restaurants, shops and events! This property consists of four units close to Hwy 101 access points plus it's an easy distance to Hwy 1 junction out to the coast! Built in 1978 and in good condition, the property is approx. 7250sf and consists of (two) 2bd/1.5ba units, plus (two) 1bd/1ba units. Each unit is allotted at least one single-car garage and there is also off-street parking. 7 garages in total. View balconies on some units. Property owner pays water/sewer/trash. (Currently, water is not separately metered.) Laundry is on-site. Units have electric stoves, some with dishwashers. Two units have privacy fenced rear yards. Entertain the possibilities to enjoy the SLO life!

Last Agent to Sell the Property

Mary Moloney

BHGRE HAVEN PROPERTIES License #00596478 Listed on: 06/14/2022

BHGRE HAVEN PROPERTIES

Last Buyer's Agent

Steve Ferrario

BHGRE HAVEN PROPERTIES License #01033421

BHGRE HAVEN PROPERTIES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,250 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Fence is in average condition
  • Level Lot
  • Private Yard
  • Back Yard

Parking

  • 7 Car Direct Access Garage
  • Parking Available
  • Workshop in Garage
  • Side Facing Garage
  • Single Garage Door
  • Driveway Level
  • Off-Street Parking

Property Views

  • City Lights
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Block Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Interior Block Wall
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,964 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Shutters
  • Sliding Doors
  • Panel Doors
  • Living Room

Kitchen

  • Galley Kitchen
  • Electric Cooktop
  • Dishwasher
  • Laminate Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 002311016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • San Luis Obispo Subdivision

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $720
  • Gardener Expense $1,680
  • Insurance Expense $3,048
  • Pest Control $540
  • Trash Expense $1,224
  • Water Sewer Expense $5,040
  • Operating Expense $12,484
  • Gross Income $50,516
  • Net Operating Income $50,516

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

7

Listing Details

  • Price Per Unit: 398750
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Water Sewer Expenses: 5040.00
  • Zoning: R-4
  • Architectural Style: Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 002311016
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Block Walls, Formica Counters, Laminate Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Panel Doors, Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 560.05
  • Room Type: Galley Kitchen, Kitchen, Living Room, Main Floor Master Bedroom
  • Window Features: Shutters

Exterior Features

  • Foundation: Slab, Stacked Block
  • Exterior Features: Rain Gutters
  • View: City Lights, Hills, Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Wood Siding

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Asphalt, Paved, Driveway Level, Garage Faces Side, Garage - Single Door, Off Street, Workshop in Garage
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Electric Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Trash Expense: 1224.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level with Street, Near Public Transit, Yard
  • Lot Size Sq Ft: 7250.00
  • Lot Size Acres: 0.1664

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 50516.00
  • Gross Operating Income: 63000.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 3048.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Lot Size Area: 7250.0000 Square Feet
  • Net Operating Income: 50516.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 12484.00
  • Rent Control: Yes
  • Total Actual Rent: 5200.00
  • Total Expenses: 12484.00

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 Change Sq Ft Price
09/23/2022 09/23/22 Sold $1,660,000 +4.1% $560 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $1,595,000 -- $538 / 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: SC22122108

California Regional Multiple Listing Service (CRMLS)