$1,775,000

7116 7124 Sombrilla Ave Atascadero, CA 93422

Estimated payment $11,493/month

Total Views 2,623
3 Beds
2 Baths
3,432 Sq Ft
$517 Price per Sq Ft

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • No HOA

About This Home

Sweet little investment property ready for it's new owner. 6 units, 4 1 bedroom 1 bath and 2 2 bedroom 1 bath units with a cultivated group of tenants that treat the complex like its own community. Many of the units have been updated throughout the years. The roofs of both buildings were replaced in April 2025 with 50 year shingles, and the exterior has been recently painted. There are over 11 parking spaces available. Seller pays water and trash, tenants cover other utilities. With minimal expenses and very little maintenance required this is a wonderful investment at a cap rate of 5.9%. P & L available upon request. Call your realtor today, deals this good don't come along very often.

Listing Agent

Wendy Streshenkoff

RE/MAX Parkside Real Estate Brokerage Phone: 805-835-3220 License #01975738 Listed on: 08/04/2025

RE/MAX Parkside Real Estate

Co-Listing Agent

Fred Bruen

RE/MAX Parkside Real Estate Brokerage Phone: 805-835-3220 License #00969867

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.41 Acre Lot
  • No Units Above
  • Two or More Common Walls
  • Sprinkler System

Home Design

  • Apartment

Interior Spaces

  • 3,432 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Assessor Parcel Number 030011027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Professional Management Expense $6,000
  • Trash Expense $4,418
  • Water Sewer Expense $2,100
  • Operating Expense $17,897
  • Net Operating Income $105,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • CapRate: 5.90
  • Price Per Unit: 295833
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 030011027
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: street
  • Common Walls: 2+ Common Walls, No One Above
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 517.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4418.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 17859.60
  • Lot Size Acres: 0.4100
  • Latitude Manual: 35.48732300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 123060.00
  • Lot Size Area: 0.4100 Acres
  • Net Operating Income: 105163.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 17897.00
  • Rent Control: No
  • Total Actual Rent: 10255.00
  • Total Expenses: 17897.00

Map

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
08/04/2025 08/04/25 For Sale $1,775,000 -- $517 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS25175091

California Regional Multiple Listing Service (CRMLS)

California San Luis Obispo County Atascadero 93422

7116 7124 Sombrilla Ave, Atascadero, CA

This home is located at 7116 7124 Sombrilla Ave, Atascadero, CA 93422 and is currently priced at $1,775,000, approximately $517 per square foot. This property was built in 1975. 7116 7124 Sombrilla Ave is a home located in San Luis Obispo County with nearby schools including San Gabriel Elementary School, Atascadero Middle School, and Atascadero 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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Wendy Streshenkoff
Listing Agent
Wendy Streshenkoff
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RE/MAX Parkside Real Estate
(805) 519-8361