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$ 3,500,000
Est. payment | /mo
10 Beds
6,600 Sqft Lot
$ 3,500,000
Est. payment | /mo
10 Beds
6,600 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID SC25228622
Bedrooms 10
Lot Size 6,600 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Completed in 2024, this fully furnished four-unit complex just blocks from Cal Poly University offers a rare investment opportunity. The property includes three 2-bedroom units and one 4-bedroom unit, for a total of 10 bedrooms with 13 current tenants. Each residence showcases high-end finishes, durable hard-surface flooring, two bathrooms, and in-unit laundry. Residents also enjoy thoughtful amenities, including a common picnic area, a secure bike storage room, and six covered onsite parking spaces. Designed for efficiency and low maintenance, the property features four large water heaters, owned solar panels servicing the house meter (for common areas), and separate electric and water meters for each unit. The building is fully leased until June of 2026. Ideally located near Cal Poly and Sierra Vista Hospital, this property sits in a highly desirable rental market with strong rents and a proven history of consistent occupancy.
Location
State CA
County San Luis Obispo
Zoning Assessor
Direction Santa Rosa to Murray
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 001041024

Listed by Erik Berg-Johansen Richardson Sotheby's International Realty
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