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Listing 5 out of 30
Sold for $2,850,000 Sold

6455 Santa Lucia Road
Atascadero, CA 93422

19 units | Multi Family Home
0.551 acres - MLS# SW19035944
Property Photo

Sold

Sold for $2,850,000 on Jul 12, 2019

Description

55+ Age restricted 19 unit apartment complex which includes 18 one bedroom units (including one specifically designed for an on-site manager) and one 2 bedroom 1 bath unit. Centrally located furnished lobby and adjacent common laundry room. The units are accessed through common interior hallways. Well maintained building owned and operated since its construction by a long time San Luis Obispo county family. In appreciation for long term tenancies, Seller has chosen to keep rents slightly below market which will allow an investor to maximize future rental income.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $3,100,000
  • Zip Code: 93422
  • Year Built: 1987
  • Subdivision/Neighborhood: Atnorthwest(20)
  • Units: 19 units
  • # of Parking Spaces: 20.00
  • Lot Size: 0.551 acres
  • Zoning: MF20
  • Area: ATSC - Atascadero
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 16488.00
  • Building Area Units: Square Feet
  • Cable Tv Expense: 14100.00
  • Cap Rate: 4.75
  • Co-Listing Agent License: 00571397
  • Co-Listing Office License: 01514598
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: From 101, exit Traffic Way, Go West, Turn Left on Ardilla Avenue, Right on Santa Lucia. 6455 Santa Lucia is on the Left
  • Electric Expense: 1905.00
  • Fuel Expense: 392.00
  • Gross Income: 1369.00
  • Gross Scheduled Income: 206707.00
  • Heating: Wall Furnace, Natural Gas
  • Heating YN: Yes
  • Insurance Expense: 6016.00
  • Interior Features: Elevator
  • Laundry Features: Community, Individual Room, Inside
  • Laundry Income: 1369.00
  • Laundry YN: Yes
  • Listing Agent License: 01900346
  • Listing Office License: 01902173
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Area: 24000.0000
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 149912.00
  • New Taxes Expense: 16616.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Operating Expense: 56795.00
  • Property Attached YN: Yes
  • Roof: Mansard
  • Selling Agent: John Man
  • Selling Agent License: 01388408
  • Selling Office: Man Investment Group
  • Selling Office License: 01388408
  • Senior Community: Yes
  • Sewer: Public Sewer
  • Total Expenses: 56795.00
  • Trash Expense: 2029.00
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 3905.00
  • Water Source: Public
  • Year Built Source: Seller
  • Sold Date: 2019-07-12
  • Sold Price: 2850000.00
Courtesy of Crown Property Management, Melissa Kelly

 


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Monique Carlton - Owner, Agent of
San Luis Obispo Realty - Top San Luis Obispo Real Estate Agency on the Central Coast!
441 Marsh Street
San Luis Obispo, CA 93401
Phone: (805) 471-6921
Email: moniquecarlton@gmail.com
BRE # 00184228

My web sites: www.SellingSanLuis.com and www.CentralCoastListings.com
Company web site: www.San-Luis-Obispo-Realty.com


 

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