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Listing 89 out of 100
$3,240,000 For Sale

3229 Broad
San Luis Obispo, CA 93401

8 units | Multi Family Home
0.5969 acres - MLS# SC18066877
Property Photo


This Mixed-Use property can be purchased with OWNER FINANCING. Owner will consider up to 75% carry back to all qualified Buyers. This property is well designed offering unique architectural lines and function. The outstanding location offers tenants easy access to multiple ethnic restaurants, a micro brewery and a range of services and retail outlets. This mixed-use development might be ideal for an owner user. The residential income is approximately $100,000.00 per year. The eight units are very spacious, with 6 (1) Bedroom (1) bath units and 2 (3) Bedroom (2) Bath units. The commercial/retail building is currently being re-entiled into up to 6 commercial condos by Above Grade Engineering. The location would be ideal for an engineering firm, Tech Company,CPA, architects, legal, real estate or other professional services company. Seller is in the process of entitling the Commercial building into up to 6 Commercial Condos FOR SALE at market rates. Take advantage of the opportunity to leverage this asset with OWNER FINANCING now!


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 93401
  • Year Built: 2013
  • Subdivision/Neighborhood: San Luis Obispo(380)
  • Stories: Two
  • Units: 8 units
  • Fireplace: Bath,Family Room,Kitchen,Master Bedroom,Electric, Yes
  • Lot Size: 0.5969 acres
  • Area: SLO - San Luis Obispo
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 11250.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks, Street Lighting
  • Cooling: Central, Electric
  • Cooling YN: Yes
  • Country: US
  • Directions: Corner of Broad and Orcutt
  • Electric Expense: 500.00
  • Gross Income: 205968.00
  • Gross Scheduled Income: 205968.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Insurance Expense: 3761.00
  • Laundry Features: Inside, Stackable
  • Laundry YN: Yes
  • Listing Agent License: 01059525
  • Listing Office License: 01984692
  • Lot Features: Lot 20000-39999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat
  • Lot Size Area: 26000.0000
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 173475.00
  • New Taxes Expense: 16500.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Leased: 8
  • Operating Expense: 32493.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 103968.00
  • Total Expenses: 32493.00
  • Trash Expense: 1032.00
  • Utilities: Cable Available
  • Water Sewer Expense: 1200.00
  • Water Source: Public
  • Year Built Source: Seller
Courtesy of Central Commercial Group, Craig Losee


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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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