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Listing 29 out of 86
Sold for $1,225,000 Sold

2845 Broad Street
San Luis Obispo, CA 93401

5 units | Multi Family Home
12406 sq ft - MLS# SP17246527
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Sold

Sold for $1,225,000 on Apr 23, 2018

Description

5-PLEX - Homes & Apts. Great Investment Opportunity. 2 small homes & Triplex on well-located Corner Lot (Broad & Lawrence St). Plenty of parking. Leases are below market due to long tenancy ... BUT ...mostly Month-to-Month! Owner-manager lives in 2845-1/2 Broad (2 bed, 2 bath, 1375 sq ft Home) above a 3 car garage with one garage space available for Second home (2845 Broad: a 2 bedrm, 1 bath home -- in MIDST OF REMODEL !! No tenant now, many new materials ready to be installed for a new owner to finish). The Triplex is a separate set of apartment units, on same APN, that front on 699 Lawrence St; with own driveway. Thus, the complex sits on the Corner Lot of Broad & Lawrence. All units have own green yards. A Great location between SLO Downtown & Airport, on Broad Street. Estimated 'Market rents' (from rental appraisal): approx $8400 per month. Great property to Own/Live and FOUR separate units to rent for income ! Being a 5-Plex, will require Commercial Loan. Really motivated sellers!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,400,000
  • Zip Code: 93401
  • Year Built: 1963
  • Stories: Multi/Split
  • Units: 5 units
  • # of Parking Spaces: 5.00
  • Lot Size: 12406 sq ft
  • View: City Lights,Hills,Neighborhood, Yes
  • Zoning: R2
  • Area: SLO - San Luis Obispo
  • Appliances: Built In Range, Dishwasher, Free Standing Range, Garbage Disposal, Gas Range, Gas Water Heater
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3883.00
  • Building Area Units: Square Feet
  • Carport Spaces: 2.00
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks, Storm Drains, Street Lighting, Urban
  • Country: US
  • Directions: On corner of Broad St & Lawrence Ave
  • Electric: Electricity - On Property
  • Foundation Details: Concrete Perimeter
  • Garage Spaces: 3.00
  • Gross Income: 41700.00
  • Gross Scheduled Income: 2800.00
  • Heating: Forced Air
  • Heating YN: Yes
  • Interior Features: 2 Staircases
  • Laundry Features: Gas & Electric Dryer Hookup, See Remarks, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 00959579
  • Listing Office License: 00874459
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Corners Established, Lot 10000-19999 Sqft, Lot Shape-Rectangular, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 41700.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Property Attached YN: Yes
  • Roof: Asbestos Shingle, Flat
  • Room Type: See Remarks, Workshop
  • Selling Agent: Eric Kimmell
  • Selling Agent License: 1730653
  • Selling Office: Atlas Real Estate & Investment
  • Selling Office License: 01904443
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 3020.00
  • Trash Expense: 50.00
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 350.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 1225000.00
  • Sold Date: 2018-04-23 00:00:00
Courtesy of Century 21 Hometown Realty Slo, Tom Mees

 


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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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