1771 Johnson Ave - Apartments FOR SALE


San Luis Obispo, CA 93401
$4,250,000 USD
805-459-1787
1771 Johnson Ave, San Luis Obispo, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

1771 Johnson Ave
San Luis Obispo, CA 93401


OVERVIEW

One of a kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

9

PRICE/UNIT

$472,222

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,900 SF

ZONING

-

APN/PARCEL ID

003-563-025

ASK ABOUT THIS PROPERTY

Liz LeeTriad Real Estate & Investment GroupMore Info
805-459-1787

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Liz LeeTriad Real Estate & Investment GroupMore Info
805-459-1787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.