690 Brizzolara St - Apartments FOR SALE


San Luis Obispo, CA 93401
$6,500,000 USD
805-801-0176
690 Brizzolara St, San Luis Obispo, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/1
null | 3.37% Cap Rate

690 Brizzolara St
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Downtown 20-unit apartment complex
  • Turnkey investment opportunity
  • Significant potential rent increases
  • Full Occupancy

OVERVIEW

This downtown 20-unit apartment complex is a turnkey investment opportunity, meticulously maintained and consistently fully occupied. Its prime downtown location offers easy access to Cal Poly San Luis Obispo via a convenient bike ride and is well-served by bus routes to Cuesta Community College. This property is in high demand, allowing for significant potential rent increases. Comparable properties with higher rents also enjoy full occupancy. With ample parking and exceptional building quality, it represents an excellent investment opportunity.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

20

PRICE/UNIT

$325,000

CAP RATE

3.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

28,991 SF

ZONING

R3

APN/PARCEL ID

002-304-028

ASK ABOUT THIS PROPERTY

Kevin KingSVN / King PropertiesMore Info
805-801-0176

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Kevin KingSVN / King PropertiesMore Info
805-801-0176

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