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Key Details
Sold Price $3,710,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI24254824
Sold Date 03/14/25
Bedrooms 6
HOA Y/N No
Lot Size 0.735 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.
Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.
Location
State CA
County San Luis Obispo
Area Oceano (93445)
Zoning Public Rec
Building
Lot Description Curbs
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Cash, Exchange
Space Rent $21,150
Listing Terms Cash, Exchange
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Bought with David Hubbell • Modern Broker-Pismo Beach