603 Johnson Ave., San Luis Obispo, CA 93401 - SC21148857 - iPro Real Estate

603 Johnson Ave.
San Luis Obispo, CA 93401

Sold, Multi-Family/Income Sale

For Sale

$6,150,000 $191.42 per sqft

Free Professional CMA

Listing ID : SC21148857

  • Beds

    33
  • Lot Size

    32,129 Sqft

Description

Opportunity to acquire a well maintained and managed 18 unit income property located in a desirable location in regards to Downtown SLO and Cal Poly. 1.1 miles to the Grand Ave entrance, 1 mile to the California St entrance, 0.8 miles to the downtown area, and easy access to the bus lines The apartment complex features two studio apartments, 15 2bd/1ba apartments, and one 3bd/1ba apartment. Has two on-site parking lots and an on-site laundry room. The property has received capital improvements such as new paint and upgraded windows. Tenant mix has historically been students with low vacancy rates.

Details

Type: Multi-Family/Income Sale 
County: San Luis Obispo 
Tax ID: 01123027
Net Operating Income: $289,996 
Appliances: Range/Oven, Refrigerator 
Number of Units: 18 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: Appraiser 

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Interactive

35.289173 -120.659653 $6,150,000 SC21148857
603 Johnson Ave., San Luis Obispo, CA 93401
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Listed by Matt Mortenson with San Luis Property Management