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

iPro Real Estate

603 Johnson Ave.
San Luis Obispo, CA 93401

Active, 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 
Days on Market: 340 
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
Directions to here from:

Area Information 93401

Population:

30,036 Up .06% since 2010
Average Income:
$103,385
Average Age:
39Years
Gender:
50.49%Male
49.51%Female
Households:
13,52117.49% with children
Average Value:
$835,981
Occupancy:
46.21%Owned
53.79%Rented
7.02%Vacant
Education:
12.74%High School
9.3%Associate
31.66%Bachelor
20.46%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
22.99Inches
Earthquake Risk:
Very High
Ozone Risk:
Average
Pollution Risk:
Average

History

Date Transaction Price Mortgage Amt & Lender
Date
Nov 30, 2021
Transaction
Sold - Residential IncomeSC21148857
Price
$4,900,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Matt Mortenson with San Luis Property Management