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Listing 15 out of 161
$4,250,000 Pending

1225 Monte Vista Boulevard
San Luis Obispo, CA 93405

13 units | Multi Family Home
16348 sq ft lot - MLS# SC19203294
Property Photo
1/25

Description

Fantastic 13 Unit Multi-Family Offering in San Luis Obispo, walking distance to Cal Poly campus! Building One consists of 12 1-Bedroom1-Bathroom units. Building Two is a 4-Bedroom3-Bathroom house. The property has been well maintained and is in good condition. The property extends street to street fronting on both Monte Vista Pl and Foothill Blvd, and with 17 parking spaces, there is a designated space for all residents. Each building has its own laundry area. Upstairs units feature exposed wood ceilings and all units have a functional, easy living floor plan. Location, convenience, and proximity to campus make these units popular with Cal Poly students looking for a quick and stress-free commute to campus. Income generating properties in this prime location rarely become available. Lots of options on this well-established income property!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • Zip Code: 93405
  • Year Built: 1959
  • Subdivision/Neighborhood: San Luis Obispo(380)
  • Stories: One,Two
  • Units: 13 units
  • Lot Size: 16348 sq ft lot
  • Zoning: R4
  • Area: SLO - San Luis Obispo
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 6297.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 01904443
  • Co-Listing Office License: 01904443
  • Common Walls: 2+ Common Walls
  • Community Features: Suburban
  • Country: US
  • Directions: Property fronts on Monte Vista and Foothill. (1225 Monte Vista, 1238 E Foothill). Take California to Foothill or Monte Vista.
  • Electric Expense: 187.86
  • Fuel Expense: 273.12
  • Gardener Expense: 2025.00
  • Gross Scheduled Income: 252000.00
  • Insurance Expense: 6573.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Features: Common Area
  • Laundry Income: 386.75
  • Laundry YN: Yes
  • Listing Agent License: 01730653
  • Listing Office License: 01904443
  • Lot Features: Rectangular Lot, Paved
  • Lot Size Area: 16350.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 187771.00
  • New Taxes Expense: 46750.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 2
  • Operating Expense: 64229.00
  • Property Attached YN: Yes
  • Road Surface Type: Paved
  • Sewer: Public Sewer
  • Special Conditions Details: Standard,Trust
  • Stories Total: 2
  • Total Expenses: 64229.00
  • Trash Expense: 1946.00
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Sewer Expense: 6474.00
  • Water Source: Public
  • Year Built Source: Public Records
Courtesy of Atlas Real Estate & Investment, Eric Kimmell



Mary Mitchell | 805-550-7168 | Email Me
1015 Nipomo Street, Suite #230 - San Luis Obispo, CA 93401
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