$1,449,000

1130 Olive St

San Luis Obispo CA, 93405

Description

Profitable and secure investment opportunity at a 5% CAP RATE for sale near Cal Poly consisting of two permitted and fully rented single family homes with 2700+sf of living space. Very strong rental history with a waitlist for residency, as this is the home of the local Cal Poly surf team. The front home consists of 3-bedrooms/2 bathrooms with a recent exterior paintjob, currently rented for $2,300 per month. The rear home is a LARGE 5-bedroom/3-bathroom home with a single car garage, and is currently being rented for just over $4,600. Both homes share the middle courtyard and backyard. Both homes are separately metered, with tenants paying all utilities. Quick access to HWY 101, Cal Poly and downtown San Luis Obispo.

Details

MLS#SP20210325
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2003
Days On Site187

Features

SQ Feet2,701
Units2
Building(s)1

Market Activity 93405

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Area Information
StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93405
AreaSLO - San Luis Obispo
Listing VS Median (in 93405)
Price:
$1,449,000
low | high
Med:
$736,000
99.206349206349% of Average
SqFt:
2,701
low | high
Med:
1,296
100% of Average
$ / SqFt:
$536
low | high
Med:
$568
44.140701548109% of Average
On Site:
187
low | high
Med:
27
100% of Average
Sourced by Back At You
Listing Updated: March 4, 2021 2:06:34 PM PST
Ryan Benson LogoMLS Number: SP20210325
Listing Provided By:
Ryan Benson  of  Peak Properties
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.