Back to Saved Search
Listing 13 out of 160
$1,175,000 For Sale

870 Mill Street
San Luis Obispo, CA 93401

4 units | Multi Family Home
4678 sq ft lot - MLS# SP19209827
Property Photo
1/18

Description

Location location location! Turn key 4 plex a stone's throw from Downtown San Luis Obispo! Located only two blocks from the mission and downtown situated on historic Mill Street just blocks from downtown San Luis Obispo this property consist of two separate buildings with two units in each, two units upstairs and two downstairs. The upstairs units have panoramic views of Madonna Mountain and Bishop's Peak, the downstairs units have private patios and a bonus storage space. Each unit has a stack-able washer and dryer, full kitchen and their own off street parking space. Built in 1996 the property has been exceptionally maintained. All four units have identical layouts with the exception of the upstairs having a deck and downstairs having a patio. There is lush landscape surrounding the property which is on an automated sprinkler system and has outdoor lighting illuminating the walkways. The two upstairs units have been completely remolded and updated with new appliances, carpet, paint and cabinets. Current rents are bellow fair market value. One of the upstairs unit was recently rent and was only on the market for a week with multiple parties interested. If the rents were brought to fair market value the property could produce a cap rate of 5% or higher.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 93401
  • Year Built: 1996
  • Stories: Two
  • Units: 4 units
  • Lot Size: 4678 sq ft lot
  • View: City Lights,Hills,Landmark,Mountain(s),Neighborhood, Yes
  • Zoning: R4
  • Area: SLO - San Luis Obispo
  • Appliances: 6 Burner Stove, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Freezer, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area: 450
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1704.00
  • Building Area Units: Square Feet
  • Community Features: Urban
  • Country: US
  • Directions: In between Chorro St and Morro St on Mill St.
  • Door Features: Mirror Closet Door(s)
  • Electric: Standard
  • Exterior Features: Lighting, Rain Gutters
  • Fence YN: Yes
  • Fencing: Excellent Condition
  • Flooring: Carpet
  • Green Energy Efficient: Appliances, Windows
  • Gross Income: 3100.00
  • Gross Scheduled Income: 3100.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Interior Features: Balcony, Track Lighting
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Laundry YN: Yes
  • Listing Agent License: 01992943
  • Listing Office License: 01465507
  • Lot Features: 2-5 Units/Acre, Landscaped, Level with Street, Level, Near Public Transit, Park Nearby, Paved, Sprinkler System, Sprinklers Drip System
  • Lot Size Area: 4680.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Parking Features: Assigned, Driveway - Combination, Concrete, Paved, Driveway Level
  • Parking YN: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Room Type: Kitchen, Laundry, Living Room
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Sewer: Public Sewer
  • Stories Total: 2
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
  • Window Features: Blinds
  • Year Built Source: Seller
Courtesy of Richardson Properties, Aaron Young

DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information is NOT Shared*

Coast & County Brokers

Coast & County Brokers
San Luis Obispo, CA 93401

CA-BRE#01966224
805-541-3300
Contact Us

Quick Search


view all


Any

Any

No Min.

No Max.



Coast & County Brokers | 805-541-3300 | Contact Us
847 Monterey St #211 - San Luis Obispo, CA 93401
CA-BRE#01966224
Copyright © 2017, All Rights Reserved

house realtor mls

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu