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Listing 8 out of 127
$1,745,000 Pending

3380 Bullock Lane
San Luis Obispo, CA 93401

8 units | Multi Family Home
21689 sq ft - MLS# PI18219659
Property Photo
1/10

Description

Great investment opportunity to own a fully occupied apartment complex within in the city of San Luis Obispo. Many long term tenants, so rents are below market with upside potential. The complex consists of 8 units, each unit is configured as a 2 bedroom and 1 bath. Coin operated laundry located on site with 2 washers and 2 dryers. Plenty of parking on site and on the street. Located near many amentities including restraunts, shopping and parks.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • Zip Code: 93401
  • Year Built: 1977
  • Subdivision/Neighborhood: San Luis Obispo(380)
  • Stories: Two
  • Units: 8 units
  • # of Parking Spaces: 15.00
  • Lot Size: 21689 sq ft
  • Zoning: R3
  • Area: SLO - San Luis Obispo
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Garbage Disposal
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 6760.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Sidewalks, Storm Drains
  • Country: US
  • Directions: Broad St. to Orcutt Rd then right on Bullock.
  • Flooring: Carpet, Laminate, Vinyl
  • Gross Income: 136440.00
  • Gross Multiplier: 12.79
  • Gross Scheduled Income: 134040.00
  • Insurance Expense: 1600.00
  • Laundry Features: Community
  • Laundry Income: 2400.00
  • Laundry YN: Yes
  • Listing Agent License: 01870128
  • Listing Office License: 01870128
  • Lot Features: Lot-Level/Flat
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 75175.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number With Carpet: 8
  • Number With Dishwasher: 8
  • Number With Patio: 8
  • Number With Range: 8
  • Operating Expense: 61265.00
  • Parking Features: Driveway - Asphalt
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Roof: Composition, Flat
  • Room Type: All Bedrooms Up
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 11170.00
  • Total Expenses: 61265.00
  • Trash Expense: 2323.00
  • Uncovered Spaces: 15.00
  • Utilities: Cable Connected, Electricity Available, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 8170.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Capital Pacific Development Group, Michael O'flynn

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San Luis Obispo, CA 93401

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805-541-3300
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