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Listing 23 out of 73
$1,400,000 For Sale

2845 Broad Street
San Luis Obispo, CA 93401

5 units | Multi Family Home
12197 sq ft lot - MLS# SP17246527
Property Photo
1/30

Description

5-PLEX - Homes & Apts. Great Investment Opportunity. 2 small homes & Triplex on well-located Corner Lot (Broad & Lawrence St). Plenty of parking. Leases are below market due to long tenancy ... BUT ...mostly Month-to-Month! Owner-manager lives in 2845-1/2 Broad (2 bed, 2 bath, 1375 sq ft Home) above a 3 car garage with one garage space available for Second home (2845 Broad: a 2 bedrm, 1 bath home -- in MIDST OF REMODEL !! No tenant now, many new materials ready to be installed for a new owner to finish). The Triplex is a separate set of apartment units, on same APN, that front on 699 Lawrence St; with own driveway. Thus, the complex sits on the Corner Lot of Broad & Lawrence. All units have own green yards. A Great location between SLO Downtown & Airport, on Broad Street. Estimated True Market rents (from rental appraisal): $2300 (bigger house),1900 (smaller house), and $1600.1300 & 1300 for 2/2 apt & 2/1 apts. Estimated total: $8400 per month. Great property to Own/Live and FOUR separate units to rent for income !

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Listing Price: $1,400,000
  • Zip Code: 93401
  • Year Built: 1963
  • Subdivision/Neighborhood: Other (Othr)
  • Stories: Multi/Split
  • Units: 5 units
  • # of Parking Spaces: 5.00
  • Acres: 12197 sq ft lot
  • View: City Lights,Hills,Neighborhood, Yes
  • Zoning: R2
  • Area: SLO - San Luis Obispo
  • Appliances: Built In Range, Dishwasher, Free Standing Range, Garbage Disposal, Gas Range, Gas Water Heater, Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3883.00
  • Building Area Units: Square Feet
  • Carport Spaces: 2.00
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks, Storm Drains, Street Lighting, Urban
  • Country: US
  • Directions: On corner of Broad St & Lawrence Ave
  • Electric: Electricity - On Property
  • Foundation Details: Concrete Perimeter
  • Garage Spaces: 3.00
  • Gross Income: 41700.00
  • Gross Scheduled Income: 2800.00
  • Heating: Forced Air, Yes
  • Interior Features: 2 Staircases
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, See Remarks, Washer Hookup
  • Listing Agent License: 00959579
  • Listing Office License: 00874459
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Corners Established, Lot 10000-19999 Sqft, Lot Shape-Rectangular, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: MR
  • Net Operating Income: 41700.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Property Attached: Yes
  • Roof: Asbestos Shingle, Flat
  • Room Type: See Remarks, Workshop
  • Stories Total: 2
  • Total Actual Rent: 3020.00
  • Trash Expense: 50.00
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 350.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Century 21 Hometown Realty Slo, Tom Mees

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