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    1130-1132 Olive St

    San Luis Obispo, CA 93405
    • $1,499,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: SP20210325
    UPDATED: 86 min ago
    $1,499,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,701
      SQFT
    • $555
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2003
    County:

    School Ratings & Info

    Description

    Profitable and secure investment opportunity 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, floor leveling and 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T07:26:31.447. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110755918
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    1130-1132 Olive St San Luis Obispo, CA 93405

    • Price: $1,499,000
    • Status: Active
    • Updated: 86 min ago
    • ID#: SP20210325
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,701
    SQFT
    $555
    $/SQFT
    2003
    Built
    Neighborhood:
    San Luis Obispo(380)
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    Property Description
    Profitable and secure investment opportunity 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, floor leveling and 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.
    Exterior Features

    Entry Level 1 Foundation Details CombinationRaised Garage Spaces 1.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Other Structures Shed(S)Storage Parking Features DrivewayAsphaltGarage Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 4.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring Stone Heating Central Heating YN Yes Interior Features Storage Laundry Features Inside Levels Two Room Type Family RoomJack & JillKitchenLaundryLiving Room

    Property Features

    Accessibility Features 2+ Access ExitsParkingRamp - Main Level Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsDog ParkFoothillsParkSidewalks Country Us Current Financing Conventional Elevation Units Feet Gross Income 6923.70 Gross Scheduled Income 83084.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 74775.96 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 8308.44 Property Condition Additions/AlterationsTurnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other San Luis Obispo(380) Tenant Pays All Utilities Total Actual Rent 6823.70 Total Expenses 12854.00 Trash Expense 100.00 Utilities Electricity AvailableSewer ConnectedWater Connected Water Source Public Year Built Source Assessor Zoning Ct

    Listing provided courtesy of Ryan Benson of Peak Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T07:26:31.447. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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