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Listed by Rodessa Newton • Triad Real Estate Group
$2,400,000
Est. payment /mo
3,061 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,061 sqft
Price per Sqft $784
MLS Listing ID SC-26174124
Year Built 1925
Lot Size 5,750 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Amazing opportunity to own 4 fully renovated, high income producing units for a total of 10 bedrooms in downtown San Luis Obispo with several off street parking spots and a private laundry room that contains 2 washers and 2 dryers. There are two buildings and each building has one 3 bedroom unit and one 2 bedroom unit ensuring high income for years to come. Over the past year each unit has received a thorough renovation. The property has seen electrical updates including new panels, plumbing updates, new appliances, new interior and exterior painting and new flooring. Unit A is a 3 bedroom 1 bath open floor plan with new cabinets, quartz counters, luxury vinyl plank flooring (LVP), remodeled bathroom, a tankless water heater and a new furnace. Unit B retains much of the vintage charm from when the back building was built that includes refinished original cabinets and a one piece custom sink and countertop. There is plenty of light in this 2 bedroom unit with updated forced air heating, new shower, original hardwood and vintage tile. Units C & D are in the front building that was built in 2000, although Unit D was just built in 2023 so everything is new in that unit. Unit C is a 3 bed 1 bath unit with vaulted ceilings, a balcony and unique corner windows that bring in more natural light. Unit D has 2 bedrooms, 1 bath, modern finishes that include white shaker cabinets, LVP flooring, quartz counters, black hardware and a mini-split to provide heat and AC. Each unit has separate electric meters and current rents have plenty room for increase.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning R3
Interior
Flooring Tile, Vinyl, Wood
Laundry Common Area, Dryer Included, Individual Room, Washer Included
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900