$6,150,000

603 Johnson Ave

San Luis Obispo CA, 93401

Description

Opportunity to acquire a well maintained and managed 18 unit income property located in a desirable location in regards to Downtown SLO and Cal Poly. 1.1 miles to the Grand Ave entrance, 1 mile to the California St entrance, 0.8 miles to the downtown area, and easy access to the bus lines The apartment complex features two studio apartments, 15 2bd/1ba apartments, and one 3bd/1ba apartment. Has two on-site parking lots and an on-site laundry room. The property has received capital improvements such as new paint and upgraded windows. Tenant mix has historically been students with low vacancy rates.

Details

MLS#SC21148857
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusPending
Year1962
Days On Site144

Features

SQ Feet12,935
Units18
Acreage0.74

Market Activity 93401

Matt Mortenson LogoMLS Number: SC21148857
Listing Provided By:
Matt Mortenson  of  San Luis Property Management
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Area Information
StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO - San Luis Obispo
Community NameSan Luis Obispo(380)
Listing VS Median (in San Luis Obispo(380))
Price:
$6,150,000
low | high
Med:
$1,000,000
100% of Average
SqFt:
12,935
low | high
Med:
618
100% of Average
$ / SqFt:
$475
low | high
Med:
$405
64.848095849379% of Average
On Site:
144
low | high
Med:
131.5
100% of Average
Sourced by Back At You
Listing Updated: November 2, 2021 2:31:25 AM PDT
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.