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This 4 unit luxury apartment complex is a rare find. It is centrally located close to shopping and an easy commute to Cal Poly. All units are 2 bedroom 1-1/2 bath townhouse style. Each unit has a fireplace, indoor laundry with washer & dryer. All units also have 2 outdoor private enclosed patios one in front and back. Unit 1 and 4 have extra large outdoor area. 3 skylights in each unit, oak staircase in 3 units.All new windows including 2 - 8ft patio doors in each unit. Custom 8 ft mirror closet doors in each unit and custom 8ft door at the guest closet at the entrance. All laminated floors and tile bathrooms, for easy upkeep. Sunken large tub - combination of tub/shower. The Foyer has 36 ft high ceiling with skylights. Kitchen has 36 ft high ceiling and a skylight.2 parking spaces for each unit. Additional lot on the left side that could take a trailer or RV with pull out.Lot has electric plug for the RV and is possible to connect to the existing sewer line.The parking lot was recently refinished. The complex is 5 mi to Cal-Poly , 5-mi to Avila beach, Costco, Target, Home Depot are very close.As you can see these are quality, turn key units with an annual gross income of over $151,000. All 4 units are on annual leases that started mid-August 2024 until mid-August 2025 with options to renew leases.Large lot 11,000 sq ft, view of the mountains from several bedrooms.
Property Type(s):
Residential Income
| Last Updated | 11/12/2024 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1971 | Community | San Luis Obispo |
| County | San Luis Obispo |
Price History
| Prior to Nov 12, '24 | $2,699,000 |
|---|---|
| Nov 12, '24 - Today | $2,599,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Washer |
| AREA | San Luis Obispo |
| FIREPLACE | Yes |
| GARAGE | Asphalt, Assigned, Driveway Level |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Up, Entrance Foyer, High Ceilings, Laminate Counters |
| LOT | 10500 sq ft |
| LOT DESCRIPTION | 11-15 Units/Acre |
| PARKING | Assigned,Asphalt,Driveway Level |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER | Public |
Location
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Listed with Century 21 Hometown Realty, Arroyo Grande Office
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