San Luis Obispo, CA 93401 1771 Johnson Avenue
$4,250,000
65 more
Presented By: Elizabeth Lee with Triad Real Estate Group; 805-459-1787
Beds • 10
Full/Half Baths • 9 / 7
SQFT • 13,065
Garage • 1
Year Built • 2010
Home Details
Price Improvement! One-of-a-kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single-family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.
Presented By: Elizabeth Lee with Triad Real Estate Group; 805-459-1787
Interior Features for 1771 Johnson Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringBamboo, Carpet, Concrete, Vinyl
Heating Y/NYes
Interior AmenitiesMultipleStaircases, StoneCounters, AllBedroomsUp
Laundry FeaturesWasherHookup, ElectricDryerHookup, InGarage
Total Stories3
Window FeaturesBlinds, DoublePaneWindows, Screens, WoodFrames
Other Rooms
Entry Level1
General for 1771 Johnson Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricWaterHeater, Freezer, Disposal, GasOven, GasRange, Microwave, Refrigerator, RangeHood, TanklessWaterHeater
Architectural StyleCottage
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySan Luis Obispo
Community FeaturesBiking, Curbs, Foothills, Hiking, Park, StreetLights, Sidewalks
Construction MaterialsDrywall, FiberglassSiding, WoodSiding
CoolingNone
CountySan Luis Obispo
Current FinancingNone
DirectionsProperty to the right of French Hospital, emergency entrance off Johnson, take a left after stop light if going northbound and a right of Johnson before stoplight if traveling southbound.
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income210180.0
HOANo
HOA Fee$0.0
HeatingElectric, ForcedAir
Home Warranty Y/NNo
Insurance Expense6739.3
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet13065.0
Lot Size UnitsSquareFeet
MLS AreaSLO - San Luis Obispo
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income184791.3
New ConstructionNo
Number Of Units Total9
Number of Units Leased8
Open Parking Spaces1.0
Operating Expense25388.6
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NNo
RoofMetal
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameSan Luis Obispo(380)
Tax Lot22
Tenant PaysAllUtilities
Total Actual Rent17515.0
Trash Expense517.32
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewCityLights, Hills, Mountains, Neighborhood
Virtual TourClick here
Water Sewer Expense2200.0
Waterfront Y/NNo
Year Built2010
Year Built SourceAppraiser
ZoningR3
Exterior for 1771 Johnson Avenue
Building Area Total13065.0
Crops Included Y/NNo
Door FeaturesMirroredClosetDoors
FencingFairCondition, Wood
Foundation DetailsRaised, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre, BackYard, DripIrrigationBubblers
Lot Size Acres0.2999
Lot Size Area13065.0
Lot Size SourceAssessor
Number of Buildings9
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters9
Open Parking Y/NNo
Parking FeaturesGarage, OnSite, OffStreet
Pool Charge0.0
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking2.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$4,250,000
MLS#SC24231583
List Date
11/19/2024
Property Type
Multi-Family
Phone
(310) 963-5595
