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Sam Louis

sam@louisestategroup.com +1(949) 357-0611

$ 2,400,000

Est. payment | -/mo

5,749 Sqft Lot

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$ 2,400,000

Est. payment | -/mo

Save

5,749 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC26174124

HOA Y/N No

Year Built 1925

Lot Size 5,749 Sqft

Property Sub-Type Quadruplex

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. 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

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned

Pool None

Community Features Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 003555026

Energy Description 875.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Rodessa Newton Triad Real Estate Group 805-459-1776, DRE #01392093

NEARBY SCHOOLS & PROPERTIES

Sam Louis

License ID: 02203602

+1(949) 357-0611 | sam@louisestategroup.com

1130 Leff ST San Luis Obispo, CA 93401

Sam Louis

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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1130 Leff ST