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Listing 4 out of 25
Sold for $4,040,000 Sold

3260 Rockview Place
San Luis Obispo, CA 93401

12 units | Multi Family Home
0.6818 acres - MLS# SW19035959
Property Photo

Sold

Sold for $4,040,000 on Apr 22, 2019

Description

This property features 6 duplex style buildings which encompass twelve 3 bedroom, 1.5 bath units. Well maintained property owned and operated since its construction by a long time San Luis Obispo county family. In appreciation for long term tenancies, Seller has chosen to keep rents slightly below market which will allow an investor to maximize future rental income. Each two story unit includes a first level indoor laundry area with washer and electric dryer hookups and storage cabinetry and 1/2 bath. Living room includes a sliding glass door to the balcony. The kitchen and dining area complete the first story. The kitchen includes solid surface countertops, cabinetry, range, dishwasher and pantry. All three bedrooms, coat closet, linen cabinetry storage and the full bath are located upstairs.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $4,100,000
  • Zip Code: 93401
  • Year Built: 1971
  • Subdivision/Neighborhood: San Luis Obispo(380)
  • Units: 12 units
  • # of Parking Spaces: 29.00
  • Lot Size: 0.6818 acres
  • Zoning: R2
  • Area: SLO - San Luis Obispo
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 15147.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.75
  • Co-Listing Agent License: 00571397
  • Co-Listing Office License: 01514598
  • Common Walls: 1 Common Wall
  • Community Features: Curbs, Gutters, Street Lights
  • Country: US
  • Directions: From either direction of the 101 Freeway in San Luis Obispo: Take Marsh Street Exit, Go straight ahead onto one-way Marsh Street, Turn right onto Broad Street, Turn right onto Sweeney Street, Turn left onto Rockview Place, 3260 Rockview Pl. on left.
  • Electric Expense: 375.00
  • Gardener Expense: 22.00
  • Gross Scheduled Income: 263110.00
  • Heating: Radiant, Electric
  • Heating YN: Yes
  • Inclusions: Landlord owned appliances
  • Insurance Expense: 5960.00
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01900346
  • Listing Office License: 01902173
  • Lot Features: Landscaped
  • Lot Size Area: 29700.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 195165.00
  • New Taxes Expense: 37000.00
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Water Meters: 2
  • Operating Expense: 67945.00
  • Property Attached YN: Yes
  • Road Surface Type: Paved
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room
  • Selling Agent: Anthony Aurignac
  • Selling Agent License: 01946262
  • Selling Office: Aurignac & Associates
  • Sewer: Public Sewer
  • Total Expenses: 67945.00
  • Trash Expense: 3804.00
  • Utilities: Natural Gas Not Available
  • Water Sewer Expense: 18680.00
  • Water Source: Public
  • Year Built Source: Seller
  • Sold Date: 2019-04-22 00:00:00
  • Sold Price: 4040000.00
Courtesy of Crown Property Management, Melissa Kelly

and our Morro Bay Affiliate & second location

Morro Bay Real Estate Partner

San Luis Obispo Realty
805-544-9161
info@san-luis-obispo-realty.com
441 Marsh Street
San Luis Obispo, CA 93401

CA BRE# 00577121

 

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