1727-1729 Morro Street

    San Luis Obispo, CA 93401
    • $1,250,000
    • STATUS: Active Under Contract
    • ON SITE: 371 days
    • ID#: SC17108459
    Under Contract
    UPDATED: 41 min ago
    $1,250,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,805
      SQFT
    • $446
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    A great opportunity to own a classic multi-family property located three blocks from downtown San Luis Obispo. All-encompassing Spanish style; tile roof, old growth landscaping, and koi pond with waterfall. A most ideal living experience, with no through traffic in the Historic Railroad Square neighborhood adjacent to the popular bike path. The three units encompass a 2 bedroom, 1 bathroom upper unit, a 3 bedroom 1 bathroom legal, non-conforming living quarters, which together can be converted back to a single residence. Separated by the drive space is a 1 bedroom, 1 bathroom home adjoined with a non-conforming walk-out basement and bathroom. The entire property generates $5,850 a month, which is below market, and the nearly 7,000 square foot R3 lot allows room for development. Enjoy living here while offsetting your expenses, or acquiring a fully leased investment property within this coveted part of town.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-05-23T21:28:08.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.teamforss.com/homes/72665472

    1727-1729 Morro Street San Luis Obispo, CA 93401

    • Price: $1,250,000
    • Status: Active Under Contract
    • Updated: 41 min ago
    • ID#: SC17108459
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,805
    SQFT
    $446
    $/SQFT
    1936
    Built
    Neighborhood:
    San Luis Obispo(380)
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    Property Description
    A great opportunity to own a classic multi-family property located three blocks from downtown San Luis Obispo. All-encompassing Spanish style; tile roof, old growth landscaping, and koi pond with waterfall. A most ideal living experience, with no through traffic in the Historic Railroad Square neighborhood adjacent to the popular bike path. The three units encompass a 2 bedroom, 1 bathroom upper unit, a 3 bedroom 1 bathroom legal, non-conforming living quarters, which together can be converted back to a single residence. Separated by the drive space is a 1 bedroom, 1 bathroom home adjoined with a non-conforming walk-out basement and bathroom. The entire property generates $5,850 a month, which is below market, and the nearly 7,000 square foot R3 lot allows room for development. Enjoy living here while offsetting your expenses, or acquiring a fully leased investment property within this coveted part of town.
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Exterior Features Koi Pond Fence YN Yes Fencing Average Condition Foundation Details Slab Garage Spaces 0.00 Lot Features 6-10 Units/AcreLevel With StreetPavedYard Lot Size Source Assessor Lot Size Units Square Feet Other Structures Shed(S) Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof ClayTile Spa Features None Spa YN No View Pond View YN Yes

    Interior Features

    Appliances Electric RangeGas RangeGas Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Door Features French Doors Fireplace Features None Fireplace YN No Flooring TileWood Heating Wall HeaterNatural Gas Heating YN Yes Laundry Features CommunityWasher Hookup Levels Two Room Type BasementKitchenLaundryLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 2600.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 5850.00 Gross Scheduled Income 5850.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 4150.00 New Taxes Expense 13750.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 2 Number Of Units Leased 4 Number With Range 3 Number With Refrigerator 3 Operating Expense 1700.00 Other Income1 30.00 Professional Management Expense 0.00 Property Sub Type Triplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other San Luis Obispo(380) Total Actual Rent 5850.00 Total Expenses 20950.00 Trash Expense 1000.00 Utilities Phone ConnectedSewer ConnectedWater Connected Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Frankie Ciano of Ciano Real Estate Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-05-23T21:28:08.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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