6180 Ontario Road, San Luis Obispo, CA 93405 (MLS # SC22250726)

Price $3,995,000
Status Active
Beds n/a
Baths 0 Bath
Home size 5,500 sqft
Lot Size 4.00 ac
Days on Market 58
20 units in San Luis Obispo County, consisting of a 4 bedroom house, 6 apartments, and 13 Mobile Home Spaces on a little less than 5 acres. Property is located between Avila Beach and San Luis Obispo. The property has been approved for replacement of the gas and electric lines scheduled to be replaced in 2nd half of 2023. Cost to the owner will be less than $20,000 due to the CPUC Program. The roads are in bad shape but makes no sense to replace now since they will be digging new lines underground. 3 of the mobile home spaces are subject to rent control and the apartments and house are subject to the State Rent Control. The property is currently on a lease but the price includes the land and will be delivered fee simple. The seller removed three old homes and is currently renting those spaces to trailers. After the replacement of the lines those trailers can be replaced with brand new homes allowing for a substantial profit. In addition an ADU can be put on the property further increasing cash flow. Obviously there is rarely a time when a unit is empty for more than a week.
Property Type(s): Residential Income
Last Updated 1/20/2023 Tract San Luis Obispo(380)
Year Built 1960 Community San Luis Obispo
County San Luis Obispo

Price History

Prior to Jan 14, '23 $4,200,000
Jan 14, '23 - Today $3,995,000

Additional Details

AIR Gas
AIR CONDITIONING Yes
AREA San Luis Obispo
FIREPLACE Yes
GARAGE Assigned
LOT 4 acre(s)
LOT DESCRIPTION 2-5 Units/Acre
PARKING Assigned
POOL DESCRIPTION None
SEWER Septic Tank
SUBDIVISION San Luis Obispo(380)
UTILITIES Cable Available,Electricity Available,Natural Gas Available,Phone Connected,Water Connected
WATER Public
ZONING RL

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Amy Daane to contact you even if your name is on a Federal or State "Do not call List".

Listed with David Rogers, Broker

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 1/31/23 2:35 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2023.

Email a Friend

LATEST CENTRAL COAST LISTINGS

 

LATEST AVE PROPERTIES

2455 Alexander Ave, Los Osos, CA 93402

  • $898,000
  • Beds: 3
  • Baths: 2
  • 1420 sq ft
  • Single Family Home

Compare listings

Compare