Listing Agent: Graham Updegrove      Broker/Office: California Coastal Real Estate
1721 Chorro San Luis Obispo CA 93401
$ 1,395,000
  3   |    3   |    1930 Sq Feet

Listing ID

#SC26100392

Status

Active

Property Type

Triplex

County

San Luis Obispo

Neighborhood

San Luis Obispo(380)

Year Built

1910

Days on website

5

Description
Exceptional investment opportunity near downtown San Luis Obispo featuring three income-producing units. This versatile multi-family property offers a desirable mix of classic charm and newer construction, ideal for seasoned investors or owner-occupants. The front residence is an updated 2-bedroom, 2-bath single family home built circa 1910, offering 1,066 square feet of living space. Beyond the front door, an entry foyer leads past a front bedroom to the living room, dining room and galley style kitchen. A nicely sized primary suite is accessed off the living room with a walk-in closet, plus large en-suite bath featuring dual sink vanities and stand up shower. The well-adorned kitchen offers white cabinetry, granite tile counters and pantry space. A second full bathroom and dedicated laundry room with built in desk and storage are at the rear of the house with a door leading to the backyard. House features include tiled flooring throughout, dual pane windows, and neutral paint colors. The home is currently leased for $2,850/month. Situated at the rear of the property is two-story duplex built in 1949, totaling approximately ±864 square feet. Each unit is a 1-Bed, 1-Bath providing efficient and flexible living space and each with their own laundry hookups. These units are currently leased for $1,545/month and $1,570/month + a combined $350/mo utility reimbursement. There are (2) electric meters, (2) gas meters and (2) water meters. With strong in-place rental income and its highly desired location, this property presents excellent prospects for long-term appreciation or multi-generational living.
Location
Financial Information
List Price:  $ 1395000
Property Features
Appliances:  Dishwasher, Disposal, Microwave, Refrigerator
Community Features:  Curbs, Sidewalks
Flooring:  Tile
Foundation Details:  Raised, Slab
High School District:  San Luis Coastal Unified
Levels:  One, Two
Parking Features:  Driveway
Senior Community YN:  false
Structure Type:  Triplex
View:  Neighborhood
Water Source:  Public
High School District:  San Luis Coastal Unified
Senior Community YN:  false
MLS Area Major:  SLO - San Luis Obispo
City:  San Luis Obispo
Listed By:   Graham Updegrove   California Coastal Real Estate 
CA Lic#