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Listing 2 out of 86
$21,000,000 For Sale

60 Casa Street
San Luis Obispo, CA 93405

32 units | Multi Family Home
1.41 acres - MLS# PI18055450
Property Photo
1/49

Description

Student housing complex very close to Cal Poly, SLO. 32 units in 7 buildings. Townhome style units are 2 bedroom 2.5 bathrooms. One unit is a 3 bedroom. All units remodeled with granite counter tops and hardwood floors. There are approximately 60 total parking spaces, 6 of which are covered. There is a common area located at the interior side of the buildings with BBQ pits and a picnic area. There is an onsite laundry room. This student housing complex is just .25 miles from Cal Poly and 8 miles from Cuesta College. Sierra Vista Medical Center is on the same block. All units are rented unfurnished and on 1 year leases.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 93405
  • Year Built: 1984
  • Subdivision/Neighborhood: San Luis Obispo(380)
  • Stories: Two
  • Units: 32 units
  • # of Parking Spaces: 60.00
  • Fireplace: Living Room, Yes
  • Lot Size: 1.41 acres
  • View: Neighborhood, Yes
  • Zoning: R4
  • Area: SLO - San Luis Obispo
  • Appliances: Gas Range, Gas Stove, Refrigerator
  • Appliances YN: Yes
  • Average 2 Bed Area: 930
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 23370.00
  • Building Area Units: Square Feet
  • Carport Spaces: 6.00
  • Co-Listing Agent License: 01241913
  • Co-Listing Office License: 01894307
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks, Street Lighting
  • Construction Materials: Stucco
  • Country: US
  • Directions: Foothill Blvd to Casa St
  • Electric Expense: 3000.00
  • Fence YN: Yes
  • Fencing: Stucco Wall, Wrought Iron
  • Flooring: Tile, Wood
  • Foundation Details: Slab
  • Garage Income: 30000.00
  • Garage Rental Rate: 500.00
  • Gardener Expense: 1700.00
  • Gross Income: 602750.00
  • Gross Multiplier: 22.00
  • Gross Operating Income: 913740.00
  • Gross Scheduled Income: 942000.00
  • Heating: Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 12587.00
  • Interior Features: Granite Counters
  • Laundry Features: Community
  • Laundry Income: 6000.00
  • Laundry YN: Yes
  • Listing Agent License: 00860187
  • Listing Office License: 02005015
  • Lot Features: 31-35 Units/Acre
  • Lot Size Units: Acres
  • MLS: CRM
  • Maintenance Expense: 21527.00
  • Net Operating Income: 572750.00
  • New Taxes Expense: 180000.00
  • Number Of Buildings: 7
  • Number Of Rented Garages: 60
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 32
  • Number Of Units Leased: 32
  • Operating Expense: 340990.00
  • Parking Features: Parking Space
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Roof: Spanish Tile
  • Room Type: Kitchen, Living Room
  • Total Actual Rent: 942000.00
  • Total Expenses: 340990.00
  • Trash Expense: 8900.00
  • Uncovered Spaces: 54.00
  • Water Source: Public
Courtesy of Keller Williams Realty Central Coast, Dick Keenan
agent photo
Joyce DeLine - Cornerstone Real Estate
2665 Shell Beach Road
PISMO BEACH, CA 93449
Phone: 805-441-2607
Email: jdeline@charter.net

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