1130 Olive St

San Luis Obispo, CA 93405

About this property

Profitable and secure investment opportunity at a 5% CAP RATE for sale near Cal Poly consisting of two permitted and fully rented single family homes with 2700+sf of living space. Very strong rental history with a waitlist for residency, as this is the home of the local Cal Poly surf team. The front home consists of 3-bedrooms/2 bathrooms with a recent exterior paintjob, currently rented for $2,300 per month. The rear home is a LARGE 5-bedroom/3-bathroom home with a single car garage, and is currently being rented for just over $4,600. Both homes share the middle courtyard and backyard. Both homes are separately metered, with tenants paying all utilities. Quick access to HWY 101, Cal Poly and downtown San Luis Obispo.

Date Added
October 6, 2020
Listing Status
Active
Days On Site
143
MLS#
SP20210325

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
iqweb_
Sub-Type
Resale
Year
2003
Garage
0
Pool
No
Story(s)
Property View
No
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$1,449,000 Active
2,701 SQFT

Presented By BHHS Hallmark Realty

Paso Robles

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Get in touch today! Phone: (805) 237-4700
License #01948678
Brokerage
Paso Robles
(805) 237-4700
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Area Information

SLO - San Luis Obispo | San Luis Obispo County |

$ 1,449,000
This listing is play_arrow 124.8% higher than the average in the area
$ 644,450 in the area
2,701 SqFt
This listing is play_arrow 138.3% larger than the average in the area
1,134 SqFt in the area
$ 536 $/SqFt
This listing is play_arrow 5.7% less than the average in the area
$ 569 $/SqFt in the area
143 days on site
This listing is play_arrow 111.9% above the average in the area
68 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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