Excellent opportunity for the savvy investor and/or contractor to acquire 4 prime 2-bedroom units + lofts in a good location and build equity with a build out project. Once built out we see the property grossing approximately $124,800 yearly.

Location Description:

San Luis Obispo is one of California s oldest communities, enjoying a superior quality of life. With its unique natural beauty and delightful downtown, San Luis Obispo is a great place to live, work and visit. The City has 44,000 residents and is located eight miles from the Pacific Ocean, midway between San Francisco and Los Angeles at the junction of Highway 101 and scenic Highway 1. The Central Coast of California is the start of the Big Sur coastline of California and home of one of California s most popular attractions, Hearst Castle. The City s ideal weather and natural beauty provide numerous opportunities for outdoor recreation at nearby City and State parks, lakes, beaches and wilderness areas. The economy of San Luis Obispo remains very strong thanks to high employment with government agencies, which include City, County and Federal agencies. The City s average family income is $72,327. Attractions include the charming Downtown with great dining, shops and nightlife, arts center, Mission Plaza, historical walking tours, Wine country, etc.

Highlights:

>> Well located San Luis Obispo Rental Property

>> Substantial rental upside plus development and lot split potential

>> Four 2 bed +lofts/1 bath existing units, Two 2 bed/1 bath plus studio potential additions

>> Yards, decks, ample off street parking, and mountain views

* Email for additional photos

Cash, Cash to new loan.

Sales Info:

>> Commision split: 2.5%