Listing Agent: Wendy Streshenkoff, RE/MAX Parkside Real Estate Listing Co-Agent: Fred Bruen, RE/MAX Parkside Real Estate
Sweet little investment property ready for it's new owner. 6 units, 4 1 bedroom 1 bath and 2 2 bedroom 1 bath units with a cultivated group of tenants that treat the complex like its own community. Many of the units have been updated throughout the years. The roofs of both buildings were replaced in April 2025 with 50 year shingles, and the exterior has been recently painted. There are over 11 parking spaces available. Seller pays water and trash, tenants cover other utilities. With minimal expenses and very little maintenance required this is a wonderful investment at a cap rate of 5.9%. P & L and rent roll available upon request. Call your realtor today, deals this good don't come along very often.
Property Sub Type
Apartment
Year Built
1975
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
1
Levels
One
Number Of Buildings
2
Number Of Units Total
6
Entry Level
1
Entry Location
street
Price Per Square Foot
$517
Price Per Unit
$295,833
Days On Market
134
Cumulative Days On Market
134
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Directions
41 to Santa Ysabel to Sombrilla
Laundry Y/N
Yes
Laundry Features
Common Area
Common Walls
2+ Common Walls,No One Above
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Number Of Separate Electric Meters
6
Number Of Separate Gas Meters
6
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Features
Unassigned
Lot Features
Sprinkler System
Lot Size Area
0.4100
Lot Size Units
Acres
Elevation Units
Feet
Common Interest
Community Apartment
Parcel Number
030011027
Subdivision Name
Other (OTHR)
Subdivision Name Other
None
Community Features
Sidewalks
Senior Community Y/N
No
Association Y/N
No
Number Of Units Leased
6
Tenant Pays
Cable TV, Electricity, Gas
Operating Expense
17897.00
Total Actual Rent
10255.00
Land Lease Y/N
No
Water Sewer Expense
2100.00
Trash Expense
4418.00
Professional Management Expense
6000.00
Gross Scheduled Income
123060.00
Total Expenses
17897.00
Net Operating Income
105163.00
Operating Expense
17897.00
Net Operating Income
105163.00
Cap Rate
5.90
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The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
