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2730 McMillan Ave

San Luis Obispo, CA 93401

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$2,550,000

41,884 sq ft
  |  
1.10 acres

2730 McMillan Ave

San Luis Obispo, CA 93401

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Listed On: 01/20/2025
Status: Pending (Taking Backup Offers)
Listing Number: SC25013740 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Anthony Aurignac, Venture Real Estate

Welcome to 2730 McMillan! This 46-unit apartment project exemplifies one of the best opportunities to build modern apartment living in San Luis Obispo. Top of market community and apartment amenities provide residents a comfortable oasis. The property benefits from its location, less than a mile from downtown San Luis Obispo, giving residents the benefits of walking and biking to downtown. In addition its premier location also is less than two blocks away from Duncan Alley, Crossroads and many other coffee shops and local restaurants. New ownership will benefit from the well designed project by Arris Architecture and a bid in hand from JW Design.
Property Sub Type
Apartment
Year Built
2025
Year Built Source
See Remarks
Special Listing Conditions
Standard
Stories Total
4
Number Of Buildings
1
Number Of Units Total
46
Entry Level
1
Entry Location
Parking Lot
Price Per Square Foot
$61
Price Per Unit
$55,435
Days On Market
353
Cumulative Days On Market
597
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Directions
Orcutt Road to McMillan. Take McMillan to the end of the cut-de-sac.
Laundry Y/N
Yes
Laundry Features
Dryer Included, Washer Included
Common Walls
2+ Common Walls
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
46
Water Source
Public
Sewer
Public Sewer
Lot Features
0-1 Unit/Acre,Corner Lot,Cul-De-Sac
Lot Size Area
47916.0000
Lot Size Units
Square Feet
Elevation Units
Feet
View Y/N
Yes
View
Hills
Common Interest
Community Apartment
Parcel Number
053212022
Additional Parcels Y/N
No
Zoning
M
Subdivision Name
San Luis Obispo(380)
Subdivision Name Other
San Luis Obispo(380)
Community Features
Dog Park, Hiking, Park, Sidewalks, Storm Drains
Senior Community Y/N
No
Association Y/N
No
Operating Expense
445106.00
Land Lease Y/N
No
Gross Scheduled Income
1542123.00
Net Operating Income
1097017.00
Operating Expense
445106.00
Net Operating Income
1097017.00
Tax Census Tract
111.04
Tax Lot
11

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.

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