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https://www.londonproperties.com/property/link/crmls/SC26048875/35-Blarney/San-Luis-Obispo/https://www.londonproperties.com/images/props/crmls/full/SC26048875.jpgLondon Properties San Luis Obispo Real Estate | 35 Blarney
Listing Agent: Troy Gray, Kestly Realty Group Inc. Listing Co-Agent: Jeannie Pleasant, Kestly Realty Group Inc.
This exceptional multi-unit property delivers strong cash flow from day one with 7 long-term rentals plus additional rentable spaces. Most units feature private fenced yards for enhanced tenant appeal and privacy. Set in a peaceful country location yet just minutes from town, it boasts beautiful views of Bishop Peak and Madonna Mountain-ideal for enjoying Central Coast living. Highlights include a rented barn for extra income and a versatile shop ready for use or future rental. With room to add units (subject to county approval, buyer to verify), this is a turnkey cash-flow opportunity with excellent growth potential in one of California's most sought-after areas. Perfect for investors seeking proven performance, privacy, stunning scenery, and prime location. A rare find-don't miss out!
Property Sub Type
Commercial/Residential
Year Built
1930
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
1
Levels
One
Number Of Buildings
9
Number Of Units Total
12
Entry Level
1
Entry Location
N/A
Price Per Square Foot
$547
Price Per Unit
$245,833
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
No
Rent Control Y/N
No
Fence Y/N
Yes
Directions
Take Foothill to Blarney Lane.
Laundry Y/N
Yes
Laundry Features
Gas & Electric Dryer Hookup
Roof
Asphalt
Appliances Y/N
Yes
Appliances
Water Heater, Microwave, Refrigerator, Gas Range
Common Walls
No 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 With Range
7
Number Of Separate Electric Meters
7
Number Of Separate Gas Meters
6
Utilities
Natural Gas Connected, Electricity Connected
Water Source
Well
Sewer
Septic Type Unknown
Well Depth
70
Well Pump Horsepower
0.50
Well Gallons Per Minute
0.50
Well Report Y/N
Yes
Parking Y/N
Yes
Parking Features
Concrete
Lot Features
6-10 Units/Acre
Lot Size Area
208217.0000
Lot Size Units
Square Feet
Lot Size Dimensions
200x1028
Elevation Units
Feet
View Y/N
Yes
View
Mountain(s)
Fencing
Wood
Common Interest
None
Parcel Number
067081006
Additional Parcels Y/N
No
Subdivision Name
San Luis Obispo(380)
Subdivision Name Other
San Luis Obispo(380)
Community Features
Storm Drains
Senior Community Y/N
No
Number Of Units Leased
12
Gross Income
233400.00
Gross Multiplier
12.60
Operating Expense
27864.00
Total Actual Rent
19450.00
Land Lease Y/N
No
Assessments
None
Insurance Expense
8556.00
Electric Expense
3840.00
Water Sewer Expense
432.00
Trash Expense
3036.00
Professional Management Expense
10800.00
Other Expense
1200.00
Other Expense Description
wifi
Gross Scheduled Income
233400.00
Gross Income
233400.00
Total Expenses
27864.00
Net Operating Income
205536.00
Operating Expense
27864.00
Gross Income
233400.00
Net Operating Income
205536.00
Cap Rate
7.00
Tax Rate
1.10
Tax Year
2025
Tax Area
112002
Tax Lot
16
71109
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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.
