1906-1910 Chorro St - Multi-Family FOR SALE


San Luis Obispo, CA 93401
$1,865,000 USD
805-459-5889
1906-1910 Chorro St, San Luis Obispo, CA for Sale
$1,865,000 USD
Multi-Family - FOR SALE
1/14
null | Request Cap Rate

1906-1910 Chorro St
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Close to downtown SLO
  • Minimal vacancy
  • Amenities for residents include garages

OVERVIEW

Old-town SLO Railroad-Area triplex, near Upham Street and Railroad Square. Property parcel includes 1895 charming 3 brm, 2 bath home (one with clawfoot tub), renovated kitchen with generous storage, dishwasher, washer/dryer hookups, gracious front porch and back deck, and fully fenced front yard with Meyer lemon and orange trees. Rear of parcel has 1950’s era duplex, including two 1-bedroom 1 full bath apartments with single-level mirror floor plan layouts, with partially enclosed yard areas. One unit recently vacant and sparkling clean with recent paint and recent carpet, ready for occupancy. Garages for all 3 units include roll-up doors, 1-car sized each. Unit sizes are estimates, and square footage from assessor may be smaller than actual total area of units. May be potential for Mills Act property tax savings, buyer to evaluate for qualification. Property professionally managed. Seller will consider buyer concessions. Contact SA for link to reports, inspections, and info, including 2023 & 2024 financials and rent roll.

FOR SALE DETAILS

PRICE

$1,865,000 USD

PRICE/SF

$863 USD /SF

# OF UNITS

3

PRICE/UNIT

$621,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1906-1910 Chorro

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1895

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,275 SF

ZONING

MF 2-4 units

APN/PARCEL ID

003-647-003

ASK ABOUT THIS PROPERTY

Dawna DaviesDavies Company Real EstateMore Info
805-459-5889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dawna DaviesDavies Company Real EstateMore Info
805-459-5889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.