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Listed by Robert Mcconaghy • LPT Realty, Inc.
$ 1,425,000
Est. payment | /mo
3 Beds
3 Baths
1,500 SqFt
$ 1,425,000
Est. payment | /mo
3 Beds
3 Baths
1,500 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $950
MLS Listing ID PI-25191231
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1950
Lot Size 8,543 Sqft
Property Sub-Type Single Family Residence
Property Description
Rare opportunity to obtain an income property located just five minutes' walking distance to Cal Poly University! The property includes two units: a 2-bedroom (ability to create a 3rd bedroom), 1.5-bath main residence with indoor laundry, plus a detached turnkey studio. The premium location delivers breathtaking views of Madonna Mountain and Bishop Peak, making it highly desirable for tenants and future growth. A huge bonus is the detached 2 car garage and large driveways for on site parking in addition to the street side parking. Cash flow potential from dual units, plus potential opportunities for additional unit development on the large lot. Situated in the heart of San Luis Obispo, you're only a short drive to pristine Central Coast beaches and less than 30 minutes to the award-winning Paso Robles wine country. A unique chance to secure rental income and strong potential appreciation in one of California's most sought-after university towns.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning R1
Interior
Cooling None
Fireplaces Type Family Room
Laundry In Kitchen
Exterior
Parking Features Driveway
Garage Spaces 2.0
Pool None
Community Features Curbs, Sidewalks
View Y/N Yes
View City Lights, Hills, Mountain(s)
Building
Lot Description Front Yard, Lot 6500-9999, 2-5 Units/Acre, Back Yard
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114