1745 Nipomo Street

    San Luis Obispo, CA 93401
    • $1,275,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: SP18120617
    Price Reduced
    UPDATED: 71 min ago
    $1,275,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,450
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    1745 & 1751 Nipomo. Not your typical run of the mill Triplex, same owner for 38-years, property consists of a Front unit on second story is a large 1/1 with loft, and very custom built. The bedroom is Master Size. Below this unit is a 2/1.75 unit that is currently being utilized as a 1/1 and studio-office/3/4 bath, could easily be converted back to a 2/1.75 unit. Back unit is a 2/1.5 plus bonus room, currently being utilized as a 3rd bedroom. Total rented are 4-units, plus income from community laundry. Owner currently keeps 2-car garage for own use so additional income possibility for new buyer. Homes are very unique with skylights and cathedral ceilings. Great location, walk-able to downtown, near city park, and public transit. Both dwellings have new roofs. Would be a great student rental, professional rentals, or Owner live in one and rent remaining units. Owner would prefer to carry with large down payment at competitive terms.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T07:27:42.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.pismohomes.com/homes/84077372

    1745 Nipomo Street San Luis Obispo, CA 93401

    • Price: $1,275,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: SP18120617
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,450
    SQFT
    $370
    $/SQFT
    1980
    Built
    Neighborhood:
    San Luis Obispo(380)
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    Property Description
    1745 & 1751 Nipomo. Not your typical run of the mill Triplex, same owner for 38-years, property consists of a Front unit on second story is a large 1/1 with loft, and very custom built. The bedroom is Master Size. Below this unit is a 2/1.75 unit that is currently being utilized as a 1/1 and studio-office/3/4 bath, could easily be converted back to a 2/1.75 unit. Back unit is a 2/1.5 plus bonus room, currently being utilized as a 3rd bedroom. Total rented are 4-units, plus income from community laundry. Owner currently keeps 2-car garage for own use so additional income possibility for new buyer. Homes are very unique with skylights and cathedral ceilings. Great location, walk-able to downtown, near city park, and public transit. Both dwellings have new roofs. Would be a great student rental, professional rentals, or Owner live in one and rent remaining units. Owner would prefer to carry with large down payment at competitive terms.
    Exterior Features

    Garage Spaces 2.00 Lot Features 21-25 Units/AcreBack Yard Lot Size Source Seller Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 1550 Average1 Bed Area Units Square Feet Average2 Bed Area 1150 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring TileWood Interior Features BalconyBuilt-InsCathedral-Vaulted CeilingsCeiling FanCeramic CountersOpen Floor Plan Laundry Features Community Levels Multi/Split

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 726.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 72900.00 Gross Scheduled Income 69300.00 Insurance Expense 1584.00 Land Lease YN No Laundry Income 3600.00 Laundry YN Yes Maintenance Expense 2247.00 Net Operating Income 45365.00 New Taxes Expense 14300.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 4 Operating Expense 23935.00 Property Sub Type Triplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other San Luis Obispo(380) Supplies Expense 1450.00 Tenant Pays Cable TvElectricityGas Total Actual Rent 5775.00 Total Expenses 23935.00 Trash Expense 1451.00 Utilities Cable Available Water Sewer Expense 2177.00 Water Source Public Year Built Source Seller Zoning R2

    Listing provided courtesy of Kevin King of King Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-16T07:27:42.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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