60 Casa Street

    San Luis Obispo, CA 93405
    • $21,000,000
    • STATUS: Active
    • ON SITE: 104 days
    • ID#: PI18055450
    UPDATED: 74 min ago
    $21,000,000
    • 0
      BEDS
    • 1.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,370
      SQFT
    • $899
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:

    School Ratings & Info

    Description

    Student housing complex very close to Cal Poly, SLO. 32 units in 7 buildings. Townhome style units are 2 bedroom 2.5 bathrooms. One unit is a 3 bedroom. All units remodeled with granite counter tops and hardwood floors. There are approximately 60 total parking spaces, 6 of which are covered. There is a common area located at the interior side of the buildings with BBQ pits and a picnic area. There is an onsite laundry room. This student housing complex is just .25 miles from Cal Poly and 8 miles from Cuesta College. Sierra Vista Medical Center is on the same block. All units are rented unfurnished and on 1 year leases.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T23:28:19.333. 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/81461849

    60 Casa Street San Luis Obispo, CA 93405

    • Price: $21,000,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: PI18055450
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.41
    Acres
    23,370
    SQFT
    $899
    $/SQFT
    1984
    Built
    Neighborhood:
    San Luis Obispo(380)
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    Property Description
    Student housing complex very close to Cal Poly, SLO. 32 units in 7 buildings. Townhome style units are 2 bedroom 2.5 bathrooms. One unit is a 3 bedroom. All units remodeled with granite counter tops and hardwood floors. There are approximately 60 total parking spaces, 6 of which are covered. There is a common area located at the interior side of the buildings with BBQ pits and a picnic area. There is an onsite laundry room. This student housing complex is just .25 miles from Cal Poly and 8 miles from Cuesta College. Sierra Vista Medical Center is on the same block. All units are rented unfurnished and on 1 year leases.
    Exterior Features

    Carport Spaces 6.00 Construction Materials Stucco Fence YN Yes Fencing Stucco WallWrought Iron Foundation Details Slab Garage Spaces 0.00 Lot Features 31-35 Units/Acre Lot Size Units Acres Parking Features Parking Space Parking Total 60.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Spanish Tile View Neighborhood View YN Yes

    Interior Features

    Appliances Gas RangeGas StoveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 930 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring TileWood Heating Wall Heater Heating YN Yes Interior Features Granite Counters Laundry Features Community Levels Two Room Type KitchenLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 2.90 Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 3000.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 30000.00 Garage Rental Rate 500.00 Gardener Expense 1700.00 Gross Income 602750.00 Gross Multiplier 22.00 Gross Operating Income 913740.00 Gross Scheduled Income 942000.00 Insurance Expense 12587.00 Land Lease YN No Laundry Income 6000.00 Laundry YN Yes Maintenance Expense 21527.00 Net Operating Income 572750.00 New Taxes Expense 180000.00 Number Of Separate Electric Meters 32 Number Of Separate Gas Meters 32 Number Of Separate Water Meters 32 Number Of Units Leased 32 Operating Expense 340990.00 Professional Management Expense 56520.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other San Luis Obispo(380) Total Actual Rent 942000.00 Total Expenses 340990.00 Trash Expense 8900.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Zoning R4

    Listing provided courtesy of Dick Keenan of Keller Williams Realty Central Coast and Lorelei Komm of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T23:28:19.333. 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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    Pismo Beach CA, 93449