2994 S Higuera Street

    San Luis Obispo, CA 93401
    • $2,600,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: SP19153133
    UPDATED: 37 min ago
    $2,600,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,400
      SQFT
    • $1,083
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:

    School Ratings & Info

    Description

    The property consist of a Duplex with 2 Bedrooms and 2 Baths each and One Apartment 1 Bedroom, 1Bath. All three of these units have been remodeled with new kitchens, bathrooms, windows and flooring. Both unit in the duplex have new fenced on years for Privacy. Two of the Mobiles homes owned by the park have been remodeled with new kitchens, bathrooms, windows and flooring. The property also owns a brand new 2 bedroom, 1 bath home and a newer park model, both rented. Only 2 tenants pay for water, sewer and trash. The seller does not plan any rent increase rather a pass through of the gas and electric expense. The property is 100% Occupied and available units are usually rented in a few days.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-23T13:39:00.11. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Parkside Real Estate. Licensed in the State of California, USA.
    www.discoverslocountyrealestate.com/homes/96389198

    2994 S Higuera Street San Luis Obispo, CA 93401

    • Price: $2,600,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: SP19153133
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    2,400
    SQFT
    $1,083
    $/SQFT
    1949
    Built
    Neighborhood:
    SLO - San Luis Obispo
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    Property Description
    The property consist of a Duplex with 2 Bedrooms and 2 Baths each and One Apartment 1 Bedroom, 1Bath. All three of these units have been remodeled with new kitchens, bathrooms, windows and flooring. Both unit in the duplex have new fenced on years for Privacy. Two of the Mobiles homes owned by the park have been remodeled with new kitchens, bathrooms, windows and flooring. The property also owns a brand new 2 bedroom, 1 bath home and a newer park model, both rented. Only 2 tenants pay for water, sewer and trash. The seller does not plan any rent increase rather a pass through of the gas and electric expense. The property is 100% Occupied and available units are usually rented in a few days.
    Exterior Features

    Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Common Area

    Property Features

    Accounting Type Proforma Additional Parcels YN No Building Area Units Square Feet Building Status Land Cap Rate 5.31 Country Us Effective Gross 257643 Electric Expense 20372.00 Expense Year 2019 Gross Scheduled Income 248748.00 Insurance Expense 3788.00 Investment Property YN Yes Land Use Mobile Home Park Laundry Equipment Own Lease Lease Laundry YN Yes Leasable Area Units Square Feet Legal Accounting Expense 2000.00 Maintenance Expense 16000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 138000.00 Number Of Units Leased 18 Operating Expense 119643.00 Other Expense 2778.00 Other Income1 16357.00 Personal Property Amount 600 Professional Management Expense 8100.00 Property Sub Type Multi Family Real Estate Tax Expense 27872.00 Resident Manager Expense 11520.00 Special Listing Conditions Standard Supplies Expense 5600.00 Tax Rate 1.07 Total Expenses 119643.00 Trash Expense 3464.00 Vacancy Allowance 7462 Vacancy Allowance Rate 3.00 Water Sewer Expense 17549.00 Water Source Public

    Listing provided courtesy of David Rogers of Rogers, David - Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-23T13:39:00.11. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Parkside Real Estate. Licensed in the State of California, USA.
     
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    Paso Robles CA, 93446