Listed by David Rogers, David Rogers, Broker,

6180 Ontario Road

San Luis Obispo, CA, 93405

$3,995,000

$726 per ft²
$3,995,000
$726 per ft²
Active
Active
 - For Sale
carpenters-square
5,500 ft²
property_type
Multi-family
calendar
Built 1960
20 units in San Luis Obispo County, consisting of a 4 bedroom house, 6 apartments, and 13 Mobile Home Spaces on a little less than 5 acres. Property is located between Avila Beach and San Luis Obispo. The property has been approved for replacement of the gas and electric lines scheduled to be replaced in 2nd half of 2023. Cost to the owner will be less than $20,000 due to the CPUC Program. The roads are in bad shape but makes no sense to replace now since they will be digging new lines underground. 3 of the mobile home spaces are subject to rent control and the apartments and house are subject to the State Rent Control. The property is currently on a lease but the price includes the land and will be delivered fee simple. The seller removed three old homes and is currently renting those spaces to trailers. After the replacement of the lines those trailers can be replaced with brand new homes allowing for a substantial profit. In addition an ADU can be put on the property further increasing cash flow. Obviously there is rarely a time when a unit is empty for more than a week.
MLS® ID:
SC22250726
Listed:
12/3/22
Updated:
2/1/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Floor Description
Laminate, Wood
Fireplace
Electric, Family Room, Gas, Master Bedroom, Wood Burning
Cooling
Gas

Exterior/Building Features

Lot Size
4.0 acres lot
Lot Details
2-5 Units/Acre
Sewer
Septic Tank

Other Property Details

Area Name
SLO - San Luis Obispo
Association Amenities
Biking, Foothills, Mountainous, Rural
Garage
No
Parking
Assigned
View
N
County
San Luis Obispo
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Zoning
RL
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
1/14/23
Price Change
$3,995,000
-4%

Listed by David Rogers, Broker, David Rogers,
Listing Contact: 909-337-6589 

Based on information from California Regional Multiple Listing Service, Inc. as of 2/1/23. 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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Data last updated 2:46 PM UTC, 2/1/23

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