$ 1,000,000
1417 Carmel St. San Luis Obispo, CA 93401
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$ 1,000,000
Est. payment /mo
Price Dropped by $100K
1417 Carmel St. San Luis Obispo, CA 93401
2 Beds
2 Baths
3,200 Sqft Lot
UPDATED:
11/02/2024 11:34 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24125940
Bedrooms 2
HOA Y/N No
Lot Size 3,200 Sqft
Property Description
Rare chance to purchase an income property at 1417 Pismo Street, conveniently located in downtown San Luis Obispo! Each unit has a full kitchen, 1 bedroom and full bathroom. Unit B, offering 494 sq ft of living space with laminate flooring, is currently leased month to month. It includes a range and fridge in the kitchen, and an indoor laundry closet with washer and dryer. Unit A, larger at 650 sq ft, is ready for your thoughtful upgrades in order to maximize rent income and increase equity. This property also offers a great opportunity to live in one unit while earning passive income from the other. Both units have off street parking spaces, while the street offers unmetered parking options. Situated on a 3200 sq ft lot zoned R-3, there is additional potential for creative investors; check with the City of SLO for possibilities.
Rare chance to purchase an income property at 1417 Pismo Street, conveniently located in downtown San Luis Obispo! Each unit has a full kitchen, 1 bedroom and full bathroom. Unit B, offering 494 sq ft of living space with laminate flooring, is currently leased month to month. It includes a range and fridge in the kitchen, and an indoor laundry closet with washer and dryer. Unit A, larger at 650 sq ft, is ready for your thoughtful upgrades in order to maximize rent income and increase equity. This property also offers a great opportunity to live in one unit while earning passive income from the other. Both units have off street parking spaces, while the street offers unmetered parking options. Situated on a 3200 sq ft lot zoned R-3, there is additional potential for creative investors; check with the City of SLO for possibilities.
Rare chance to purchase an income property at 1417 Pismo Street, conveniently located in downtown San Luis Obispo! Each unit has a full kitchen, 1 bedroom and full bathroom. Unit B, offering 494 sq ft of living space with laminate flooring, is currently leased month to month. It includes a range and fridge in the kitchen, and an indoor laundry closet with washer and dryer. Unit A, larger at 650 sq ft, is ready for your thoughtful upgrades in order to maximize rent income and increase equity. This property also offers a great opportunity to live in one unit while earning passive income from the other. Both units have off street parking spaces, while the street offers unmetered parking options. Situated on a 3200 sq ft lot zoned R-3, there is additional potential for creative investors; check with the City of SLO for possibilities.
Location
State CA
County San Luis Obispo
Area San Luis Obispo (93401)
Zoning Appraiser
Building
Lot Description Sidewalks
Story 1
Lot Size Range 1-3999 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Layne Smith • Link Real Estate Group, Inc.