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1130 Olive St, San Luis Obispo, CA 93405
8
beds
5
baths
2701
ft2
· 7500
ft2 lot
$1,454,000
$538 / ft2
Listing provided courtesy of Ryan Benson, Peak Properties.
Source CRMLS.
One of the newest investment opportunities with an excellent rate of return, perfect for any investor looking in SLO. For sale near Cal Poly and consisting of two well maintained single family homes totaling 2700sf of living space. The front home consists of 3-bedrooms/2 bathrooms with a recent exterior paintjob, fully rented for over $2,300 per month. The rear home is a LARGE 5-bedroom/3-bathroom home with a single car garage, and is fully rented for just over $4,600. Both homes share the middle courtyard and backyard. Tenants paying all utilities. Quick access to HWY 101, Cal Poly and downtown San Luis Obispo.
HOA
$0/month
On market
6 months
Year built
2003
Property type
Multi-Family
Parking
5
MLS
SP20210325
Price / Sq.Ft.
$538 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Family Room, Jack & Jill, Kitchen, Laundry, Living Room
•   
Entry Level: 1
Interior Features
•   
Interior Features: Storage
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
Flooring
•   
Flooring: Stone
Interior Size
•   
Building Area Total: 2701.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Asphalt, Garage
•   
Garage Spaces: 1.00
•   
Uncovered Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: CT
•   
Foundation Details: Combination, Raised
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1722
•   
Lot Size Area: 7500.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 2
Property Features
•   
Accessibility: 2+ Access Exits, Parking, Ramp - Main Level
•   
Property Condition: Additions/Alterations, Turnkey
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 2
•   
Utilities: Electricity Available, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 2
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Tax/Assessment Info
•   
Gross Income: 6923.70
Lease Info
•   
Net Operating Income: 71712.30
Financial Info
•   
Cap Rate: 5.00
•   
Total Actual Rent: 6823.70
•   
Trash Expense: 100.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 1500.00
•   
Total Expenses: 12854.00
•   
Gross Scheduled Income: 83084.00
•   
Operating Expense: 11372.10
•   
Gardener Expense: 480.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 4615.80
•   
Unit 2 Bedrooms: 5
•   
Unit 2 Total Units: 1
•   
Has Attached Garage
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 3
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 4615.80
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2307.90
•   
Unit 1 Total Rent: 2307.90
Multi Unit Information
•   
# Of Units: 2
School Neighborhood & Directions
Location
•   
Other Subdivision Name: San Luis Obispo(380)
•   
Subdivision: San Luis Obispo(380)
•   
Community Features: Curbs, Dog Park, Foothills, Park, Sidewalks
School Info
•   
Directions: 1130 Olive St, San Luis Obsipo
Other
Calculation
•   
Dom: 146
•   
Cdom: 146
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 3:48pm
Neighborhood snapshot
19
Properties for sale
9
Median days on market
$480.26
Median sold price/sqft
100.13%
Sold/List %
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Property History
02/17/2021
02/17/2021
CRMLS #SP20210325
active
CRMLS #SP20210325
$1,454,000
--0.07%
01/25/2021
01/25/2021
CRMLS #SP20210325
active
CRMLS #SP20210325
$1,455,000
--0.27%
01/04/2021
01/04/2021
CRMLS #SP20210325
active
CRMLS #SP20210325
$1,459,000
--1.35%
01/04/2021
01/04/2021
CRMLS #SP20210325
active
CRMLS #SP20210325
$1,479,000
+2.14%
12/23/2020
12/23/2020
CRMLS #SP20210325
active
CRMLS #SP20210325
$1,448,000
--0.07%
See more property history
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