3229 Broad

    San Luis Obispo, CA 93401
    • $3,240,000
    • STATUS: Pending
    • ON SITE: 236 days
    • ID#: SC18066877
    Pending
    UPDATED: 19 min ago
    $3,240,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,250
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2013
    County:

    School Ratings & Info

    Description

    This Mixed-Use property can be purchased with OWNER FINANCING. Owner will consider up to 75% carry back to all qualified Buyers. This property is well designed offering unique architectural lines and function. The outstanding location offers tenants easy access to multiple ethnic restaurants, a micro brewery and a range of services and retail outlets. This mixed-use development might be ideal for an owner user. The residential income is approximately $100,000.00 per year. The eight units are very spacious, with 6 (1) Bedroom (1) bath units and 2 (3) Bedroom (2) Bath units. The commercial/retail building is currently being re-entiled into up to 6 commercial condos by Above Grade Engineering. The location would be ideal for an engineering firm, Tech Company,CPA, architects, legal, real estate or other professional services company.Seller is in the process of entitling the Commercial building into up to 6 Commercial Condos FOR SALE at market rates. Take advantage of the opportunity to leverage this asset with OWNER FINANCING now!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T17:39:41.57. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/81954983

    3229 Broad San Luis Obispo, CA 93401

    • Price: $3,240,000
    • Status: Pending
    • Updated: 19 min ago
    • ID#: SC18066877
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    11,250
    SQFT
    $288
    $/SQFT
    2013
    Built
    Neighborhood:
    San Luis Obispo(380)
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    Property Description
    This Mixed-Use property can be purchased with OWNER FINANCING. Owner will consider up to 75% carry back to all qualified Buyers. This property is well designed offering unique architectural lines and function. The outstanding location offers tenants easy access to multiple ethnic restaurants, a micro brewery and a range of services and retail outlets. This mixed-use development might be ideal for an owner user. The residential income is approximately $100,000.00 per year. The eight units are very spacious, with 6 (1) Bedroom (1) bath units and 2 (3) Bedroom (2) Bath units. The commercial/retail building is currently being re-entiled into up to 6 commercial condos by Above Grade Engineering. The location would be ideal for an engineering firm, Tech Company,CPA, architects, legal, real estate or other professional services company.Seller is in the process of entitling the Commercial building into up to 6 Commercial Condos FOR SALE at market rates. Take advantage of the opportunity to leverage this asset with OWNER FINANCING now!
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 20000-39999 SqftLot Shape-RectangularLot-Level/Flat Lot Size Source Estimated Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling CentralElectric Cooling YN Yes Fireplace Features BathFamily RoomKitchenMaster BedroomElectric Fireplace YN Yes Heating Central Furnace Heating YN Yes Laundry Features InsideStackable Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Electric Expense 500.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 205968.00 Gross Scheduled Income 205968.00 Insurance Expense 3761.00 Land Lease YN No Laundry YN Yes Net Operating Income 173475.00 New Construction YN No New Taxes Expense 16500.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 10 Number Of Units Leased 8 Operating Expense 32493.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other San Luis Obispo(380) Tenant Pays ElectricityWater Total Actual Rent 103968.00 Total Expenses 32493.00 Trash Expense 1032.00 Utilities Cable Available Water Sewer Expense 1200.00 Water Source Public Year Built Source Seller

    Listing provided courtesy of Craig Losee of Central Commercial Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T17:39:41.57. 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. Licensed in the State of California, USA.
     
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