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.
Welcome to 2730 McMillan! This 46-unit apartment project exemplifies one of the best opportunities to build modern apartment living in San Luis Obispo. Top of market community and apartment amenities provide residents a comfortable oasis. The property benefits from its location, less than a mile from downtown San Luis Obispo, giving residents the benefits of walking and biking to downtown. In addition its premier location also is less than two blocks away from Duncan Alley, Crossroads and many other coffee shops and local restaurants. New ownership will benefit from the well designed project by Arris Architecture and a bid in hand from JW Design.
Courtesy: Comet Realty
San Luis Obispo is located in California. San Luis Obispo, California has a population of 46,997. San Luis Obispo is more family-centric than the surrounding county with 29.45% of the households containing married families with children. The county average for households married with children is 28.68%.
The median household income in San Luis Obispo, California is $49,640. The median household income for the surrounding county is $67,175 compared to the national median of $57,652. The median age of people living in San Luis Obispo is 26.5 years.
The average high temperature in July is 76.5 degrees, with an average low temperature in January of 42.2 degrees. The average rainfall is approximately 19.6 inches per year, with 0 inches of snow per year.
