Skip To Content

1417 Carmel St.

San Luis Obispo, CA 93401
  • $1,000,000
  • STATUS: Active
  • ON SITE: 134 Days
  • ID#: SC24125940
UPDATED: 61 min ago
$1,000,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Layne Smith of Link Real Estate Group, Inc. (805-801-6498) and Steve Davis of McCarty Davis, Inc.(805-543-1801)


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-07T17:37:47.497. 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 or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/151994714
Print Image

1417 Carmel St. San Luis Obispo, CA 93401

  • Price: $1,000,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 61 min ago
  • ID#: SC24125940
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1950
Built
Neighborhood:
SLO - San Luis Obispo
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
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.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 2 Other Structures Shed(s) Parking Features Off Street Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingSidewalks Electric Expense 0 Exclusions Tenants personal property Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 22200 Inclusions washer/dryer (unit B) Insurance Expense 1290 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 20510 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 0 Number Of Units Leased 1 Operating Expense 1490 Possession See Remarks Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays ElectricityGas Total Actual Rent 1850 Trash Expense 295 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1800 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-07T17:37:47.497. 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 or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_372947782-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_372947782-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_372947782-2.jpg
Logo
Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): Layne Smith of Link Real Estate Group, Inc. (805-801-6498) and Steve Davis of McCarty Davis, Inc.(805-543-1801)