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7116 7124 Sombrilla Ave

Atascadero, CA 93422
  • $1,775,000
  • STATUS: Active
  • ON SITE: 223 Days
  • ID#: NS25175091
UPDATED: 44 min ago
$1,775,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Listing Agent(s): Wendy Streshenkoff of RE/MAX Parkside Real Estate (805-239-3310) and Fred Bruen of ()


Description

Sweet little investment property ready for it's new owner. 6 units, 4 1 bedroom 1 bath and 2 2 bedroom 1 bath units with a cultivated group of tenants that treat the complex like its own community. Many of the units have been updated throughout the years. The roofs of both buildings were replaced in April 2025 with 50 year shingles, and the exterior has been recently painted. There are over 11 parking spaces available. Seller pays water and trash, tenants cover other utilities. With minimal expenses and very little maintenance required this is a wonderful investment at a cap rate of 5.9%. P & L and rent roll available upon request. Call your realtor today, deals this good don't come along very often.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T19:31:30.327. 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 Equity Union. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/166590479
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7116 7124 Sombrilla Ave Atascadero, CA 93422

  • Price: $1,775,000
  • Status: Active
  • On Site: 223 Days
  • Updated: 44 min ago
  • ID#: NS25175091
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1975
Built
Neighborhood:
None
County:
San Luis Obispo
Area:
ATSC - Atascadero
Property Description
Sweet little investment property ready for it's new owner. 6 units, 4 1 bedroom 1 bath and 2 2 bedroom 1 bath units with a cultivated group of tenants that treat the complex like its own community. Many of the units have been updated throughout the years. The roofs of both buildings were replaced in April 2025 with 50 year shingles, and the exterior has been recently painted. There are over 11 parking spaces available. Seller pays water and trash, tenants cover other utilities. With minimal expenses and very little maintenance required this is a wonderful investment at a cap rate of 5.9%. P & L and rent roll available upon request. Call your realtor today, deals this good don't come along very often.
Exterior Features

Entry Level 1 Entry Location street Lot Features Sprinkler System Number Of Separate Electric Meters 6 Parking Features Unassigned Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common WallsNo One Above Fireplace Features None Fireplace YN No

Property Features

Association Fee 0 Association YN No Cap Rate 5.9 Common Interest Community Apartment Community Features Sidewalks Contingency 1031 Exchange Garage YN No Gross Income 0 Gross Scheduled Income 123060 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 105163 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 17897 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 10255 Trash Expense 4418 Water Sewer Expense 2100 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T19:31:30.327. 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 Equity Union. Licensed in the State of California, USA.
 
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Equity Union
860 Walnut St. Ste C
San Luis Obispo CA, 93401
Listing Agent(s): Wendy Streshenkoff of RE/MAX Parkside Real Estate (805-239-3310) and Fred Bruen of ()