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3350 Bullock Lane, SAN LUIS OBISPO, CA 93401

$7,310,000
Property Type: Res Inc Status: Closed
Current Price: $7,310,000 List Date: 5/02/2014 Last Modified: 9/15/2024

Description

The Bullock Garden Apartments is a 49-unit residential community located in the coastal town of San Luis Obispo. This is an ideal opportunity for an investor seeking a quality apartment community in a high rental demand market with immediate upside in revenue. Originally built in 1976, the property consists of(5) separate buildings totaling 29,688 SF. Unit mix (16)2/1, (32) 1/1 and (1) Studio.

More Information MLS# 14-1378

Location Info

Country: US Cross Street: Bullock District: 97 - OUT OF AREA Street #: 3350 Street Name: Bullock Street Suffix: Lane State: CA Postal Code: 93401 County: San Luis Obispo Parcel Number: 053-071-017

Contract Info

Buyers Agent $/%: 2 Current Price: $7,310,000 Price: 7499000 Begin Date: 2014-05-02 Status: Closed

Property Information

Year Built: 1976 Stories: 2 Number of Units: 49

Neighborhood/Schools

Elementary School: Other Junior High School: Other High School: Other

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: price

Laundry

Laundry Room: 1

Unit 1

# Units: 32 # Bedrooms: 1 # Baths: 32 # Half Baths: 0 Furnished: N Rent: 943 Monthly Total: 30190

Unit 2

# Units: 16 # Bedrooms: 2 # Baths: 1 Rent: 1204 Monthly Total: 19260

Zoning

R-3: 1

Terms

Cash: 1 OTHER/CLA: 1

Listing Type

ER: 1

Unit 3

# Units: 1 # Bedrooms: 0 # Baths: 1 Rent: 695 Monthly Total: 695

Meters

Sep Meter Wtr: N Sep Meter Elec: Y Sep Meter Gas: Yes

Owner Provides

Water: 1 Trash: 1

Status Information

Sold Date: 2014-09-23 Sold Price: $7,310,000 Under Contract Date: 2014-08-07

Property Features

Laundry: Laundry Room Owner Provides: Water; Trash Zoning: R-3 Terms: Cash; OTHER/CLA Listing Type: ER
Listing Office: Radius Group Commercial R.E.
IDX
Last Updated: September - 15 - 2024
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