3350 Bullock Lane, SAN LUIS OBISPO, CA 93401 (MLS# 14-1378)

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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

Overview

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.

Listing Details MLS# 14-1378

Location Info

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

Contract Info

Price: 7499000
Buyers Agent $/%: 2
Begin Date: 2014-05-02

Status Information

Sold Date: 2014-09-23
Under Contract Date: 2014-08-07

Property Information

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

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 3

More Information

Unit 1

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

Unit 2

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

Unit 3

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

Meters

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

Neighborhood/Schools

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

Laundry

Laundry Room: Yes

Zoning

R-3: Yes

Terms

Cash: Yes
OTHER/CLA: Yes

Listing Type

ER: Yes

Owner Provides

Water: Yes
Trash: Yes

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.

Last Updated: September - 15 - 2024

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