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777-841 Boysen Avenue, SAN LUIS OBISPO, CA 93405

$5,800,000
Property Type: Res Inc Lot Size (sq. ft.): 59,900 Status: Closed
Current Price: $5,800,000 List Date: 4/08/2013 Last Modified: 9/15/2024

Overview

Description

Rare find on South Coast. Garden Style, 36 unit apartment community in great condition located in an ideal neighborhood. The property sits on one lot and is comprised of (6) separate buildings. Unit mix consists of (28) 2BD/1BA and (8) 1BA/1BA units. Onsite parking provides (36) garage carport spaces with plenty of street parking. Call for a complete Offering Memorandum.

Listing Details MLS# 13-1127

Location Info

District
97 - OUT OF AREA
Street #
777-841
Street Name
Boysen
Street Suffix
Avenue
State
CA
Country
US
Postal Code
93405
County
San Luis Obispo
Parcel Number
052-332-022
Cross Street
Chorro Street

Contract Info

Price
6000000
Buyers Agent $/%
2.5
Begin Date
2013-04-08

Status Information

Sold Date
2013-06-28
Under Contract Date
2013-05-02

Property Information

Number of Units
36
Stories
2
Year Built
1953
Apx Lot SqFt
59900

NeighborhoodSchools

Neighborhood
05 - Padaro

Remarks

Hot Sheet Comment
new

More Information

Owner Info

Deposit
3

Unit 1

# Units
36
# Bedrooms
36
# Baths
36
Furnished
N
Rent
45700
Monthly Total
45200
# Half Baths
0

Meters

Sep Meter Elec
Y
Sep Meter Gas
Yes

Neighborhood/Schools

Elementary School
Other
Junior High School
Other
High School
Other

Laundry

Laundry Room
Yes

Income/Expenses

Gross Rent Multiplr
11.35 Proforma
Capitalization Rate
5.65 Proforma
NOI
338,958 Proforma

Zoning

R-4
Yes

Terms

Cash
Yes
Conventional
Yes
OTHER/CLA
Yes

Listing Type

ER
Yes

Parking Info

Carport
Yes
Garage
Yes

Property Features

Parking Info: Carport; Garage; Carport Laundry: Laundry Room Zoning: R-4 Terms: Cash; Conventional; OTHER/CLA Listing Type: ER
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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