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Key Details
Sold Price $1,900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,459 sqft
Price per Sqft $348
Subdivision Other (Othr)
MLS Listing ID PI21217280
Sold Date 12/27/21
HOA Y/N No
Year Built 1946
Lot Size 0.460 Acres
Acres 0.46
Property Description
*This property is currently not priced. The $1,699,000 would be the minimum offering price* First time ever on the market, 5435-5465 is a major value add opportunity. 16-unit total multifamily/mixed-use complex with opportunity for stabilized rent growth in a rapidly increasingly up-and-coming area. The property offers 5459 +/- square feet of space on slightly under a 1/2 acre lot with ample parking for tenants and customers. This 100% occupied desirable mix of 11 studios, 1 three bedroom two bathroom unit, and 4 commercial units is located within minutes of downtown Atascadero's best restaurants and entertainment options. Don't miss out on this great investment property with all month-to-month tenants.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Zoning CR
Rooms
Ensuite Laundry None
Interior
Interior Features Laminate Counters, Unfurnished, Attic, Instant Hot Water
Laundry Location None
Heating Electric, Forced Air, Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
Laundry None
Exterior
Garage Asphalt, On Site, Paved
Fence Chain Link, Partial, Wood
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Park, Rural, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities
View Y/N No
View None
Roof Type Asphalt,Composition,Flat,Shingle,Spanish Tile
Accessibility Safe Emergency Egress from Home, Grab Bars, Low Pile Carpet, Accessible Doors
Parking Type Asphalt, On Site, Paved
Total Parking Spaces 15
Private Pool No
Building
Lot Description Corner Lot, Drip Irrigation/Bubblers, Near Public Transit, Paved, Value In Land
Story 2
Entry Level One,Two
Foundation Concrete Perimeter, Raised, Slab
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 029312027
Security Features Smoke Detector(s)
Energy Description 2900.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Other
Special Listing Condition Standard, Trust
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Bought with Ben Tilbury • Keller Williams Realty Central Coast
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