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1771 Johnson Avenue

San Luis Obispo, CA 93401
  • $4,250,000
  • STATUS: Active
  • ON SITE: 160 Days
  • MLS #: SC24231583
UPDATED: 15 min ago
$4,250,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2010
County:

School Ratings & Info

Listing Agent(s): Elizabeth Lee of Triad Real Estate Group (805-544-5500)


Description

Price Improvement! One-of-a-kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single-family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-29T19:34:13.427. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/158031926
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1771 Johnson Avenue San Luis Obispo, CA 93401

  • Price: $4,250,000
  • Status: Active
  • On Site: 160 Days
  • Updated: 15 min ago
  • MLS #: SC24231583
0
Beds
0
Baths
0
½ Baths
0.3
Acres
2010
Built
Neighborhood:
San Luis Obispo(380)
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
Property Description
Price Improvement! One-of-a-kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single-family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.
Exterior Features

Architectural Style Cottage Construction Materials DrywallFiberglass SidingWood Siding Entry Level 1 Entry Location Front Fencing Fair ConditionWood Foundation Details RaisedSlab Lot Features 6-10 Units/AcreBack YardDrip Irrigation/Bubblers Number Of Separate Electric Meters 9 Open Parking Spaces 1 Parking Features GarageOn SiteOff Street Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Roof Metal Spa Features None Spa YN No View City LightsHillsMountain(s)Neighborhood View YN Yes

Interior Features

Appliances DishwasherElectric Water HeaterFreezerDisposalGas OvenGas RangeMicrowaveRefrigeratorRange HoodTankless Water Heater Common Walls No Common Walls Cooling None Cooling YN No Door Features Mirrored Closet Door(s) Fireplace Features None Fireplace YN No Flooring BambooCarpetConcreteVinyl Heating ElectricForced Air Heating YN Yes Interior Features Multiple StaircasesStone CountersAll Bedrooms Up Window Features BlindsDouble Pane WindowsScreensWood Frames

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Common Interest Planned Development Community Features BikingCurbsFoothillsHikingParkStreet LightsSidewalks Current Financing None Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 210180 Gross Scheduled Income 0 Insurance Expense 6739.3 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupIn Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 4000 Net Operating Income 184791.3 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Number Of Units Leased 8 Operating Expense 25388.6 Pest Control Expense 0 Pool Expense 0 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Single Family Residence Rent Control YN No Security Features Carbon Monoxide Detector(s)Fire Detection SystemSmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 200 Tenant Pays All Utilities Total Actual Rent 17515 Trash Expense 517.32 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 2200 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-29T19:34:13.427. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Elizabeth Lee of Triad Real Estate Group (805-544-5500)