356 N Chorro San Luis Obispo, CA 93405
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC26212823
HOA Y/N No
Year Built 1983
Lot Size 0.297 Acres
Property Sub-Type Multi Family
Property Description
Across three buildings, the property offers 12 studios, 2 one-bedroom residences with 1 1/2 baths, on-site laundry, storage and 16 parking spaces and 5 storage spaces. The location puts residents within a short walk or bike ride to Cal Poly, the Foothill shopping and dining district and downtown San Luis Obispo.
The current tenant culture consists of working professionals, some of whom work at Cal Poly.
In recent years current ownership has invested in the property with new windows, new roof, exterior painting, fencing, landscaping and site improvements, new commercial laundry equipment and renovations in multiple units.
The property is currently fully occupied with month to month leases.
Leland Lofts offers strong current income with potential to raise rents and from unrented storage units. Explore future improvements with the City for additional units subject to independent feasibility review and required approvals.
Broker makes no claim in regards to market rents or construction enhancements.
All information dispersed is deemed reliable, but not guaranteed. Buyer and buyer's agent or broker to confirm all facts relating to the property. Contact us for the property fact sheet, rent roll and detailed financial information.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning R4
Interior
Heating Forced Air, Wall Furnace
Cooling None
Fireplace No
Appliance Dryer, Washer
Laundry Laundry Room
Exterior
Carport Spaces 6
Fence Good Condition
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition,Shingle
Total Parking Spaces 16
Building
Lot Description Street Level
Story 2
Water Public
Others
Tax ID 052332013
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Nearby Locations
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