$3,700,000
FOR SALEActive356 N Chorro
San Luis Obispo CA 93405
9,360
SF
Multi-Family
Type
1983
Built
$395/SF
Cost/SF
Listing Agent
Michael Puhek
DRE #: 01441759
Brokerage: RE/MAX Success
Location Analysis
About This Property
Welcome to Leland Lofts, a 14-unit multifamily property in the heart of San Luis Obispo. 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.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
R4
Zoning
0.2973 acres
Lot Size
14
Total Units
9,360 SF
Square Footage
$395.30/SF
Price per SF
1,983
Year Built
2
Stories
16
Parking Total
1.71
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# SC26212823
Listed:
Nalren refreshed:
Last updated
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Listed by: RE/MAX Success
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.