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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 1,000,000

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1417 Carmel ST San Luis Obispo, CA 93401

2 Beds

2 Baths

3,201 Sqft Lot

UPDATED:

09/30/2024 06:34 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC24126796

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1950

Lot Size 3,201 Sqft

Lot Dimensions Appraiser

Property Description

Rare chance to purchase an income property at 1417 Pismo Street, conveniently located in downtown San Luis Obispo! Each unit has a full kitchen, 1 bedroom and full bathroom. Unit B, offering 494 sq ft of living space with laminate flooring, is currently leased month to month. It includes a range and fridge in the kitchen, and an indoor laundry closet with washer and dryer. Unit A, larger at 650 sq ft, with brand new carpeting and water heater, is ready for your thoughtful upgrades in order to maximize rent income and increase equity. This property also offers a great opportunity to live in one unit while earning passive income from the other. Situated on a 3200 sq ft lot zoned R-3, there is additional potential for creative investors; check with the City of SLO for possibilities.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Zoning R3

Rooms

Main Level Bedrooms 2

Ensuite Laundry See Remarks

Interior

Interior Features All Bedrooms Down

Laundry Location See Remarks

Cooling None

Fireplaces Type None

Inclusions washer and dryer in Unit B

Fireplace No

Laundry See Remarks

Exterior

Pool None

Community Features Biking

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description 16-20 Units/Acre

Dwelling Type Duplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 003611020

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

Listed by Layne Smith • Link Real Estate Group, Inc. • 805-704-5476

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

1417 Carmel ST San Luis Obispo, CA 93401

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1417 Carmel ST