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383 Lemon Street
San Luis Obispo, CA 93405
MLS# SP18068676 ID: 50812264
4434 sq.ft.
$2,195,000
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Property Description
Here's your chance to... buy an amazing 6 unit income property close to Cal Poly and downtown San Luis Obispo that is great for students and young professionals. This property is fully leased out through August 2019 generating $13,350 per month. This is the highest CAP Rate currently available in San Luis Obispo! This is an extremely high demand location as Cal Poly continues to increase enrollment and local businesses continue to grow. Coupled with the low inventory and high prices, the rental market has seen tremendous growth that continues for years to come. The large 12,500 sq ft property has just undergone a significant amount of work starting with new roofs and new paint on all buildings. Most units have new kitchen and bathroom cabinets, new counters and sinks, new water heaters, new furnaces, new tile and laminate flooring, and new windows. Even the yard ensures minimal maintenance for the new owner. The property is comprised of 4 buildings on the corner of Olive and Lemon St. It has (2) 3 bedroom houses, 1 duplex with 1 bedroom in each and another duplex with a 2 bedroom unit and a 1 bedroom unit. Coin operated laundry brings in additional income. Plenty of off street parking and a large, low maintenance courtyard make a great area to hangout after class. Each unit has separate electric meters that tenants pay. Owner pays for water, gas and trash averaging roughly $635/month combined.
Property Features
Status
Last Updated July 20, 2018
Market Status Available
Description
Property Type Multi Family
Year Built 1935
Sq. Feet 4434
Building Features
Heating System Wall Heating Unit
Roof Composition Roof
Community Info
Home Owner Asso. Community Laundry Facility(s)
Laundry Facilities
Location
MLS Area Slo - San Luis Obispo
Offered By:
Clint Nunes
Triad Real Estate Group
Schools Near Property

Select a school from the list below to receive a free school report

School District Grades Type
Preschool-k Private
San Luis Coastal Unified School District Preschool-5 Public
San Miguel Joint Union Elementary School District Preschool-8 Public
Atascadero Unified School District Preschool-6 Public
Preschool-6 Private
Paso Robles Joint Unified School District Preschool-5 Public
Lucia Mar Unified School District Preschool-6 Public
San Luis Coastal Unified School District Preschool-6 Public
Preschool-6 Private
Preschool-12 Private
Diocese Of Monterey Preschool-8 Catholic
San Luis Coastal Unified School District Preschool-12 Public
Diocese Of Monterey Preschool-8 Catholic
Atascadero Unified School District Preschool-6 Public
Shandon Joint Unified School District Preschool-8 Public
San Luis Coastal Unified School District Preschool-6 Public
Preschool-k Private
Diocese Of Monterey Preschool-8 Catholic
Preschool-8 Private
School District Grades Type
Preschool-k Private
San Luis Coastal Unified School District Preschool-5 Public
San Miguel Joint Union Elementary School District Preschool-8 Public
Atascadero Unified School District Preschool-6 Public
Preschool-6 Private
Paso Robles Joint Unified School District Preschool-5 Public
Lucia Mar Unified School District Preschool-6 Public
San Luis Coastal Unified School District Preschool-6 Public
Preschool-6 Private
Preschool-12 Private
Diocese Of Monterey Preschool-8 Catholic
San Luis Coastal Unified School District Preschool-12 Public
Diocese Of Monterey Preschool-8 Catholic
Atascadero Unified School District Preschool-6 Public
Shandon Joint Unified School District Preschool-8 Public
San Luis Coastal Unified School District Preschool-6 Public
Preschool-k Private
Diocese Of Monterey Preschool-8 Catholic
Preschool-8 Private
School District Grades Type
K-12 Private
San Miguel Joint Union Elementary School District K-8 Public
Preschool-k Private
Paso Robles Joint Unified School District K-5 Public
San Luis Coastal Unified School District Preschool-5 Public
San Luis Coastal Unified School District K-6 Public
San Luis Coastal Unified School District K-6 Public
Lucia Mar Unified School District K-6 Public
K-12 Private
Coast Unified School District K-5 Public
San Miguel Joint Union Elementary School District Preschool-8 Public
Atascadero Unified School District Preschool-6 Public
Cayucos Elementary K-8 Public
Preschool-6 Private
K-12 Private
1-12 Private
Atascadero Unified School District K-6 Public
Lucia Mar Unified School District K-6 Public
San Luis Coastal Unified School District K-5 Public
Lucia Mar Unified School District K-6 Public
Atascadero Unified School District 4-8 Public
Paso Robles Joint Unified School District Preschool-5 Public
Lucia Mar Unified School District Preschool-6 Public
Lucia Mar Unified School District K-6 Public
Lucia Mar Unified School District K-6 Public
San Luis Coastal Unified School District Preschool-6 Public
1-11 Private
K-11 Private
Paso Robles Joint Unified School District K-5 Public
Lucia Mar Unified School District K-6 Public
San Miguel Joint Union Elementary School District K-8 Public
San Luis Coastal Unified School District K-6 Public
San Luis Coastal Unified School District K-6 Public
Atascadero Unified School District K-5 Public
Preschool-6 Private
Lucia Mar Unified School District K-6 Public
Preschool-12 Private
Lucia Mar Unified School District K-6 Public
Lucia Mar Unified School District K-6 Public
Diocese Of Monterey Preschool-8 Catholic
San Luis Coastal Unified School District K-6 Public
Paso Robles Joint Unified School District K-5 Public
San Luis Coastal Unified School District Preschool-12 Public
Diocese Of Monterey Preschool-8 Catholic
Atascadero Unified School District K-6 Public
Atascadero Unified School District Preschool-6 Public
K-6 Private
K-10 Private
1-8 Private
Atascadero Unified School District K-6 Public
Atascadero Unified School District K-5 Public
Shandon Joint Unified School District Preschool-8 Public
Lucia Mar Unified School District K-6 Public
San Luis Coastal Unified School District K-6 Public
1-11 Private
San Luis Coastal Unified School District Preschool-6 Public
Preschool-k Private
Diocese Of Monterey Preschool-8 Catholic
San Luis Coastal Unified School District 4-6 Public
Templeton Unified School District K-2 Public
1-8 Private
Templeton Unified School District K-8 Public
Preschool-8 Private
K-10 Private
Templeton Unified School District 3-5 Public
Paso Robles Joint Unified School District K-5 Public
Atascadero Unified School District K-12 Public
Paso Robles Joint Unified School District K-5 Public
School District Grades Type
K-12 Private
San Miguel Joint Union Elementary School District K-8 Public
Atascadero Unified School District 6-8 Public
K-12 Private
San Miguel Joint Union Elementary School District Preschool-8 Public
Cayucos Elementary K-8 Public
K-12 Private
1-12 Private
Paso Robles Joint Unified School District 6-8 Public
Atascadero Unified School District 4-8 Public
Paso Robles Joint Unified School District 6-8 Public
1-11 Private
K-11 Private
Lucia Mar Unified School District 7-8 Public
San Luis Coastal Unified School District 7-8 Public
San Miguel Joint Union Elementary School District K-8 Public
San Luis Coastal Unified School District 6-8 Public
Lucia Mar Unified School District 7-8 Public
Preschool-12 Private
Diocese Of Monterey Preschool-8 Catholic
Lucia Mar Unified School District 7-8 Public
San Luis Coastal Unified School District Preschool-12 Public
Diocese Of Monterey Preschool-8 Catholic
K-10 Private
San Luis Obispo Co. Off. Of Education 6-12 Public
1-8 Private
Coast Unified School District 6-8 Public
Shandon Joint Unified School District Preschool-8 Public
1-11 Private
Diocese Of Monterey Preschool-8 Catholic
1-8 Private
Templeton Unified School District K-8 Public
Templeton Unified School District 6-8 Public
Preschool-8 Private
K-10 Private
Atascadero Unified School District K-12 Public
School District Grades Type
K-12 Private
Lucia Mar Unified School District 9-12 Public
Atascadero Unified School District 9-12 Public
K-12 Private
Lucia Mar Unified School District 9-11 Public
Coast Unified School District 9-12 Public
K-12 Private
1-12 Private
Atascadero Unified School District 10-12 Public
Templeton Unified School District 10-12 Public
San Luis Obispo Co. Off. Of Education 10-12 Public
1-11 Private
K-11 Private
Paso Robles Joint Unified School District 9-12 Public
Coast Unified School District 10-12 Public
Paso Robles Joint Unified School District 10-12 Public
Lucia Mar Unified School District 10-12 Public
Diocese Of Monterey 9-12 Catholic
San Luis Coastal Unified School District 9-12 Public
Lucia Mar Unified School District 9-12 Public
Preschool-12 Private
San Luis Coastal Unified School District 10-12 Public
Paso Robles Joint Unified School District 9-12 Public
Paso Robles Joint Unified School District 9-12 Public
San Luis Coastal Unified School District Preschool-12 Public
San Luis Obispo Co. Off. Of Education 6-12 Public
San Luis Coastal Unified School District 9-12 Public
Shandon Joint Unified School District 9-12 Public
Shandon Joint Unified School District 9-12 Public
1-11 Private
Templeton Unified School District 9-12 Public
Templeton Unified School District 9-12 Public
Atascadero Unified School District K-12 Public
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Recent Sales Near Property
Address Beds Baths Price
1 345 Cerro Romauldo, San Luis Obispo, Ca 93405 3 1 $550,000
2 345 Cerro Romauldo, San Luis Obispo, Ca 93405 3 1 $550,000
3 259 Foothill, San Luis Obispo, Ca 93405 4 2 $680,000
4 310 Cerro Romauldo, San Luis Obispo, Ca 93405 $720,000
5 284 Cerro Romauldo, San Luis Obispo, Ca 93405 2 1 $638,500
6 251 Jeffrey, San Luis Obispo, Ca 93405 4 3 $750,000
7 225 La Canada, San Luis Obispo, Ca 93405 3 2 $695,500
8 254 La Canada, San Luis Obispo, Ca 93405 $700,000
9 254 La Canada, San Luis Obispo, Ca 93405 $700,000
10 284 Foothill, San Luis Obispo, Ca 93405 3 1 $136,000
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Receive a Free Community Profile
Quick Glance
Population 37,043
Population Growth 13%
Population Density 422
Median Age 24.9
Median Income $40,898
Households 9,273
Weather
Jan Low 38.39
Jan High 57.2
July Low 56.56
July High 81.58
Annual Precipitation (in.) 27.6
Weather Risk Index* 0
*Index score (100 = National Average) that represents the total risk
San Luis Obispo Demographics
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San Luis Obispo Housing Statistics
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Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.

Data Provided by California Regional Multiple Listing Service

The information being provided by CARETS® is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to property referenced on this web site comes from the Internet Data Exchange (IDX) program of the CARETS® MLS.

This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

The data contained herein is copyrighted by CARETS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

CRMLS, Inc., data content displayed on this site is deemed reliable but is not guaranteed accurate by the MLS.

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