1727 Morro Street
San Luis Obispo, CA 93401

$1,250,000 (Active Under Contract)

Beds: 6
Baths: 3
Sq. Ft.: 2,805
Listing #SC17104189
A great opportunity to own a classic multi-family property located three blocks from downtown San Luis Obispo. All-encompassing Spanish style; tile roof, old growth landscaping, and koi pond with waterfall. A most ideal living experience, with no through traffic in the Historic Railroad Square neighborhood adjacent to the popular bike path. The three units encompass a 2 bedroom, 1 bathroom upper unit, a 3 bedroom 1 bathroom legal, non-conforming living quarters, which together can be converted back to a single residence. Separated by the drive space is a 1 bedroom, 1 bathroom home adjoined with a non-conforming walk-out basement and bathroom. The entire property generates $5,850 a month, which is below market, and the nearly 7,000 square foot R3 lot allows room for development. Enjoy living here while offsetting your expenses, or acquiring a fully leased investment property within this coveted part of town.
Property Features
Location Information
County: San Luis Obispo
MLS Area: San Luis Obispo
Community: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
Subdivision: San Luis Obispo (380)
Directions: Between Leff and Church on Morro
Interior Features
Common Walls: 1 Common Wall
Windows/Doors Description: Doors: French Doors, Windows:
Rooms: Basement, Kitchen, Laundry, Living Room
Full Baths: 3
Spa: None
Has Fireplace: No
Fireplace Description: None
Heating: Wall Heater, Natural Gas
Cooling: None
Floors: Tile, Wood
Laundry: Community, Gas & Electric Dryer Hookup, Washer Hookup
Appliances: Gas Range
Has Basement: yes
Exterior Features
Style: Spanish
Stories: Two
Construction: Stucco
Exterior: Koi Pond
Foundation: Slab
Roof: Clay, Tile
Water Source: Public
Utilities: Phone Connected, Sewer Connected, Water Connected
Parking Description: Street
Has Garage: No
Garage Spaces: 0
Parking Spaces: 0
Fencing: Average Condition
Patio / Deck Description: Deck, Patio, Porch - Front
Pool Description: None
Other Structures: Shed(s)
Lot Description: 6-10 Units/Acre, Level with Street, Paved, Yard
Lot Size in Acres: 0.157
Lot Size in Sq. Ft.: 6, 850
Zoning: R3
Has View: yes
View Description: Pond
School District: San Luis Coastal Unified
Additional Information
Property Type: SFR
Property SubType: Triplex
Year Built: 1936
APN: 003638015
Status: Active Under Contract
Is Aged Restricted: No
HOA Fee: 0
Lot Square Feet Source: Assessor

$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Interest Rate
Down Payment
List Price:
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Frankie Ciano - Ciano Real Estate Inc.
©2018 California Regional Multiple Listing Service, Inc. All Rights Reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate. Sale information is for personal and informational purposes only and is not an indication of a market analysis or an appraisal. Source MLSs include California Regional Multiple Listing Service, Inc. (CRMLS).
Central-North CRMLS data last updated at January 17, 2018 4:47 PM PT

Comments are closed.