1244 Santa Ynez Avenue
- – beds
- – baths
- – sqft
- ~2 acre lot
- 1970 build
- – on site
Incredible Garden-Style Apartment Ownership opportunity with appealing income! 6% Cap Rate. 23 Units sprawled out on 2 acres. In demand rentals! Fully occupied. A collection of 11 Duplex Buildings with Unit Mix is (10) 1BDR and (12) 2BDR/1BTH. Additionally, 1 freestanding 2 BDR home and 6 Storage Units! Yard space for tenants and great location add to the appeal. Rarely do large apartment complexes become available on the Central Coast! The extremely desirable Coastal Community of Los Osos has a building moratorium in place now for 1...2...yes 3 decades now with no new housing and very limited apartment complexes built the area. Existing rents are at market rate. Cosmetic Building improvements may increase rents considerably. Current Gross Income generating over $400,000 Annual! New Roofs and Paint completed approx. 3YRs ago. Excellent long term investment opportunity in a not so sleepy Coastal town! Schedule a Private Showing
Last checked: about 1 hour ago • Last updated Aug 10, 2020 • Source: CRMLS_CA
MLS# SC20154435 — Report a problem
Amenities & Taxes
The Building
- Year Built:
- 1970
- Year Built Source:
- Estimated
- New Construction:
- No
- Common Walls:
- 1 Common Wall
- Total Number Of Units:
- 23
Interior
- Laundry:
- Common Area
- Fireplace:
- No
- Fireplace:
- None
- Levels:
- One
Location
- Directions:
- Mountain View to Santa Ynez
- Latitude:
- 35.31553900
- Longitude:
- -120.82643700
The Property
- Zoning:
- RMF
- Lot Size Area:
- 89273.0000
- Lot Size Acres:
- 2.0494
- Lot Size Square Feet:
- 89273.00
- Lot Features:
- 16-20 Units/Acre, Lot Over 40000 Sqft
- Additional Parcels:
- No
Taxes
- Tax Lot:
- B
The Listing
- Parcel Number:
- 074223003
Heating & Cooling
- Heating:
- Baseboard, Wall Furnace
Utilities
- Sewer:
- Public Sewer
- Water Source:
- Public
The Community
- Subdivision:
- Town of El Moro(680)
- Assessments:
- Sewer Assessments
- Senior Community:
- No
- Features:
- Biking, Preserve/Public Land
- Pool:
- None
- Private Pool:
- No
Parking
- Parking:
- Yes
- Parking:
- Asphalt
- Parking Spaces:
- 6.00
- Garage Spaces
- 6.00
!
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Your commute
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
| Sold Subject To Contingencies | CRMLS_CA | $4,500,000 | ||
| Listed / Active | CRMLS_CA | $4,500,000 |
Schools
| 8 |
Los Osos Middle School Public 6-8 |
||
| N/A |
San Luis Obispo County Community Public 6-12 |
||
| N/A |
San Luis County Special Education Public K-12 |
||
| N/A |
San Luis Obispo County Juvenile Court Public 6-12 |
||
| N/A |
The Laureate School Private K-7 |
| N/A |
The Laureate School Private K-7 |
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.
The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org
This multifamily located in Los Osos, CA 93402 is currently for sale for $4,500,000. 1244 Santa Ynez Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 9 days. This multifamily is in the attendance area of Los Osos Middle School, Baywood Elementary School, and Morro Bay High School.
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