631647JOHNSONAVE - images1.loopnet.com · 3 PROPERTY PHOTOS Richardson Properties 735 TANK FARM,...

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Richardson Properties 735 TANK FARM, STE 130 SAN LUIS OBISPO, CA 93401

Susie Brans Broker Associate 805.550.8833 Mobile [email protected] WWW.SUSIEBRANS.COM LIC#01710596

631-647 Johnson Ave

San Luis Obispo

ASKING PRICE

$2,600,000

UNITS: 7 NO. OF BUILDINGS: 3 APARTMENT MIX: 1 Four Bedroom 3 Two Bedrooms 3 Studios

ADDRESS: 631-647 Johnson Ave San Luis Obispo, CA 93401 LOCATION: Located close to downtown San Luis Obispo and Cal Poly and blocks to shops and restaurants SUMMARY: These 7 units are located on a quiet street and are a draw to local renters. 3 units have been completed renovated with exquisite fixtures and finishes. Dedicated laundry in each unit along with on-site parking.

HTTP://PROPERTIES.LALUSH.COM/631647JOHNSONAVE

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7 Units in an excellent location of San Luis Obispo. Three

units have been completed renovated with exquisite

finishes, fixtures and well appointed kitchens with stainless

steel appliances. Easy draw to get long term tenants in this

location. A good returning, easy to own investment

property!

PROPERTY HIGHLIGHTS

• Excellent location for quick access to Cal Poly or

Downtown

• Dedicated Laundry in each unit

• Off street parking

• Quiet Complex

PROPERTY SUMMARY

• Asking Price: $2,600,000

• Year Built: 1994

• Lot Size: 13,234 SF

• Total SF: 5219 SF

OVERVIEW


Susie Brans Broker Associate 805.550.8833 Mobile [email protected] LIC#01710596 WWW.SUSIEBRANS.COM

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PROPERTY PHOTOS



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AERIAL MAP



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STREET MAP




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FINANCIAL SUMMARY

PROFORMA

Current Proforma

Monthly Income $14800 $15250

Annualized Income $177600 $183000

Less Vacancy (2%) <$>3552 <$>3660

Effective Rental Income $174048 $179340

Laundry Income $0 $0

Effective Gross Income $174048 $179340

EXPENSES

Real Estate Taxes $27000 $27000

Insurance $2440 $2440

Utilities - Water $0 $0

Utilities - Sewer $0 $0

Utilities - Common Electric $0 $0

Trash Removal $2650 $2650

Repairs and Maint $4810 $5000

Landscaping $1500 $1500

Management Fee $ $

Total Expenses $38400 $38400

NET INCOME $132096 $140940



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RENT ROLL


Susie Brans Broker Associate 805.550.8833 Mobile [email protected] WWW.SUSIEBRANS.COM Lic #01710596

Unit Number Unit Type Current Rent Proforma Rent

631 Johnson A 4 Bed 4100 4100

631 Johnson B Studio 1350 1350

639 Johnson A Studio 1400 1450

639 Johnson B 2 Bed 2200 2500

639 Johnson C 2 Bed 2000 2100

647 Johnson A 2 Bed 2400 2400

647 Johnson B Studio 1350 1350

631647JOHNSONAVE - images1.loopnet.com · 3 PROPERTY PHOTOS Richardson Properties 735 TANK FARM,...

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