1130-1132 Olive Street

San Luis Obispo, CA 93405

$1,459,000
Price
8
Beds
5
Baths
2,701 Sq. Ft.
$540 / Sq. Ft.
2,701
Sq. Ft.
$540
per Sq. Ft.

Description

One of the newest investment opportunities with an excellent rate of return! For sale near Cal Poly and consisting of two very well maintained, updated and permitted single family homes totaling 2700sf of living space. Very strong rental history with a waitlist for residency, as this is the home of the local Cal Poly surf team. The front home consists of 3-bedrooms/2 bathrooms with a recent exterior paintjob, fully rented for over $2,300 per month. The rear home is a LARGE 5-bedroom/3-bathroom home...

Property Details for 1130-1132 Olive Street

Parking Spaces Total
5
Private Pool
No

Property Details for 1130-1132 Olive Street

StatusActive
MLS #SP20210325
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2003
Lot Size0.17 AC / 7,500 SF
CountySan Luis Obispo County

Listing Agent

Ryan Benson

Peak Properties

ryanbensonrealtor@gmail.com

P: 805.592.2226

M: 805.550.1980

DRE #01949307

Contact Agent(s)

Location

Listing Courtesy of Peak Properties, Ryan Benson, DRE #01949307

Building Information for 1130-1132 Olive Street

Stories2Residences-Year Built2003Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$4,890 per month

30 year fixed, 2.95% Interest

Principal and Interest

$4,890

Property Taxes

HOA Dues

$0

Property Information for 1130-1132 Olive Street

Property Features
    Interior Features
  • Common Walls: No Common Walls
  • Interior Features: Storage
  • Laundry: Yes
  • Laundry Features: Inside
  • Levels: Two
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 2.0
  • Room Type: Family Room, Jack & Jill, Kitchen, Laundry, Living Room
    Exterior Features
  • Other Structures: Shed(s), Storage
  • Pool Features: None
    Parking Info
  • Carport Spaces: 0
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Garage
  • Uncovered Spaces: 4
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • Accessibility Features: 2+ Access Exits, Parking, Ramp - Main Level
  • Entry Level: 1
  • New Construction: No
  • Property Attached YN: false
  • Parcel Number: 001114014
  • Property Condition: Additions/Alterations, Turnkey
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 2003
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 2701
  • Building Area Units: Square Feet
  • Living Area: 2701
Community/Development / Location Info
    School/Location Info
  • Zip Code: 93405
  • Street Number Numeric: 1130.0
  • Street Name: Olive St
  • Country: US
  • County Or Parish: San Luis Obispo
  • Directions: 1130 Olive St, San Luis Obsipo
  • MLS Area Major: San Luis Obispo (SLO)
    Association Information
  • Association: No
  • Community Features: Curbs, Dog Park, Foothills, Park, Sidewalks
  • Association Fee: $.00
  • Subdivision Name: San Luis Obispo(380)
  • Subdivision Name Other: San Luis Obispo(380)
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Current Financing: Conventional
  • Zoning: CT
    Income Details
  • Cap Rate: 5.0
  • Gross Income: $6,924
  • Gross Scheduled Income: $83,084
  • Net Operating Income: $71,712
    Expense Details
  • Insurance Expense: $1,500
  • New Taxes Expense: $0
  • Operating Expense: $11,372
  • Total Expenses: $12,854
  • Trash Expense: $100
  • Utilities: Electricity Available, Sewer Connected, Water Connected
  • Gardener Expense: $480
Unit Information
    Unit 1
  • Unit Type Actual Rent: $2,308
  • Unit Type Garage Spaces: 0
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2400
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $2,308
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $4,616
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 4750
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $4,616
  • Unit Type Type: 2
    Multi-Unit Info
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: No
  • Tenant Pays: All Utilities
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: .17
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7500
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 1130-1132 Olive St

DateEvent & SourcePriceAppreciation
Jan 4, 2021

Price Change

CLAW #SP20210325MR

$1,459,000
Jan 4, 2021

Price Change

CLAW #SP20210325MR

$1,479,000
Jan 4, 2021

Price Change

CRMLS #SP20210325

$1,459,000
DateEvent & SourcePrice
01/04/2021

Price Change

CLAW #SP20210325MR

$1,459,000
01/04/2021

Price Change

CLAW #SP20210325MR

$1,479,000
01/04/2021

Price Change

CRMLS #SP20210325

$1,459,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1130-1132 Olive Street


SchoolTypeGradesDistanceRating
Old Mission SchoolPrivateK-80.5 mi
NR
Mission College Preparatory Catholic High SchoolPrivate9-120.5 mi
NR
Teach Elementary SchoolPublic4-60.7 mi
9
San Luis Obispo Christian SchoolPrivatePK-60.8 mi
NR

Old Mission School

K-8, 0.5 mi, Private

NR

Mission College Preparatory Catholic High School

9-12, 0.5 mi, Private

NR

Teach Elementary School

4-6, 0.7 mi, Public

9

San Luis Obispo Christian School

PK-6, 0.8 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1130-1132 Olive Street is a multi-family home for sale in San Luis Obispo, CA 93405. This property was listed for sale on October 6, 2020 by Peak Properties at $1,459,000. It has been on the market for a total of 108 days and was last sold on February 21, 2018. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Central Coast International School, San Luis Obispo High School and Bishop's Peak Elementary School. 1130-1132 Olive Street is a 8-bed, 5-bath, 2,701 sqft multi-family home built in 2003. This address can also be written as 1130-1132 Olive St.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Peak Properties, Ryan Benson, DRE #01949307

Based on information from the Santa Barbara MLS as of 10/06/2020 12:00 AM, display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and may or may not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 01/06/2021 07:15 AM