1417 Carmel Street

San Luis Obispo, CA 93401

PRICE REDUCED

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-$100,000 (-9.09%)

$1,000,000

List Price

2

bed Beds

2

shower Baths

1,144 sqft

straighten / sqft

1950

calendar_month Built

Property Description

Rare chance to purchase an income property at 1417 Pismo Street, conveniently located in downtown San Luis Obispo! Each unit has a full kitchen, 1 bedroom and full bathroom. Unit B, offering 494 sq ft of living space with laminate flooring, is currently leased month to month. It includes a range and fridge in the kitchen, and an indoor laundry closet with washer and dryer. Unit A, larger at 650 sq ft, with brand new carpeting and water heater, is ready for your thoughtful upgrades in order to maximize rent income and increase equity. This property also offers a great opportunity to live in one unit while earning passive income from the other. Situated on a 3200 sq ft lot zoned R-3, there is additional potential for creative investors; check with the City of SLO for possibilities.

Listing Information

List Price $1,000,000
Status Active
MLS SC24126796
HOA $0
Type Residential
Subtype Duplex
Year Built 1950
Lot Size 3,200
Structure Size 1,144
DOM 58
Courtesy Of Link Real Estate Group, Inc.
Listing Agent Layne Smith DRE#01933538
Co-Listing Agent Steve Davis DRE#01843738

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 2
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Layne Smith, Steve Davis, Link Real Estate Group, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 22nd, 2024 at 6:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.