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Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI21217287
Sold Date 12/27/21
HOA Y/N No
Year Built 1946
Lot Size 0.460 Acres
Property Description
*This property is currently not priced. The $1,699,000 would be the minimum offering price* First time ever on the market, 5435-5465 is a major value add opportunity. 16-unit total multifamily/mixed-use complex with opportunity for stabilized rent growth in a rapidly increasingly up-and-coming area. The property offers 5459 +/- square feet of space on slightly under a 1/2 acre lot with ample parking for tenants and customers. This 100% occupied desirable mix of 11 studios, 1 three bedroom two bathroom unit, and 4 commercial units is a great investment due to all tenants being month-to-month. Don't miss out on this property that is located within minutes of downtown Atascadero's best restaurants and entertainment options.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Zoning CR
Interior
Heating Electric, Forced Air
Fireplace No
Laundry None
Exterior
Utilities Available Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Composition,Shingle,Spanish Tile
Total Parking Spaces 15
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 029312027
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Ben Tilbury • Keller Williams Realty Central Coast
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