1771 Johnson Avenue

San Luis Obispo, CA 93401

$4,500,000
Price
10
Beds
16
Baths
13,065 Sq. Ft.
$344 / Sq. Ft.
13,065
Sq. Ft.
$344
per Sq. Ft.

Description

One of a kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and...One of a kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.
  1. Listed by Elizabeth Lee • DRE #02081077 • Brokerage DRE #01953757 • Triad Real Estate Group • 805-459-1787

Property Details for 1771 Johnson Avenue

Architectural Style
Cottage
View
City Lights, Hills, Mountain(s), Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
9.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 12/02/2024 03:59 AM

Property Details for 1771 Johnson Avenue

StatusActive
MLS #SC24231583
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2010
Lot Size0.30 AC / 13,065 SF
CountySan Luis Obispo County

Building Information for 1771 Johnson Avenue

Stories3Residences-Year Built2010Building Size-Lot Size0.30 AC / 13,065 SF

Property Information for 1771 Johnson Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $210,180
  • Gross Scheduled Income: $0
  • Net Operating Income: $184,791
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Current Financing: None
Expense Details
  • Operating Expense: $25,389
  • Gardener Expense: $1,322
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $6,739
  • Maintenance Expense: $4,000
  • Professional Management Expense: $12,610
  • Workmans Compensation Expense: $0
  • Trash Expense: $517
  • Water Sewer Expense: $2,200
  • Supplies Expense: $200
  • Total Expenses: $25,389
Tax / Assessment Info
  • Tax Block: 3
  • Tax Census Tract: 110.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 22
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs, Foothills, Hiking, Park, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Equipment: Dishwasher, Electric Dryer Hookup, Freezer, Garage, Hookup - Electric, Microwave, Refrigerator, Washer Hookup
  • Interior Features: 2 Staircases, Stone Counters
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Up
  • Water Heater Features: Electric, Tankless
  • Water Heater Type: Electric, Tankless
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, In Garage, Washer Hookup
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Electric, Forced Air
  • Heat Source: Electric
  • Heating: Electric, Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Bamboo, Carpet, Concrete, Vinyl
  • Virtual Tour URL Branded: https://properties.aspectvisuals.co/1775johnsonave
Exterior Features
  • Door Features: Mirror Closet Door(s)
  • Window Features: Blinds, Double Pane Windows, Screens, Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Construction Materials: Drywall Walls, Fiberglass Siding, Wood Siding
  • Exterior Construction: Wood Siding
  • Exterior: Wood
  • Roof: Metal
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wood
  • Fencing: Fair Condition, Wood
  • Foundation Details: Raised, Slab
  • Property Condition: Turnkey
  • View Description: City Lights, Hills
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Back Yard, Sprinklers Drip System
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Garage, Off Street, On Site
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,747
  • Unit Type Total Rent: $1,747
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,550
  • Unit Type Total Rent: $2,550
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,234
  • Unit Type Total Rent: $2,234
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,184
  • Unit Type Total Rent: $2,184
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 9
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number With Dishwasher: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Number With Carpet: 9
  • Number With Disposal: 9
  • Number With Drapes: 9
  • Number With Patio: 9
  • Number Wall AC: 0

Property History for 1771 Johnson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1771 Johnson Avenue

Taxable ValueLand$1,171,774Additions$2,493,786Total$3,665,560
Tax Record2024$40,510 ($3,376 / month)
Home Facts
Total Finished SqFt1,903 SqFtAbove Grade Finished SqFt1,903 SqFtStories2Lot Size13,797 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningR3CountySAN LUIS OBISPOAPN003-563-025

Schools near 1771 Johnson Avenue

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Bishop's Peak Elementary School
Public - K to 6
Laguna Middle School
Public - 7 to 8
San Luis Obispo High School
Public - 9 to 12
Peep - De'Groot - Prepare School
Public - K to 12
Rating
School
Distance
Bishop's Peak Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Peep - De'Groot - Prepare School
PublicK to 12

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.

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More information about 1771 Johnson Avenue, San Luis Obispo, CA 93401

1771 Johnson Avenue is a multi-family home for sale in San Luis Obispo, CA 93401. This property was listed for sale on November 7, 2024 by Triad Real Estate Group, it's currently listed at $4,500,000. It has been on the market for a total of 32 days and was last sold on May 9, 2007. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Bishop's Peak Elementary School, Laguna Middle School and San Luis Obispo High School. 1771 Johnson Avenue is a 10-bed, 16-bath, 13,065 sqft multi-family home built in 2010.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triad Real Estate Group, Elizabeth Lee, DRE #02081077

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.