550 Higuera Street Unit #25, San Luis Obispo, CA 93401

$425,000
2
BD
2
BA
1,000
SqFt
List Price
$425,000
Status
ACTIVE
MLS#
SP19191539
Year Built
2018
Bedrooms
2
Bathrooms
2
Living Sq. Ft
1,000
Lot Location
0-1 Unit/Acre
Days on Market
17
Property Type
Single Family Residential
Property Sub Type
Own Your Own
Stories
Two Level
Neighborhood
San Luis Obispo(380)

Property Description

These are 30, duplex-like pre-manufactured homes in the heart of Downtown San Luis Obispo, Ca. There are two models - 1000 sq ft, 1 bedroom below, and studio above. Each with a private entrance. There is also a 1300 sq ft model, with 2 bedrooms below, and 2 bedrooms above. Price per room in San Luis Obispo averages between $800-1000. Studios are generally between $1300-1600. This project is excellent for an investment or even for a get-away location with income potential attached. All units are available to purchase. Parking- There is no over night parking on the property. 10 hour meters are on the street, and plans for a large complex is underway on the next block. Contact the City of San Luis for a timeline. Space rent -on each modular home is $650 per month. This offsets the taxes on the land the home sits upon and the complex upkeep on the sewer system below the park. Property tax- Each modular home is taxed based on replacement value. So rather than having a $5,000 per year tax as seen in a residential sale, each unit is approx $1,200-$1,400 per year. This is a private, gated community downtown with no cars to wake you up every morning. This is perfect for a caregiving situation, a family with a young adult getting ready to go out on their own, or workmates. Prices range from $425,000 - $550,000. The larger unit has a 4th room considered an office...or? It’s just a must-see to understand the potential.

Additional Information

Land Lease
Yes
HOA
650
Association Amenities
Maintenance Grounds, Call for Rules, Management, Controlled Access
Lot Description
Biking, Curbs, Foothills, Sidewalks, Urban
Pool Description
None
Fireplace Description
None
Cooling Description
None
View
City Lights, Mountain(s)
Sewer
Public Sewer
Water
Public
School District
San Luis Coastal Unified
Number of Units
30
Attached Structure
Detached
Total Number of Units
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Ginger Woods from Paramount Properties

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. 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, Broker/Agent has not and will 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.