Central Coast | Sotheby's International Realty Logo

6180 Ontario RoadSan Luis Obispo, CA 93405Price: $3,995,000

  • Price: $3,995,000
  • Est. Mortgage of $/month
  • 61 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,995,000List Price
  • 4Acreage
20 units in San Luis Obispo County, consisting of a 4 bedroom house, 6 apartments, and 13 Mobile Home Spaces on a little less than 5 acres. Property is located between Avila Beach and San Luis Obispo. The property has been approved for replacement of the gas and electric lines scheduled to be replaced in 2nd half of 2023. Cost to the owner will be less than $20,000 due to the CPUC Program. The roads are in bad shape but makes no sense to replace now since they will be digging new lines underground. 3 of the mobile home spaces are subject to rent control and the apartments and house are subject to the State Rent Control. The property is currently on a lease but the price includes the land and will be delivered fee simple. The seller removed three old homes and is currently renting those spaces to trailers. After the replacement of the lines those trailers can be replaced with brand new homes allowing for a substantial profit. In addition an ADU can be put on the property further increasing cash flow. Obviously there is rarely a time when a unit is empty for more than a week.
Listed by David Rogers of David Rogers,Broker

Listing Tools

Based on information submitted to CRMLS as of February 2, 2023 12:57 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field:

water crashing on ocean rocks at sunset

Property Details

Property Details of 6180 Ontario Road

Property Details

water crashing on ocean rocks at sunset

Map Location

Driving Directions