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3249 Broad StreetSan Luis Obispo, CA 93401Price: $2,420,000

  • Price: $2,420,000
  • 212 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* 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.
  • $2,420,000List Price
  • 0.85Acreage
Unique opportunity to acquire a 38-unit multifamily project with 5 units allowed for short-term / hotel use. Located in the burgeoning Broad Street corridor, the project has approved building permits that are ready to pull. This allows the buyer to expedite over 3+ years of city planning and start the project immediately after close of escrow. Market value rent growth in San Luis Obispo continues to climb due to a shortage of housing options. Smaller, single occupancy units are especially in high demand and regularly see many applicants when one hits the market. Reap the benefit of the highest per square foot rents in these studios and one bedrooms. Full plan set and proforma profit and loss available upon request.
Listed by Levi Seligman of Acquire Mortgage & Real Estate (760-402-0555)

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Based on information submitted to CRMLS as of February 23, 2024 6:58 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.

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Property Details

Property Details of 3249 Broad Street

Property Details

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