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Key Details
Sold Price $1,349,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,468 sqft
Price per Sqft $388
MLS Listing ID CRPI23138131
Sold Date 01/16/24
Bedrooms 8
HOA Y/N No
Year Built 1962
Lot Size 7,302 Sqft
Acres 0.17
Property Description
881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property is uniquely positioned well below the sold and active comparable sales, while generating over $9,100/month in income. A rare opportunity to acquire a building performing at a 5.5% + cap rate upon acquisition. The 4-units are all comprised of a large 2bed/1ba living areas. Approximately 870 Sq ft units. The property is zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaces with ample parking for the current tenant profile.
Location
State CA
County San Luis Obispo
Area Listing
Zoning R3
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Vinyl
Fireplace No
Laundry Gas Dryer Hookup, Other, Inside
Exterior
Exterior Feature Other
Utilities Available Sewer Connected
View Y/N true
View Other, Ocean
Total Parking Spaces 8
Building
Lot Description Level, Other, Landscape Misc
New Construction No
Others
Tax ID 060281024
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Datashare Cr Don't DeleteDefault Agent
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122