1127 Fernwood Drive Active

San Luis Obispo,CA 93401

$ 1399999

5 Beds

4 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC25040641

Bedrooms 5

HOA Y/N No

Lot Size 8,040 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Large lot with lots of house located close to the Bike path and Sinsheimer. New permitted ADU has recently been converted from existing garage. Existing home features a traditional 3 bedroom 2 bath floor plan plus a private guest area that has recently been updated with its own bedroom (4th bedroom), kitchenette, additional laundry, and bath. Home is clean with recent paint and flooring installed. Property is currently under lease. ADU rents for ($2300/MO UNTIL 7/1/2024 THEN)$2400/mo through July 2026; Main house rents for $5950/mo until July 1, 2025 for a total of $8,350/mo or $100,200 per year. Some improvements within guest area completed without permit. Seller has never lived on premises- Buyer to verify condition of property and complete their own inspections. Property also has plenty of potential for expansion with ample area in back yard for further uses.... Check with city to verify potential for additional SB9 units. Please do not disturb tenants by approaching home without an appointment. Owner is listing agent. This Property is perfect for someone looking for a solid income earner. It is also a good fit for home buyers looking to suppliment their income with the ADU and guest area.
Large lot with lots of house located close to the Bike path and Sinsheimer. New permitted ADU has recently been converted from existing garage. Existing home features a traditional 3 bedroom 2 bath floor plan plus a private guest area that has recently been updated with its own bedroom (4th bedroom), kitchenette, additional laundry, and bath. Home is clean with recent paint and flooring installed. Property is currently under lease. ADU rents for ($2300/MO UNTIL 7/1/2024 THEN)$2400/mo through July 2026; Main house rents for $5950/mo until July 1, 2025 for a total of $8,350/mo or $100,200 per year. Some improvements within guest area completed without permit. Seller has never lived on premises- Buyer to verify condition of property and complete their own inspections. Property also has plenty of potential for expansion with ample area in back yard for further uses.... Check with city to verify potential for additional SB9 units. Please do not disturb tenants by approaching home without an appointment. Owner is listing agent. This Property is perfect for someone looking for a solid income earner. It is also a good fit for home buyers looking to suppliment their income with the ADU and guest area.

Location

State CA

County San Luis Obispo

Area San Luis Obispo (93401)

Zoning Assessor

Interior

Appliance Forced Air Unit

Building

Lot Description Sidewalks

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash,Exchange

Space Rent $5,950

Listing Terms Cash,Exchange

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