Listed By:
Monica King with BHGRE HAVEN PROPERTIES; 805-550-0603
Address
9110 Montecito Avenue, Atascadero, CA
Price
$ 2,675,000
Property Attributes
  • MLS#SC24092958
  • TypeMulti-Family
  • CountySAN LUIS OBISPO
  • CityAtascadero
  • AreaAtascadero
  • NeighborhoodATSoutheast
  • Zip93422
  • StyleApartment
  • Price$ 2,675,000
  • Bedrooms19
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage7430
  • Lot Size0.464 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Rare opportunity to own a well maintained 10 unit apartment complex in a convenient Atascadero location! Nine 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit with on site laundry for tenant convenience and additional owner income. Large lot with 21 parking spaces and spacious front and backyard community space. Complex is professionally managed and has been well maintained with newer water heaters, heaters and AC systems. Check with City on the potential for additional units! Please do not disturb tenants. All information has been deemed reliable, but not verified.

Price History
5/10/2024 Listed $2,675,000

General Features

Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances ElectricRange,Disposal,Refrigerator
Zoning MF20
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1977
Tenant Pays CableTV,Electricity
Stories 2
Levels Two
Property SubType Apartment
Gross Income 165702.0
Community Features Biking
County San Luis Obispo
Net Operating Income 77429.0
Operating Expense 88273.0
Insurance Expense 0.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name ATSoutheast(40)
Garage Y/N No
Other Structures Sheds
Special Listing Conditions Trust
Status Active
Directions El Camino Real to Montecito Ave west. Property will be on your right just after Key Termite.
City Atascadero
Entry Location Side
View Y/N No
Senior Community Y/N No
Open Parking Spaces 21.0
NumberOfUnitsTotal 10
MLS Area ATSC - Atascadero
Lot Size Units SquareFeet
Lot Size Square Feet 20210.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 10
Listing Terms Cash,CashtoNewLoan,Item1031Exchange
Property Attached Y/N Yes
Land Lease Y/N No
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 5217.0
Water Sewer Expense 3320.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Virtual Tour https://winterlightimagery.hd.pics/9110-Montecito-Ave/idx
Days on Market 14
Building Area Units SquareFeet
Standard Status Active
Year Built Source Appraiser
Tax Lot 38
Property Sub Type Additional Apartment
MobileHomeRemainsYN No

Interior Features

Flooring Carpet,Laminate,Tile
Fireplace Features None
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features CommonArea,LaundryRoom
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features OnSite,Paved,Private
Lot Features BackYard,Level
Water Source Public
Total Parking 21.0
Inclusions Stoves,Fridges
Lot Size Area 20210.0
Foundation Details Slab
Number of Buildings 1
Spa No
Building Area Total 7430.0
Lot Size Acres 0.464
Road Surface Type Paved
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 10
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 93422

Price
AVG $1.55M
$2.68M
Visits
AVG 216
119
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1977

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