This Multifamily Property is no longer advertised on LoopNet.com.

546-550 Higuera St
San Luis Obispo, CA 93401
Downtown Terrace · Multifamily Property For Sale · 34,500 SF

Investment Highlights

  • Brand New Construction
  • Redevelopment of an older mobile home park resulting in lower property tax assessment
  • Assumable Loan from Freddie Mac ($12,4million at 3.16%, 30 year amortization due in 2030)
  • Unique Mobile home park sale includes land and the residences
  • Located in the heart of Downtown San Luis Obispo offering numerous amenities within walking distance
  • Controlled Access for Tenants and their guests

Property Facts

No. Units 60
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class C
Lot Size 1.21 AC
Building Size 34,500 SF
Average Occupancy 100%
No. Stories 2
Year Built 2020
Zoning CR - The development of Downtown Terrace was under the jurisdiction of the California Department of Housing and Community Development not the city of SLO.

Amenities

Unit Amenities

  • Dishwasher
  • Washer/Dryer
  • Heating
  • Kitchen

Site Amenities

  • Fenced Lot
  • Gated
  • Grill
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 - -
1+1 12 - -
2+1 36 - -

Property Taxes

Property Taxes

Parcel Number
002-402-029
Land Assessment
$579,446
Improvements Assessment
$117,798
Total Assessment
$697,244
  • Listing ID: 21881363

  • Date on Market: 1/2/2021

  • Last Updated:

  • Address: 546-550 Higuera St, San Luis Obispo, CA 93401

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