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687 Islay St 9 Unit Apartment Building $3,900,000 ($433,333/Unit) 3.44% Cap Rate San Luis Obispo, CA 93401



Investment Highlights
- Location near downtown, large lot size, additional development possible
- 7 garages with concrete floors currently used as storage for Owner, one is for tenants bikes
- nice units, lots of light
Executive Summary
Tenants all month to month, most are long standing tenants.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Ceiling Fans
- Refrigerator
- Range
- Walk-In Closets
- Carpet
- Family Room
- Loft Layout
- Smoke Free
- Window Coverings
Site Amenities
- Laundry Facilities
- Gas Range
- Trash Pickup - Curbside
- Vintage Building
- Multi Use Room
- Zen Garden
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 670 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 003-631-006 | Total Assessment | $261,337 |
| Land Assessment | $123,591 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $137,746 | Tax Year | 2025 |
Property Taxes
Parcel Number
003-631-006
Land Assessment
$123,591
Improvements Assessment
$137,746
Total Assessment
$261,337
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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687 Islay St
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