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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

Price $3,900,000
Price Per Unit $433,333
Sale Type Investment
Cap Rate 3.44%
Gross Rent Multiplier 4.33
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.48 AC
Building Size 5,888 SF
Average Occupancy 100%
No. Stories 2
Year Built 1895
Zoning R2 - R2, Historic

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
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

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
  • Listing ID: 39549027

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 687 Islay St, San Luis Obispo, CA 93401

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