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690 Brizzolara St 20 Unit Apartment Building $6,500,000 ($325,000/Unit) 3.37% Cap Rate San Luis Obispo, CA 93401
INVESTMENT HIGHLIGHTS
- Downtown 20-unit apartment complex
- Significant potential rent increases
- Turnkey investment opportunity
- Full Occupancy
EXECUTIVE SUMMARY
This downtown 20-unit apartment complex is a turnkey
investment opportunity, meticulously maintained and
consistently fully occupied. Its prime downtown location
offers easy access to Cal Poly San Luis Obispo via a
convenient bike ride and is well-served by bus routes to
Cuesta Community College. This property is in high demand,
allowing for significant potential rent increases. Comparable
properties with higher rents also enjoy full occupancy. With
ample parking and exceptional building quality, it represents
an excellent investment opportunity.
investment opportunity, meticulously maintained and
consistently fully occupied. Its prime downtown location
offers easy access to Cal Poly San Luis Obispo via a
convenient bike ride and is well-served by bus routes to
Cuesta Community College. This property is in high demand,
allowing for significant potential rent increases. Comparable
properties with higher rents also enjoy full occupancy. With
ample parking and exceptional building quality, it represents
an excellent investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.67 AC |
| Cap Rate | 3.37% | Building Size | 15,000 SF |
| Gross Rent Multiplier | 17.1 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Zoning | R3 | ||
| Price | $6,500,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 3.37% |
| Gross Rent Multiplier | 17.1 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,750 | 750 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 002-304-028 | Improvements Assessment | $1,373,000 |
| Land Assessment | $1,254,519 | Total Assessment | $2,627,519 |
PROPERTY TAXES
Parcel Number
002-304-028
Land Assessment
$1,254,519
Improvements Assessment
$1,373,000
Total Assessment
$2,627,519
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690 Brizzolara St
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