1127 Fernwood DR Active Save Request In-Person Tour Request Virtual Tour
San Luis Obispo,CA 93401
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,580 sqft
Price per Sqft $542
Subdivision San Luis Obispo(380)
MLS Listing ID SC25052585
Bedrooms 5
Full Baths 3
Three Quarter Bath 1
Year Built 1961
Lot Size 8,041 Sqft
Property Sub-Type Single Family Residence
Property Description
Large lot with lots of house located close to the Bike path and Sinsheimer. New permitted ADU has recently been converted from existing garage. Existing home features a traditional 3 bedroom 2 bath floor plan plus a private guest area that has recently been updated with its own bedroom (4th bedroom), kitchenette, additional laundry, and bath. Home is clean with recent paint and flooring installed. Property is currently under lease. ADU rents for ($2300/MO UNTIL 7/1/2024 THEN)$2400/mo through July 2026; Main house rents for $5950/mo until July 1, 2025 for a total of $8,350/mo or $100,200 per year. Some improvements within guest area completed without permit. Seller has never lived on premises- Buyer to verify condition of property and complete their own inspections. Property also has plenty of potential for expansion with ample area in back yard for further uses.... Check with city to verify potential for additional SB9 units.
Please do not disturb tenants by approaching home without an appointment. Owner is listing agent.
This Property is perfect for someone looking for a solid income earner. It is also a good fit for home buyers looking to suppliment their income with the ADU and guest area.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning R1
Interior
Heating Forced Air
Cooling Ductless
Flooring Vinyl
Fireplaces Type Wood Burning
Inclusions all appliances included in leases. Incluiding 2 stackable W/D, W/D in ADU belongs to tenants.
Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Laundry Closet,In Kitchen,Stacked
Exterior
Parking Features Attached Carport,Driveway
Pool None
Community Features Storm Drain(s),Sidewalks
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
View Y/N Yes
View Neighborhood
Building
Lot Description Front Yard
Dwelling Type House
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District San Luis Coastal Unified
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard