Residential Income, California | Page 1-001-11-30T00:00:00-08:00
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5285 Huasna Townsite Road

Price: $5,900,000
Units Total: 3
Lot Size: 13,068,000
Living Area: 6,810
Year Built: 2012
Parking: 6
Days on Market: 79
Description: Horse Ranch in the Huasna Valley is a 300 acre private and secluded turn-key equestrian property of the highest quality for the owner, breeder, and / or trainer that wants the very best. Equestrian facilities include: large hay barn with vehicle storage / maintenance area; state of the art 10 stall courtyard stable with office and feed / employees rooms; lighted, covered arena with custom irrigated footing; 8 paddocks; 2 run-in barns with feeders; Nelson auto waterers; non-climb fencing; 60 ft. Round pen; and a large 18 acre fenced pasture. Property also has scenic trails. The property was carefully developed to protect and preserve the natural beauty of the land. Two owner / family residences feature custom contemporary architecture with solar design, radiant floor heat, air condition and 2 car garages. Eco friendly materials and energy star appliances are used throughout. A guest / employees apartment with garage and fenced yard is attached to the hay barn. In addition there is an older 3 bedroom / 2 bath home on the property. Other features include 3 wells, 2 original windmills, abundant wildlife. The total square footage is indicated for all structures as well as bedrooms and baths. Just bring your horses! APN 085-012-064 and 065 and 066 plus 085-012-067.

Morro Bay, 210 Barlow Lane

Price: $4,500,000
Units Total: 3
Lot Size: 8,833
Living Area: 5,999
Year Built: 1962
Parking: 6
Days on Market: 44
Description: Get out of the city and unwind in idyllic Morro Bay and find a truly remarkable place where you can relax, entertain, and invest, all in the same property. Perfect for a single family, weekend home, or corporate retreat. This custom-built triplex, constructed with only the finest materials and craftsmanship, offers all things in coastal living in a quaint and picturesque seaside town. Enjoy kayaking, golfing, hiking, sport fishing, sailing, paddle boarding, surfing, and so much more! In the open and airy main residence, enter the large great room featuring soaring wood-beamed ceilings, expansive French doors opening to ocean views and breezes, with full-size dining area and fireplace. Stunning chef’s kitchen, featuring top end appliances and countertop bar, smartly designed to maximize space and convenience. Bonus living area upstairs with built-in office space, room for a professional pool or billiard table, two areas for recreation / game tables and living area with fireplace and TV. Exercise / recreation room downstairs with kitchenette. 5 BR / 3.5BA in main unit, two additional units with 2BR / 1BA each, all with private back patios and garages. All three properties host an ocean view. Walk to town or the Embarcadero. If you’re looking for more activities, explore San Luis Obispo for nightlife (13 mi away), San Simeon and Hearst Castle (30 mi away), Montana de Oro State Park (10 mi away). For the wine connoisseur, Paso Robles (north) and Edna Valley (south) wineries are nearby.

1039 Montalban Street

Price: $3,650,000
Units Total: 8
Lot Size: 11,250
Living Area: 11,250
Year Built: 1969
Parking: 15
Days on Market: 188
Description: Completely remodeled 8 unit complex near the heart of San Luis Obispo. Seven 2 bedroom, 1 bath units and 1 studio unit. New flooring, new carpet and stainless steel appliances throughout. Bathrooms have new vanities and new toilets. All units have designated parking spaces included. There are 15 total parking spaces, 4 covered, 11 uncovered.

Paso Robles, 717 Creston Road

Price: $3,500,000
Units Total: 8
Lot Size: 18,000
Living Area: 7,200
Year Built: 1986
Parking: 16
Days on Market: 610
Description: Great Opportunity. 8 units, 4 buildings, 8 2 bedroom 1.5 bath units. Professionally managed and maintained with care and concern. All units sold together. Large parking area, covered parking as well. These units have been will cared for by the existing owners. This is a rare find in Paso Robles, with this city not having many rental units. These units are close to schools, shopping and transportation. Great 1031 exchange potential.

Morro Bay, 218 Pacific

Price: $3,350,000
Units Total: 8
Lot Size: 18,750
Living Area: 4,560
Year Built: 1946
Parking: 10
Days on Market: 214
Description: Pacific Street Cottages, a 5 Star eight-unit residential complex overlooking picturesque Morro Bay harbor, Embarcadero, and Rock. An incredible sited parcel with 4 APNs conveniently close to world-class dining, Marina Square, shopping, beaches, and downtown. Only a half block to the Embarcadero and harbor. This eight-residence group offers a true coastal hideaway of unsurpassed natural beauty. Individually licensed as Vacation Rentals with increasing monthly year over year income. Immediate receivable 2019 cash flow with future booked reservations. The eight residences comprised of a triplex, duplex, two single family residences and a one-bedroom unit. All refreshed from floor to ceiling, carefully furnished, and being enjoyed daily by vacationers from around the globe. Each residence offers comfortable living, bedroom space and full kitchen. Patios, decks, and large private courtyard encourage an outdoor living environment. Three on site laundry facilities and 10 onsite parking spaces, sufficient for staff and guests needs. Zoned CVS – Community Visitor Serving, the property is primed positioned to continue as a successful Vacation Rental or the location invites redevelopment into a modern Bayside resort. A Premier Partner on VRBO and Superhost on Airbnb. Booking. Com has recently been added to book guests. This offering has a great track record and is a growing turn-key business opportunity for those looking to invest in a legacy property with expanding future potential.

Pismo Beach, 380 Harloe

Price: $2,395,000
Units Total: 11
Lot Size: 9,600
Living Area: 4,233
Year Built: 1949
Parking: 8
Days on Market: 68
Description: Rare downtown Pismo Beach oasis includes a 2br 1ba home and 10 residential apartment units in 4 different buildings. Each unit has been uniquely renovated and meticulously maintained by the owner. Originally built in 1949, this property has the charm and character of an older building, but was renovated by the owner in 2000 and is spotless in appearance and presentation.

Grover Beach, 83 Newport Avenue

Price: $2,187,000
Units Total: 5
Lot Size: 7,500
Living Area: 6,900
Year Built: 2019
Parking: 10
Days on Market: 30
Description: Live in one and rest out the others! This is an amazing opportunity to purchase an upscale mixed use property just steps from the beach. No expense has been spared in the construction and quality of this building. Professionally designed by local architect, Cody McLaughlin. There are 5 units its total that are currently being used as long term rentals. #1 is a residential unit. It is 1967 sq.ft, with 4beds / 3baths, stunning finishes, open floor plan, ocean views, a bi-fold slider that opens the living room to a 200 sq.ft deck and a 1729 sq.ft roof deck with a spa. #2 is a residential unit. Is 1342 sq.ft, 2beds / 2baths and its own 487 sq.ft roof deck with amazing ocean views towards Avila Beach. #3 a residential unit. It is 1054 sq.ft 2bed / 2bath Located on the main level. #4 and #5 are both commercial units. Each unit is 500 sq.ft with 1 bathroom and kitchenettes. All units have their own separate laundry area, soft water systems, tank less water heaters, radiant heat flooring and beautifully designed interior finishes. Included in the footprint of the building is over 1400 sq.ft of garage / storage.

Pismo Beach, 369 Hinds Avenue

Price: $2,050,000
Units Total: 5
Lot Size: 7,250
Living Area: 3,585
Year Built: 1987
Parking: 9
Days on Market: 64
Description: First time on the market! Downtown Pismo 5 unit apartment complex consists of fully furnished long term rentals with very little vacancy. There has been one sale since it was built but never on the market. There are ocean views from some units and some decks. Unit 1 has fantastic views and is the 2 bedroom and 2 bath unit. The entire building includes 7 bedrooms and 6 bathrooms in total. Each unit is incredibly desirable with furnishings that bring a gasp of awe when you first open their doors! The units are separately metered with owner paying water and trash for the entire complex. Tenants pay their own gas, electric, and cable. There are 6 garages, 2 covered “guest” parking spaces and 1 partially covered space in the back. Laundry room is on site and all machines are owned by the seller. There is an additional storage room with income possibilities! Exterior walls have just been painted and interiors upgraded with hardwood / laminate flooring and custom tile work in the bathrooms. These units feel larger than they are, largely due to the layouts and furnishings. Great opportunity to purchase consistent cash flow in downtown Pismo!

Paso Robles, 3440 Spring Street

Price: $1,795,000
Units Total: 12
Lot Size: 22,650
Living Area: 4,950
Year Built: 1950
Parking: 0
Days on Market: 144
Description: Fantastic Investment Opportunity in Paso Robles! This 12 Unit Complex was once used as a local Motel, but is currently functioning as fully occupied apartments! Great 7 CAP Rate with room for improvement! Included on the property is a 2bd / 1ba home plus Office, 5- 1 “Bedroom” Units, 6- Studio Units, large workroom / storage above unit 12, and on site coin-op laundry! Unit #’s 6-9 have fenced backyards and all 12 Units have assigned parking. All units have separate sub-meters, allowing the property owner to charge tenants for their own electricity use. There is a large marquee sign for “Spanish Oaks Apartments” displayed at the entry. Newer roofs, have been installed on all multi-unit buildings and newer paint. This property has a long term history of no-vacancy and is a turnkey investment opportunity.

Cayucos, 3192 Ocean Boulevard

Price: $1,695,000
Units Total: 4
Lot Size: 6,600
Living Area: 3,680
Year Built: 1960
Parking: 3
Days on Market: 332
Description: 4-Plex- Get it while you can! Vacation Rental License in hand. Major Head to Toe Renovation on this Panoramic Ocean View 4 Plex! (3) Two Bedrooms and Studio. Top 2 Units have excellent views! This is a very flexible investment opportunity to park some 1031 $$$. ALL units have been upgraded in some manor, everything resurfaced, three carports were enclosed to garages, and overall functionality brought back to the property! Property is on a Corner Lot with Side Street access for garages and extra parking. Location for a Vacation Rental is great! Just down the street is a traffic light crossing to the beach! A large Two Bedroom Unit to the South is the premiere Unit, Wide and Open with View Deck. The North Unit Offers similar Views! The Lower Two Bedroom is more a private unit with large porch and faces the back yard. There is a front Studio Apt with enclosed private outdoor space. All the Two Bedrooms have interior Laundry. In between the units are two community rooms or additional storage areas ( $$$). The yard space offers plenty of room for community gardening or as seen fit. Two large storage sheds are also included. Seldom does a property with these views and income producing functionality come to market! Get some income and enjoy Cayucos!

2750 Davis Canyon Road

Price: $1,688,000
Units Total: 2
Lot Size: 1,234,055
Living Area: 3,910
Year Built: 1994
Parking: Yes
Days on Market: 197
Description: Welcome to Rancho de las Agua Preciosa, Ranch of the Precious Water! Tucked away near Avila Valley, are two amazing homes on over 28 acres of your slice of heaven, and only 10 minutes away to the beach or downtown SLO. Currently operating as a successful vacation rental (with a transferable grandfathered in license), live in one home (or none!) and rent the other VRBO or long term, host events, invite the whole family over, the sky is the limit! The elegant and majestic main house, on the main level, boasts 3 bedrooms, 2 bathrooms, a formal dining room, laundry, a family room with wood-burning stove, a spacious kitchen, and a large enclosed patio, perfect for large parties. Overlooking the beautiful lush trees and greenery, upstairs you will find a second family room with 3 more bedrooms and 2 additional bathrooms with a balcony. Under the twinkling stars on a cool evening, enjoy your outdoor deck with a large mineral spring “healing water” spa and large sauna listening to the soothing creek for the ultimate relaxation! The second home offers an upstairs 1 bedroom suite with a full-size kitchen and fireplace, and downstairs offers a two-room suite or office, with a kitchenette, laundry facilities, soaking tub with an infrared sauna, and an amazing private garden with an additional outdoor spa. Perfect home with tons of space and potential to make it whatever you want!

Pismo Beach, 340 Park Avenue

Price: $1,650,000
Units Total: 5
Lot Size: 10,000
Living Area: 575
Year Built: 1946
Parking: 6
Days on Market: 36
Description: Unique Opportunity to Own a Slice of Downtown Pismo Beach! Just 3 blocks to the Beautiful, Blue Pacific Ocean, these types of properties do not come along very often. This property is zoned mixed use, and has a commercial building as well as two adorable bungalows. The lot is approximately 10,000 sq.ft with plenty of room for parking. Check with the city for possibilities.

704 South Lincoln Street

Price: $1,500,000
Units Total: 9
Lot Size: 17,860
Living Area: 17,860
Year Built: 1917
Parking: 14
Days on Market: 15
Description: Opportunity Knocks! This 9-unit multi-family property is comprised of (8) 2Bed / 1Bath units and a turn-of-the-century 4Bed / 2Bath house and is located in an Opportunity Zone. Primed and ready for a buyer to upgrade and re-position it in the Santa Maria market. This is the first time this property has been on the market! Property includes 10 carports and 4 uncovered parking spaces plus a laundry room (currently used for storage), which could bring in additional income. Several decks and staircases have been recently repaired or replaced. Good upside in rents!

Avila Beach, 228 Laurel Street

Price: $1,449,000
Units Total: 2
Lot Size: 4,530
Living Area: 2,560
Year Built: 1997
Parking: 7
Days on Market: 23
Description: 226 and 228 Laurel Street. This duplex is three blocks from the sand. The upper floor unit (#226) is two bedrooms and two baths with three balcony decks. A large kitchen with tile counters, breakfast bar and walk-in pantry opens onto the dining area and living room. This floor plan provides maximum privacy with one bedroom and bath at the front and the Master Suite at the rear. The large indoor laundry room has hanging space and folding area. Refrigerator, washer and dryer are included. The lower floor has a three-car garage (2 for upper, 1 for lower) in the front. The laundry hook-ups for the lower unit (#228) are in the garage. The large kitchen with refrigerator included, has abundant storage and breakfast bar. A spacious living room has adjacent under stair storage closet. A full bathroom is convenient to the living room and sleeping spaces. The two bedrooms are at the rear and each has a wardrobe closet with mirrored doors. Information not verified.

673 Santa Rosa Street

Price: $1,275,000
Units Total: 3
Lot Size: 7,000
Living Area: 2,380
Year Built: 1940
Parking: 2
Days on Market: 117
Description: 3 UNITS! Attention Investors! Trust Sale! Turn Key Investment. Over $300,000 + renovation completed in 2016. Live in 1 rent out 2 or rent all 3 for great income. Conveniently located is this remodeled Triplex walking distance to Cal Poly, Downtown, and Santa Rosa Park. Items completed in the past 3 years include New Roof, New Windows, Wall Heaters, Plumbing, Electrical, Cabinets, Appliances, Paint, Flooring and refinished hardwood, plus many more repairs and upgrades (itemized list attached). Laundry hookups. Unit configuration is Two (2) attached 2 bedroom, 1 bath, 840 sq. Ft. Units + a detached 700 sq. Ft, 2 bedroom, 1 bath above garage / carport / bonus room (see photos). There is a 300 sq.ft. Bonus room (see photos). Electric and Gas are separately metered. Water not metered separately ( $25 per person per month added for water). Block exterior on front 2 units. This unique location is zoned “O” office.

Nipomo, 480 Amado Street

Price: $1,200,000
Units Total: 9
Lot Size: 69,696
Living Area: 0
Year Built: 1950
Parking: 0
Days on Market: 38
Description: Nipomo 1.6 Acre Parcel With 9 Separate Rental Units; 8 Houses And 1 Mobile Home. Property Also Generates Billboard Income. All Rental Unit Properties Are Grandfathered Status. Rental Unit Properties Can Be Repaired But Not Replaced. Prime Billboard Location Next To 101 Freeway.

Santa Barbara, 1411 Valerio Street

Price: $1,199,000
Units Total: 2
Lot Size: 6,534
Living Area: 0
Year Built: 1959
Parking: 1
Days on Market: 188
Description: House with Large guest apartment! Located in lush, desirable neighborhood on the North side of the Mesa (Alta Mesa / Upper Westside). Main house rented for $3495 and the guest apartment for $2045. Main house is 3 bedrooms, 2 baths. The guest apartment is 1 bedroom, 1 bath. Both can be easy recombined into a single, large home. The main house has beautiful rustic vaulted ceilings throughout. Some remodeling around 2013 with granite counter tops in the bathrooms and kitchen. Guest apartment has been totally remodeled with granite counters in kitchen and bathroom, porcelain white sink and oversized faucet in the kitchen. Updated appliances. Beautiful views from all windows in the guest apartment’s master bedroom. Wonderful central location in a lush, desirable location: 5 minutes to the beach. 8 minutes to Cottage Hospital or City College. Close access to Highway 101. Shown only to qualified buyers with 48 hours’ notice.

San Luis Obispo, 675 Toro Street

Price: $1,199,000
Units Total: 4
Lot Size: 4,834
Living Area: 3,200
Year Built: 1907
Parking: 2
Days on Market: 75
Description: Classic and timeless 4-Plex close to downtown San Luis Obispo. Building One consists of three 1-Bedroom / 1-Bathroom units (two downstairs and one upstairs). Building Two is a spacious, standalone 1-Bedroom / 1-Bathroom. There is a common laundry area and detached 2-car garage. This property sits in a prime location with an easy commute to downtown, Cal Poly, and the 101. The property has been well maintained with quintessential San Luis Obispo charm. Rents have been kept low and there is plenty of upside potential on this 4-Plex. Whether you’re looking to step into the multi-family market or add to your existing portfolio, this income producing property is definitely worth a look!

San Luis Obispo, 1510 Broad Street

Price: $1,199,000
Units Total: 3
Lot Size: 6,950
Living Area: 2,600
Year Built: 1890
Parking: 1
Days on Market: 13
Description: You won’t want to miss this excellent investment opportunity in the heart of Downtown San Luis Obispo! This unique and special property is made up of three separate residences, each with rental income potential. The main residence is a historical Victorian home originally built in the late 1800s, featuring four bedrooms and two bathrooms with plenty of classical charm. The second residence is attached to the main home and features two bedrooms, one bathroom and a full kitchen. The rear residence is a stand-alone one bedroom, one bathroom home with a full kitchen. This distinctive downtown property has endless potential, and is looking for a new owner to take it to the next level! Property being sold as-is.

Arroyo Grande, 865 Noyes Road

Price: $1,199,000
Units Total: 3
Lot Size: 143,312
Living Area: 4,101
Year Built: 1986
Parking: 2
Days on Market: 15
Description: 3 residences just outside the city limits of Arroyo Grande. Over 3 acres with a private well. Main house has 2 bedrooms, 2 bathrooms, granite counter tops, vaulted ceilings, fireplace, private patio space, and a deck off the master bedroom with incredible views. Attached to the main house are guest quarters with 2 bedrooms and 2 bathrooms. On it’s own driveway is a 2nd home that features 3 bedrooms, a wood burning stove, and lots of natural light. Plenty of room for RV parking, horses and other animals. Main house is occupied by owner Attached unit rents for $1600 a month Detached unit rents for $1950

2133 Gillespie Street

Price: $1,195,000
Units Total: 2
Lot Size: 7,405
Living Area: 1,690
Year Built: 1951
Parking: 6
Days on Market: 172
Description: Cozy Duplex in the highly desirable Westside. Both units are decently maintained 2bd + 1ba with laundry hookups inside each unit. 2 detached single car garages as well as a large backyard area and drought tolerant landscaping in the front.

San Luis Obispo, 870 Mill Street

Price: $1,175,000
Units Total: 4
Lot Size: 4,680
Living Area: 1,704
Year Built: 1996
Parking: Yes
Days on Market: 71
Description: Location location location! Turn key 4 plex a stone’s throw from Downtown San Luis Obispo! Located only two blocks from the mission and downtown situated on historic Mill Street just blocks from downtown San Luis Obispo this property consist of two separate buildings with two units in each, two units upstairs and two downstairs. The upstairs units have panoramic views of Madonna Mountain and Bishop’s Peak, the downstairs units have private patios and a bonus storage space. Each unit has a stack-able washer and dryer, full kitchen and their own off street parking space. Built in 1996 the property has been exceptionally maintained. All four units have identical layouts with the exception of the upstairs having a deck and downstairs having a patio. There is lush landscape surrounding the property which is on an automated sprinkler system and has outdoor lighting illuminating the walkways. The two upstairs units have been completely remolded and updated with new appliances, carpet, paint and cabinets. Current rents are bellow fair market value. One of the upstairs unit was recently rent and was only on the market for a week with multiple parties interested.

Los Alamos, 325 Bell Street

Price: $1,150,000
Units Total: 3
Lot Size: 9,148
Living Area: 1,716
Year Built: 1920
Parking: 0
Days on Market: 161
Description: Vintage Los Alamos right in the center of town. Three delightful homes with Mixed Use Commercial [CM-LA] zoning in a highly visible downtown location. The property is situated on a street to street lot, all fenced with parking and privacy. Enter from Bell Street or from Leslie and enjoy these fashionable homes that are ready for your investment, tenants or business ideas. Perhaps a bed and breakfast? Much TLC has been invested including paint and other upgrades, to enhance the local charm. Surrounded by famous Los Alamos bakeries, wine bars, antique shops and fabulous restaurants. Plenty of offstreet parking.

Morro Bay, 301 Trinidad Street

Price: $1,025,000
Units Total: 2
Lot Size: 4,800
Living Area: 2,590
Year Built: 1984
Parking: 4
Days on Market: 104
Description: Panoramic Views, Vacation Rental License, Duplex with separate meters, Only 4 Blocks to 6 miles of sandy beach, 3 Car Garage Space + 1 Car for 2nd Home! Yup, this is that Morro Bay Property you have been looking for! Has a Vacation Rental License too! It is a 3 Bedroom, 2 Bath spacious Home with sweeping views from Estero Point to Morro Rock! Glass entry way, Open Living and Views from the Kitchen! A big Outdoor Patio off the back, all in excellent condition! Below this is a MASSIVE Garage! Three Car Plus! Great WorkShop! Few Morro Bay Homes have bigger than a 2 Car! Then, we have a two bedroom Single level attached home with fenced outdoor patio and single car garage! Both are very desirable rental properties or for those who need two homes, this has you covered. Come check out the Rock Views too! This is such a great flexible property, Sunsets are waiting for you.