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Priced at $965,000
1254 Bond Street • San Luis Obispo, CA 93405

This renovated duplex of two 1 bedroom/1 bath units, located 3 blocks from the Cal Poly campus is an amazing investment opportunity! This property is situated in a high-demand rental market and serves as an excellent investment by being located in the Qualified Opportunity Zone. Take advantage of the tax deferred capital gains program only available in a select location. This duplex is in that zone. Ask your CPA for details.

Currently each unit houses 3 individuals, 1 in the bedroom and 2 in the living room, utilizing the recently built large 2-car garage space as a common living area for both units. Artificial turf in the backyard makes for a low maintenance but functional space for students. The firepit with wraparound seating is another amenity that will have your tenants loving where they live and staying year after year. Improvements have been made to the property such as interior paint and exterior paint as well as kitchen and bathroom improvements.

Located on a large fenced in lot, plans to construct a larger single family home or expand on the current duplex have been drafted. New tenants for the 2019–2020 school year will be moving in and at a great rental rate.

PROPERTY FEATURES

  • Corner Lot
  • Two Units
  • 1,092 Sq. Feet
  • 9,100 Sq.Ft. Lot
  • Single Story
  • Built 1941
  • Each Unit:
  • 1 Bedroom
  • 1 Bathroom
  • Full Kitchen
  • Dining Area
  • Living Room
  • Indoor Laundry
  • Spacious Fenced Backyard
  • Common Area in Garage
  • Firepit w/Seating Area
  • Artificial Turf
  • Low Maintenance Landscaping
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