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Listed by Scott Ehrke, DRE #01012637 • GUIDE Real Estate
$895,000
Est. payment /mo
3,500 Sqft Lot
Active
1470 Mission ST San Miguel, CA 93451
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNS26100256
Year Built 2008
Lot Size 3,500 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
INVESTORS, TAKE NOTE! Here's a great opportunity to purchase a newer three unit, mixed-use building in the desirable Paso Robles Wine Region. Located on the main corridor in downtown San Miguel (9 miles North of Paso Robles), this outstanding income property is just a short walk North of the historic Mission San Miguel. Built just 20 years ago, this newer mixed-use building includes over 2,700 SF of ground-level commercial/retail space, together with two (2!) spacious, well-designed 2 bedroom, 2 bath residential apartments upstairs. Imagine the possibilities here. This is an ideal property for a 1031 exchange - currently 100% rented, generating over $5,000/month in income with long-term tenants (of 7 to 13 years). However, because each tenant is now on month-to-month agreements in anticipation of the sale, the building is also well suited for an owner-user who could have their business operations downstairs, occupy one of the two upstairs apartments, and rent out the other one for additional monthly income. The downstairs commercial space has high ceilings (10 - 12') and could potentially be split into two separate commercial units. Upstairs, you'll quickly realize these are not your average, run-of-the-mill apartments. Inside each unit you'll find open floorplans, 9 ft volume
Location
State CA
County San Luis Obispo
Area Smig - San Miguel
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other
Exterior
Parking Features Off-Street Parking, Other
Pool 31, None
View Hills
Roof Type Composition
Building
Lot Description Zero Lot Line, Grade - Level
Foundation Concrete Slab
Water District - Public
Others
Tax ID 021141012
Special Listing Condition Not Applicable
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