$15,900,000

Estimated payment $103,713/month

Total Views 6,387
65 Beds
96 Baths
27,790 Sq Ft
$572 Price per Sq Ft

Highlights

  • All Bedrooms Downstairs
  • 1.41 Acre Lot
  • Tile Countertops
  • Bishop's Peak Elementary School Rated A
  • Neighborhood Views
  • Laundry Room

About This Home

Introducing Sagrado Corazon, a premium 32-unit apartment complex ideally situated in the heart of San Luis Obispo. This rare investment opportunity is comprised of 31 spacious 2 bedrooms, 2.5 bathroom units, and one exclusive 3-bedroom, 3-bath unit.

These well-conceived floor plans offer a welcoming living area with fireplace and dining area. From the kitchens there is access to the gated interior courtyard. Completing the entry level is a half bath. Upstairs are two generously sized bedrooms and closets, each with an ensuite bathroom. These units are separately metered for utilities. Each has designated parking.

There is an onsite laundry facility for tenants use. The interior courtyard offers built-in BBQ’s and racks for bicycle storage. Historically low vacancies.

This complex is located near Sierra Vista Medical Center and Cal Poly University. Easily accessed are two main arteries of Santa Rosa Street/Highway 1 and Foothill Boulevard. Tenants enjoy easy access to local shopping, dining, and a full range of essential services—making Sagrado Corazon both a practical and desirable place to live.

Listing Agent

Lee Anne Fisher

Compass Brokerage Phone: 805-440-0251 License #01082922 Listed on: 06/20/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 1.41 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Fence is in good condition
  • Level Lot
  • Density is 31-35 Units/Acre

Home Design

  • Apartment
  • Slab Foundation
  • Tile Roof
  • Clay Roof
  • Stucco

Interior Spaces

  • 27,790 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Neighborhood Views
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 65 Bedrooms
  • All Bedrooms Down
  • 96 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 60 Open Parking Spaces
  • 66 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 052182028
  • $110,931 per year additional tax assessments

Community Details

Overview

  • 10 Buildings
  • 32 Units
  • San Luis Obispo Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 32 Leased Units
  • Rent Control
  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • 32 Separate Water Meters
  • Electric Expense $1,452
  • Fuel Expense $1,644
  • Gardener Expense $5,400
  • Insurance Expense $89,412
  • Professional Management Expense $48,000
  • Trash Expense $10,752
  • Water Sewer Expense $2,628
  • Operating Expense $20,788
  • Gross Income $961,908
  • Net Operating Income $754,289

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 496875
  • Professional Management Expense: 48000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Water Sewer Expenses: 2628.00
  • Zoning: R4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 5400.00
  • Parcel Number: 052182028
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Tile Counters
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 572.15
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Good Condition, Wrought Iron
  • Pool Private: No
  • Roof: Clay, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Paved
  • Total Parking Spaces: 66.00
  • Uncovered Spaces: 60.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 10752.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 31-35 Units/Acre, Level with Street, Walkstreet
  • Lot Size Sq Ft: 61420.00
  • Lot Size Acres: 1.4100

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 1452.00
  • Fuel Expense: 1644.00
  • Gross Income: 961908.00
  • Gross Scheduled Income: 961908.00
  • Insurance Expense: 89412.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 10200.00
  • Lease Term: Negotiable
  • Lot Size Area: 61420.0000 Square Feet
  • Net Operating Income: 754289.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 32
  • Number Of Units Leased: 32
  • Number Of Units Total: 32
  • Number With Disposal: 32
  • Number With Patio: 1
  • Number With Range: 32
  • Number With Refrigerator: 32
  • Operating Expense: 207618.00
  • Rent Control: Yes
  • Total Expenses: 20788.00

Tax Info

  • Tax Census Tract: 109.02
  • Tax Lot: 38
  • TaxOtherAnnualAssessmentAmount: 110931.36

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Sale $15,900,000 -- $572 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25135848

California Regional Multiple Listing Service (CRMLS)