3249 Broad Street, San Luis Obispo, California 93401

Unique opportunity to acquire a 38-unit multifamily project with 5 units allowed for short-term / hotel use. Located in the burgeoning Broad Street corridor, the project has approved building permits that are ready to pull. This allows the buyer to expedite over 3+ years of city planning and start the project immediately after close of escrow. Market value rent growth in San Luis Obispo continues to climb due to a shortage of housing options. Smaller, single occupancy units are especially in high demand and regularly see many applicants when one hits the market. Reap the benefit of the highest per square foot rents in these studios and one bedrooms. Full plan set and proforma profit and loss available upon request.