http://www.farrellsmyth.comFidelity Title San Luis Obispo(listingpromoterfntslo.com)http://listingpromoterfntslo.com/Uploads/46/57/24657/images/PAM%20(3).jpghttp://www.farrellsmyth.comhttp://www.3302ocean8unit.comThu, 11 Feb 2010 13:34:12 GMT 8 Ocean View Vacation Units – Rare Cayucos Offering! "The Cayucos View Inn & Suites Hotel" Fully Licensed Vacation Inn with the option of Extended Stay Turn-key condition - Extensive "down to the studs" Renovation! More detailed description of renovation soon to come... No expense spared. Ocean views from all units (upper level White Water!) Just Minutes to San Luis Obispo and all services, Cal Poly, Cuesta College, Central Coasts most beautiful Beaches and so much more! The subject property is located in the beautiful central California coastal town of Cayucos. Its specific location is within an established residential neighborhood just minutes to downtown Cayucos, a quick stroll to the beach, and within 20 minutes of San Luis Obispo. Cayucos is known for its "banana belt" climate. Where neighboring Cambria to the North and Morro Bay to the South may be fogged in, Cayucos will have a lovely mild perfect climate. It is a well known and loved local secret. In addition to beautiful, peaceful qualify of living, Cayucos offers some of the best surf and longest stretches of beaches on the Central Coast. Uncrowded, unspoiled "Old Cali" at its finest. The quality of the neighborhood and its close proximity to an unmatched Scenic Central Coast, Downtown San Luis Obispo, Cal Poly, and Cuesta College, All services, Hospitals, Fabulous Local Beaches, 1st class Recreation, Easy freeway access to both Hwy 1 and Hwy 101 make this a superior location with which to invest. This property is currently being operated as a Vacation Inn/Hotel. Current rental rates being collected & offered are as follows: $119/night , plus tax - Winter Season $139/night, plus tax - Summer Season Extended Stay is permitted. The investment proforma, available to view within the property reports section, is based on the current rental amounts being collected & offered. Daily rates are $119/night for the Winter Season and $139/night for the Summer season. Monthly rates are at $1150/month. The recent rehabilitation/remodel of this building was designed and set up for short term Vacation Rentals/Hotel. See property website www.cayucosview.com, for rental information. More details describing the extensive renovation will be forthcoming…In the meantime, some of the capital improvements include: new electrical, new plumbing, new dual pane windows, new 8ft wide sliding glass doors, new kitchens and bathrooms, all new appliances, new parking lot asphalt, new deck & walk way surfacing, concrete sound proofing between floors, double 5/8” hotel/fire rated sheet rock between rooms and more…. Bottom line... this building was brought up to current code. Effective age of this building 2007! Each unit has a keyless entry, is fully furnished, and includes wireless internet, TV, and all utilities paid (Units are separately metered for Electric). There is an ADA compliant unit, with extra wide doors, extra large bathroom with step in tub that has hand rails and fold down seat. Although not required, all of the units have been upgraded with extra wide doors, both the front and bathroom doors . The unit mix consists of 7- fully furnished Studios with full kitchen and 3/4 bath and 1- One Bedroom, One Bath unit with attached (yet separate) reception room. Five of the studio units have expansive white water ocean views, balconies, and vaulted ceilings. The three lower units also have ocean views and a private balcony. The building consists of 1 two- story wood frame and stucco building containing eight residential units. There are 8- parking spaces (3 of which are tuck-under). The roof is of pitched, composition shingle. The landscaping is lush and gorgeous and creates for lovely peaceful ambiance. Common area amenities include a (plumbed in) gas BBQ on the upper deck, and on-site laundry facilities. The building is individually metered for Electric. One common water meter. One common gas meter which provides for Hot Water. There is a workshop/maintenance room and an extra storage room. There is an on-site laundry room with one Washer and one Dryer along with a dedicated Hot Water heater. The coin operated laundry equipment is owned. Note: This is NOT a short sale or REO. Also note: The undeveloped lot directly to the South is also available for sale. List price is $190,000. 4068 Square Feet Lot, Zoned Residential/Commercial. - see property reports section for more details. http://www.240Sandercock4unit.comSat, 06 Feb 2010 05:31:42 GMTPride of Ownership!! Excellent Income Property in highly sought after San Luis Obispo. Low owner expenses. Super nice , appealing units-easy to rent. Easily Well Managed by Owner, Well Maintained. Turn Key! This is a good one!! Not an REO or Short Sale. Just a stable property in a solid "A" location. Perfect place to invest your hard earned! There is a strong demand for affordable rental housing within the area and not enough of it. 3 Br House, plus 3- 1991 Built Townhome Style loft units. Private fenced yards, Indiv. HW heaters & laundry for each unit. INDIVIDUAL WATER METERS. Built to condo spec? Future Potential? Unit Mix: 3-Townhome style Apts (2 story) consisting of a loft(1 br), 1 Ba , 2- 1Br +loft, 1 Ba . 3 Br, 1 Ba SFR . These units are very appealing inside. Note: 5 water meters (landlord pays for landscape water). Tenants pay all their own utilities including Water/Sewer. The house is of one-story wood frame and wood exterior construction, Age unknown. The tri-plex was constructed in 1991. It is of two story wood frame and wood exterior construction. The entire property is in excellent condition. Recent capital upgrades include: New Dual Pane Windows, Electrical, Insulation, and more. The Roofs are of pitched composition shingle-replaced approx. 2001. Located a few blocks from downtown SLO, biking distance to Cal Poly and Cuesta College. Close to all services including several hospitals. Quick stroll to the busline and other public transportation. Easy freeway access to Hwy 101. Airport is close by. Within 15 minutes to some of our beautiful scenic Central Coast beaches, local Hot springs, 1st class golf courses, ample outdoor sports activities such as biking, hiking, water sports, dunes, and so much more! San Luis Obispo County is a fabulous place to live. Tucked away on California's central coast, this area is like "Old Cali" still untouched, uncrowded and unspoiled. With an overall mild climate averaging 65 degrees year round. From Broad Street take a right on Sandercock. Between Bee Bee and Cypress. Or from Hwy 101 north take Madonna exit,L Higuera, R on South, L on Beebee, R on Sandercock. Just a few blocks from downtown. Please be discreet-drive by only. Thank you!http://www.Casitaview.comTue, 23 Jun 2009 13:07:08 GMTFantastic Views!!! Golf course frontage, West of Hwy 1 in prime beach location. Walking trail access to the beach, boardwalk, Monarch butterfly park, oceano dunes and more. Within 15 minutes to other 1st class golf resorts, hot springs, downtown San Luis Obispo. Perfect Pismo Beach/Grover Beach Get-a-way Location for vacation, or Investment. Clean, well maintained, fully furnished 1 Br in sought after Le Sage Riviera MH Park. Great opportunity to position yourself in this popular location for not a huge investment. Short Term & Long Term rentals allowed in this park* High Demand Vacation Rental Location!!. Included with purchase is a 1970 VW Meyer-Manx beach buggy. Turn key- ready for move in! Make us an offer! Located in the Le Sage Riviera Mobile Home Park, West of Hwy 1 between Pismo Beach and Grover Beach.http://www.579WTROUVILLE3UNIT.comWed, 17 Jun 2009 13:42:10 GMT3 Solid Rental Units-all 2 Br, 1 Ba* Suitable for Owner Occupant! This is a very nice property. Well located in SW Grover Beach * Strong Rental Area * Close to Beach. Appealing Modern Design w/Pitched Roofs. Each unit unique. 2 Car Garages with each unit. Laundry Facilities-leased. Long Term Residents*Well Maintained. Fully Landscaped w/ Auto Irrigation System. Indiv Hot Water heaters* Makes for lower utility expenses to the owner. Current Annual Income (includes laundry)= $36,060 Annual Expenses= $12,059 See attached marketing flyer for more detail or contact Pam at (805) 904-9423 or via email at pam@farrellsmyth.com Note: The adjacent property located at 590 S. 6th Street in Grover Beach is also available for purchase. Same specs. Seperate parcels. Each being sold separately.