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2101 Johnson Ave - SFR & DUPLEX IN SAN LUIS OBISPO 3 Unit Apartment Building Offered at $1,778,422 CAD at a 3.41% Cap Rate San Luis Obispo, CA 93401
Investment Highlights
- Fully Remodeled 3-Unit Income Property
- Immediate Cash Flow
- Stabilized Upside Potential
- Prime Location – Historic Railroad District
- Separately Metered Utilities
- Value-Add Development Opportunity
Executive Summary
2101 Johnson Avenue is a rare, turnkey triplex in a highly walkable San Luis Obispo location—close to downtown and Cal Poly, yet set on a tree-lined residential street with excellent parking and privacy. The property blends updated interiors, strong operations, and clear upside, making it an appealing option for investors or future owner-users.
The front home is a remodeled 2-bed/1-bath cottage of roughly 900 SF with refinished hardwood floors, newer windows, an updated kitchen and bath, fresh paint, and its own single-car garage plus two additional off-street spaces. Behind it are two elevated studio units of about 450 SF each, positioned over their own garages and featuring vaulted ceilings, modern flooring, large decks, generous closets, and loft areas many tenants use as sleeping or office space. Each studio has two designated parking spaces, and there is one extra space on site.
All utilities are separately metered, there is coin-operated laundry, and site planning allows for easy access while preserving privacy. Preliminary architectural concepts exist to convert the studios into two-bedroom, two-story units for long-term value-add potential.
Offering a blend of stable income performance, desirable location, and strong tenant appeal, this triplex represents an excellent Central Coast income opportunity for investors seeking long-term potential.
The front home is a remodeled 2-bed/1-bath cottage of roughly 900 SF with refinished hardwood floors, newer windows, an updated kitchen and bath, fresh paint, and its own single-car garage plus two additional off-street spaces. Behind it are two elevated studio units of about 450 SF each, positioned over their own garages and featuring vaulted ceilings, modern flooring, large decks, generous closets, and loft areas many tenants use as sleeping or office space. Each studio has two designated parking spaces, and there is one extra space on site.
All utilities are separately metered, there is coin-operated laundry, and site planning allows for easy access while preserving privacy. Preliminary architectural concepts exist to convert the studios into two-bedroom, two-story units for long-term value-add potential.
Offering a blend of stable income performance, desirable location, and strong tenant appeal, this triplex represents an excellent Central Coast income opportunity for investors seeking long-term potential.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Balcony
- Kitchen
- Yard
- Handrails
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,073 CAD | 900 |
| Studios | 2 | $2,731 CAD | 450 |
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2101 Johnson Ave - SFR & DUPLEX IN SAN LUIS OBISPO
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