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$3,150,000

Beds
Unknown
sq ft
41,884

2730 McMillan Ave, San Luis Obispo, CA 93401

2730 McMillan Ave

San Luis Obispo, CA 93401

  • 207 days on market
    • Price drop $350,000↓
Welcome to 2730 McMillan! This 46-unit apartment project exemplifies one of the best opportunities to build modern apartment living in San Luis Obispo. Top of market community and apartment amenities provide residents a comfortable oasis. The property benefits from its location, less than a mile from downtown San Luis Obispo, giving residents the benefits of walking and biking to downtown. In addition its premier location also is less than two blocks away from Duncan Alley, Crossroads and many other coffee shops and local restaurants. New ownership will benefit from the well designed project by Arris Architecture and a bid in hand from JW Design.

Details

Property type

Apartment

Est. home value

$973,442

Lot size

1.1 acres

Price per sq ft

$76

Year built

2024

Price History

09/11/2024
CRMLS

CRMLS #SC24087308

Price change
$3,150,000
-10%
05/01/2024
CRMLS

CRMLS #SC24087308

Listed
$3,500,000
+438.46%
04/11/2016
CRMLS

CRMLS #SP1061149

Sold
$650,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Bradford Family Trust

Loan start date

March 2022

Original loan amount

$605,000

Est. remaining balance

Not provided

Interest rate

3.69%

Loan type

Commercial

Seller

Covelop Holdings Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 4:30 PM

Listing updated: 09/17/2024 at 7:40 AM

Listed by: Anthony Aurignac, Venture Real Estate Phone #: (805) 783-1000

MLS: CRMLS #SC24087308

CRMLS logo

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