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$1,295,000
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Property Description
Built in 2008, the property shines with pride of ownership--from the sharp curb appeal and newer exterior paint to the solid roof and updated HVAC units. First impressions matter, and this one delivers--whether you're an investor touring the site or a prospective tenant pulling up for the first time. Inside, the units continue to impress with upgraded finishes like custom wood cabinetry, modern countertops, and sleek kitchen and bath appliances. Each unit also includes in-unit laundry with stackable washer/dryers, a tenant favorite that adds everyday convenience. With everything in place and in excellent condition, maintenance needs are expected to be minimal, supporting long-term operational efficiency and strong returns. Unit mix is comprised of (3) 1-bedroom/1-bathroom and (2) 2-bedroom/1-bathroom units.Seller financing available with 80% leverage and 5% interest-only payments for 5 years.
Full Property Details
Full Property Details for 505 11th St
General
- Sold For: $1,295,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: V1-29452
- Added to Site: 306 day(s) ago
Interior
- Fireplace(s): None
- Appliances: Refrigerator, Gas Range
Rooms
Other Rooms
- Laundry: In Closet
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: SMIG - San Miguel
- County: San Luis Obispo
- Development Name: SMIG - San Miguel
- Driving Directions: Located on the corner of 11th Street and N N Street
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- # Water Meters: 1
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Year Built: 2008
Lot Features
- Property View: None
- Lot Size (Acres): 0.1722
- Lot Size Source: Public Records
- Lot Description: No Sprinklers
Listed by Apartment Investment Specialis, Craig Lieberman
Sold by Keller Williams West Ventura County, Garry Eberhardt
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Schools
Schools serving 505 11th St
School District:San Miguel Joint Union Elementary School District
| Name | Grades | Distance |
|---|---|---|
Paso Robles High School 801 Niblick Road, Paso Robles, CA 93446 | 9-12 | 9.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 11th St
Date
Details
Price
Change
Source
5/16/2025
Sold
$1,295,000
-7.17%
MLS
4/20/2025
Listed
$1,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
505 11th Street, San Miguel, CA 93451 (MLS# V1-29452) is a Multi-Family property that was sold at $1,295,000 on May 16, 2025. Want to learn more about 505 11th Street? Do you have questions about finding other Multi-Family real estate for sale in San Miguel? You can browse all San Miguel real estate or contact a Coldwell Banker agent to request more information.

