655 Rancho Oaks Dr, San Luis Obispo, CA 93401

Located in one of San Luis Obispo Most Desirable Areas. This very unique property offers a large 7 bedroom home with 4 bathrooms. The main home also features two Kitchens and could be rented as two units or use one as guest quarters. The 220 sf. enclosed front porch and protected back patio gives the owner many ways to enjoy the fantastic outdoor atmosphere. The pool which is surrounded by the back patio, offers privacy and a gas/solar assisted heating system. The 10 mobile home spaces are located discreetly below the residence and do not impair the view. The mobile home park is under rent control and historically has had very low vacancy, providing steady space rent income. Rental income from the mobile homes produced $4,710 a month ($56,520 annually) and the main home when leased was providing $4,200 a month ($50,400 annually) in 2011. Dependable income, with a rural setting and still only 5 minutes to town!