Amazing opportunity to own 4 fully renovated, high income producing units for a total of 10 bedrooms in downtown San Luis Obispo with several off street parking spots and a private laundry room. There are two buildings and each building has one 3 bedroom unit and one 2 bedroom unit ensuring high income for years to come. Over the past year each unit has received a thorough renovation. The property has seen electrical updates including new panels, plumbing updates, new appliances, new interior and exterior painting and new flooring. Unit A is a 3 bedroom 1 bath open floor plan with new cabinets, quartz counters, luxury vinyl plank flooring (LVP), remodeled bathroom, a tankless water heater and a new furnace. Unit B retains much of the vintage charm from when the back building was built that includes refinished original cabinets and a one piece custom sink and countertop. There is plenty of light in this 2 bedroom unit with updated forced air heating, new shower, original hardwood and vintage tile. Units C & D are in the front building that was built in 2000, although Unit D was just built in 2023 so everything is new in that unit. Unit C is a 3 bed 1 bath unit with vaulted ceilings, a balcony and unique corner windows that bring in more natural light. Unit D has 2 bedrooms, 1 bath, modern finishes that include white shaker cabinets, LVP flooring, quartz counters, black hardware and a mini-split to provide heat and AC. Each unit has separate electric meters and current rents have plenty room for increase.
| MLS # | SC26174124 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 49 |
| Listing Provided By | Triad Real Estate Group | Rodessa Newton |
| SQ Feet | 3,061 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | R3 |
| Acreage | 0.13 |
| Appliances | Dryer, Washer |
|---|
| Lot Features | Sixteen To Twenty Units Acre |
|---|
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
| Sewer | Public Sewer |
|---|
| Community Features | Sidewalks |
|---|
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | San Luis Obispo |
| Zip Code | 93401 |
| Area | SLO San Luis Obispo |
| Community Name | San Luis Obispo(380) |
| Listing VS Median (in San Luis Obispo(380)) | |
Price: $2,400,000 low | high Med: $1,075,000 sqft: 3,061 low | high Med: 1,612 $ / sqft: $784 low | high Med: $783 On site: 49 low | high Med: 95 | |
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | San Luis Obispo |
| Zip Code | 93401 |
| Area | SLO San Luis Obispo |
| Community Name | San Luis Obispo(380) |
| Listing VS Median (in San Luis Obispo(380)) | |
Price: $2,400,000 low | high Med: $1,075,000 sqft: 3,061 low | high Med: 1,612 $ / sqft: $784 low | high Med: $783 On site: 49 low | high Med: 95 | |
![]() | $1,675,0002021 SkylarkSan Luis Obispo, CA 93401 |