Set amid lush landscaping in a serene, park-like setting, 505 Brizzolara Street is a 12-unit multifamily property* in the heart of San Luis Obispo. The asset consists of ten (10) two-bedroom/one-bathroom apartments and two studios, all well maintained and featuring gracious floor plans filled with natural light and charm. Select upstairs units showcase exposed wood-beamed ceilings, adding warmth and character.Residents benefit from a private parking lot, on-site laundry, and a communal patio area. The centrally located property is moments from all that San Luis Obispo has to offer, with downtown shopping, dining, and entertainment within walking distance and Cal Poly just two miles away. This is a rare opportunity to acquire a quality investment asset in a premier San Luis Obispo neighborhood. Unit 12 was converted from an office to a studio in 2024. The work was not permitted.Recent CapEX: Zinsco electrical replacement, brand new main panel (2020)New roof & gutters installed (2020)Exterior fully repainted (2023)Back fence along creek replaced (2024)
Built in 1895, this iconic Historic Victorian residence sits on one of downtown San Luis Obispo’s most prominent properties. Restored over the past 50 years, the residence is set on nearly a half-acre of usable land and currently features nine residential units, including three one-bedroom residences and six studio units with lofts. The property also includes nine outbuildings used as garages, storage, a bicycle garage, social room, and laundry facility. Historic character is preserved through ornate Victorian detailing, original redwood built with Douglas fir accents, soaring 12-foot ceilings, and expansive windows, while offering modern conveniences throughout. A large basement, park-like grounds, patio areas, and barbecue space enhance the property’s appeal. In addition to its existing income-producing layout, the property offers potential for future expansion and increased density, subject to local zoning and planning approvals. Development flexibility may allow for additional units or alternative configurations, presenting a rare opportunity for investors and owner-users alike.
Courtesy: Radius Group Commercial R.E.
805-965-5500
College Garden Apartments is a 35-unit multifamily community located at 204, 228, 256, and 284 North Chorro Street within San Luis Obispo's established student housing corridor. Situated just 0.8 miles from Cal Poly and easily accessed via Foothill Boulevard, the property offers students a convenient commute in a highly walkable area surrounded by dining, coffee shops, fitness centers, and other off-campus housing. The unit mix includes one- and two-bedroom layouts, featuring 18 standard apartments and 7 two-bedroom bungalow-style units. Approximately 35 private garage spaces, roughly one per tenant, provide rare storage and privacy for student housing. Additional features include on-site laundry and an unused on-site manager space, offering future operational flexibility.
Courtesy: Radius Group Commercial R.E.
805-965-5500
555 Westmont Apartments is a 49-unit community consisting of six residential buildings arranged around two enclosed courtyards, creating a private, campus-style living environment. Located just off the highway, the property offers convenient access to Cal Poly via Highland Drive and strong connectivity to downtown San Luis Obispo. Proximity to both Cal Poly and Cuesta College supports consistent student demand. The unit mix includes 26 one-bedroom/one-bath units, 18 two-bedroom/one-bath units, and 5 three-bedroom/two-bath units. Amenities include ample on-site parking with uncovered and tuck-under spaces and potential future ADU conversion within existing carport areas (buyer to verify). Interior renovations present a clear value-add opportunity through modernization and rent growth.
Courtesy: Radius Group Commercial R.E.
805-965-5500
607 Grand Avenue is a 20-unit student housing community accessed directly from Grand Ave and located just 0.4 miles from the Cal Poly campus, offering exceptional proximity that is easily reachable by car, bike, or on foot. The property is comprised entirely of townhome-style units with almost identical floorplans across the community. Each unit features a 2/1 layout with an average of approximately 3-4 students per unit, optimizing roommate configurations while maintaining functional living layouts. The community is anchored by an outdoor amenity area featuring a basketball court, grills, and shared community space. The adjacent vacant space currently used for storage, backing the laundry room, presents compelling ADU potential, with the likely capability to convert into a studio.
3380 Bullock Lane presents a rare opportunity to acquire a turn-key, pride of ownership multifamily asset in one of San Luis Obispo's most sought-after rental markets. The 8-unit property has been meticulously maintained and thoughtfullyupgraded, featuring modern interiors with luxury vinyl plank flooring, updated kitchens with stainless-steel appliances, and spacious open-concept living areas with private patios. The building demonstrates strong in-place rents and steady operational performance, offering both secure income and upside potential through continued rent growth in a supply-constrained submarket. Residents enjoy convenient access to Downtown SLO, Cal Poly University, and major employers, with abundant on-site parking and on-site laundry facilities. With a current CAP rate of 4.8% and a market CAP rate approaching 5.2%, this property provides an attractive blend of yield, stability, and long-term appreciation. 3380 Bullock Lane is the ideal acquisition for an investor seeking a well-positioned, low-maintenance asset in a thriving Central Coast market--perfect for 1031 exchange buyers or those looking to expand their portfolio with a high-quality multifamily property in San Luis Obispo. Laundry is on-site coin-operated laundry facilites.
Old-town SLO railroad-area triplex, at corner of Pepper, Mill, and Peach Street. Property parcel includes 3 charming detached homes, all with off-street parking, full baths, and storage sheds. A 2 brm, 1 bath home, with remodeled eat-in kitchen, Dutch door to laundry area, washer/dryer hookups, and fully fenced rear yard. A 1.5 bedroom home with washer dryer hookups, fully-fenced rear yard and generous front porch. A ground-level studio home with semi covered front patio area. Unit sizes are estimates, and square footage for assessor may be different than actual total area of units. Photos reflect most recent time of vacancy, inspection reports reflect current condition. Ask your agent about available property documents, including detailed income and expense info. Seller will consider buyer concessions. *Please do not disturb occupants*
Old-town SLO railroad-area duplex, near corner of Mill and Peach Streets. Property parcel includes 2 brm, 1 bath home and detached studio home, both with off-street parking. Front house has picket fence front yard with pomegranate tree and fully fenced rear yard. Detached studio has a generous front porch and 2 yards, and recently installed roof replacement. Unit sizes are estimates, and square footage for assessor may be different than actual total area of units. Property professionally managed, both units are occupied. Photos reflect most recent time of vacancy, inspection reports reflect current condition. Ask your agent about available property documents, including detailed income and expense info. Seller will consider buyer concessions. *Please do not disturb occupants*
ADD 3 MORE BEDROOMS TO EXISITING STRUCTURES OR 3 ADUs! * Buyer to verify with SLO City code. Adorable SLO cottage with updated features and a view of Bishop's Peak. Conveniently located near Cal Poly bike trail with walking bridge, you can walk to downtown San Luis Obispo's shops and restaurants. There is a studio in the back with a separate address and entry off the driveway behind the main house, with its own fenced in yard. The driveway is long and has plenty of parking which leads to a detached 2 car garage. This lot is zoned R3 and an additional two units may be built, to boost rental income! Entering the main house, you'll see living room with gas fireplace, and a door to the fenced in side yard. Enjoy a cozy night outside at the newly plumbed firepit. Professionally landscaped front yard with automatic sprinklers. The home has two bedrooms connected by a jack-n-jill bathroom updated with a new pedestal sink and glass shower enclosure. The kitchen is newly remodeled with concrete countertops and subway tile backsplash. Dining area has the original built-ins that add to the charm of this home.
Welcome to the historic Allen House – an early 1900s era home built in the “railroad-vernacular” architecture and located in the beautiful Historic Downtown District of San Luis Obispo. This unique R3 zoned property was significantly renovated in 2023 from the top down, making it ready for generations to come. The property is comprised of a single structure (4,688 SF) containing two units and a total of 17 bedrooms, 2 kitchens, and 4.5 bathrooms. The smaller ADU unit contains 3 bedrooms and 2 bathrooms with it’s own private entrance and kitchen, and the primary home contains 14 bedrooms, two full bathrooms (2nd floor bathroom has two toilets and two showers), one half bathroom, living room, dining room, commercial kitchen, and a covered patio. There is also a detached garage that is ideal for storage. All renovations are fully permitted with the City of SLO and performed by the most reputable local companies in town such as: AGD Architecture + Design, Michael Kalin Structural Engineering, Ed Cuming Construction, Zara Khan Interior Design, and many more trades and subcontractors. Improvements include: New carpet and luxury vinyl plank flooring, new doors, interior and exterior painting, new aluminum clad wood frame windows by Lincoln, new drywall, new kitchen cabinets & countertops, new appliances, new lighting, remodeled bathrooms, new electrical wiring with 400 amp panel & new plumbing lines, pre-wired for EV charger in garage, new sewer lateral connection to street, new roof, new fire escape stairs, whole house fan on third floor, new skylights, Navien tankless water heaters, one inch water meter upsize from previous 5/8 inch, new gutters and downspouts, new concrete and new decking in backyard, front and backyard artificial turf, reinforced foundation supports with new beams/posts/footings, commercial grade 4 inch fire sprinkler line from water main to house with Wilkins double check valve backflow preventer, and much more. This property is an ideal opportunity for those seeking strong rental income as an investment or simply wanting a large residence for a family or multiple families. The Downtown SLO location and R3 zoning allows for flexible alternative uses (with a permit) such as: Bed & breakfast, hostel, religious assembly, school, continuing care, elderly care, day care, fraternities or sororities, hospice, and more. The Allen House is a once in a lifetime opportunity to acquire a legacy property with over 125 years of history.
Welcome to 762 & 760 Woodbridge Street, an exceptional and rare investment opportunity located in the heart of San Luis Obispo’s beloved Little Italy neighborhood. This thoughtfully updated, fully furnished multi-unit property offers two distinct living spaces totaling 2,060 sq ft, providing outstanding versatility for owner-occupants, investors, 1031 exchange or those seeking a combination of both. The front residence at 762 Woodbridge is a charming 2-bedroom, 1.5-bath home spanning 860 sq ft. With a bright, open floor plan, abundant natural light, and warm interior finishes, this unit offers a seamless flow between the living, dining, and kitchen areas. The in-unit laundry, conveniently located in the half bath, adds to the home’s overall functionality and ease of living. Tucked at the rear of the property is 760 Woodbridge, a modern ADU built in 2021. Offering 2 bedrooms, 1.5 baths, and 816 sq ft of sleek, contemporary design, this residence features an open-concept layout, clean architectural lines, and upscale finishes throughout. Just outside, a 288 sq ft partially covered deck extends the living space outdoors, perfect for relaxing or entertaining. Behind the garage lies a bonus 384 sq ft shop. Whether used as a home office, creative space, fitness room, or guest quarters, the possibilities are endless. A large 576 sq ft (24x24) finished 2-car garage complete with painted drywall and epoxy flooring provides secure parking, extra storage, or a potential workshop. Each living space has its own private entrance, offering separation, privacy, and flexibility for a variety of living arrangements. The entire property is serviced by an owned solar system, reducing utility costs and increasing long-term value. Best of all, this turn-key investment comes fully furnished and equipped, generating an impressive gross monthly income of approximately $8,950. Beautifully maintained and move-in ready, 762 & 760 Woodbridge offers more than just a home, it provides a lifestyle.
San Luis Obispo is located in California. San Luis Obispo, California has a population of 47,257. San Luis Obispo is less family-centric than the surrounding county with 23.13% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in San Luis Obispo, California is $61,862. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in San Luis Obispo is 26 years.
The average high temperature in July is 73.7 degrees, with an average low temperature in January of 42.8 degrees. The average rainfall is approximately 20 inches per year, with 0 inches of snow per year.
