Seize this rare opportunity to own a fully renovated duplex just steps from downtown San Luis Obispo. This fully renovated duplex generates $10,900 in monthly rental income, with tenants covering utilities. Each unit features three bedrooms, two bathrooms, and a dedicated office space, making this property an ideal investment with strong rental demand in a prime location. Located within walking distance of boutique shops, top-rated restaurants, vibrant nightlife, and Cal Poly, these units are highly desirable among local renters, ensuring a lucrative return on investment. Both units include separate gas and electric meters, laundry areas, forced air heating, and brand-new tankless water heaters. The well-designed layout includes two bedrooms and a full bath upstairs, while the lower level features an additional bedroom, office, bathroom, living room, and kitchen—offering flexible living arrangements. Step outside to a covered back deck with electric laundry hookups, leading to a private, fully fenced backyard with a brick patio and storage sheds, creating a perfect space for relaxing or entertaining. The property has undergone extensive, fully permitted renovations, ensuring modern comfort and long-term value. Updates include a new roof, new HVAC units, new ceiling fans, new tankless water heaters, updated plumbing, upgraded electrical systems and panels, new drywall and insulation, fresh interior and exterior paint, and luxury vinyl tile flooring throughout. The kitchens have been beautifully remodeled with open shelving, stainless steel appliances and hoods, and quartz countertops, blending modern style with everyday functionality. With its charming curb appeal, modern upgrades, and unbeatable location, this turnkey duplex is a rare investment opportunity in one of California’s most sought-after markets. Don’t miss your chance to own this exceptional downtown San Luis Obispo property!
Contemporary style in this sought-after 2277 square foot corner house in Moylan Terrace, just minutes from downtown San Luis Obispo with easy access to shopping, dining, farmers’ markets, and community events. Enter the home through a gated front patio that opens onto the beautifully landscaped community greenbelt. Inside, the open-concept floor plan seamlessly connects the kitchen, dining, and living areas, all leading to a private patio overlooking the community lawn and picnic space—perfect for relaxing or entertaining. A spacious downstairs hallway features a versatile nook under the stairs that is ideal for a home office, workout space or extra storage, along with a convenient half bath. The oversized two-car garage includes additional storage space. Upstairs, the primary suite features a private balcony, an en-suite bath, and a generously sized walk-in closet. Two additional bedrooms share a full bath, while the upstairs laundry room adds convenience. Another balcony off the hallway offers extra outdoor space. With wood laminate flooring downstairs and newer carpet upstairs, this stylish townhouse is move-in ready. Don’t miss this opportunity to own a well-appointed home in a prime SLO location!
Prime Investment Opportunity Near Cal Poly! 3 separate units with R2-Multi Family zoning, located within minutes from Cal Poly. This property includes a spacious single-family home currently set up as a 4-bedroom, 2-bathroom residence with detached carport and private patio/yard. At the rear of the property, you’ll find a duplex accessed via Hathway Alley, each unit features 2 bedrooms, 1 bathroom, their own carport parking, additional storage, and shared private yard. Unit 460 is a convenient ground-level unit, while 460 1/2 is a charming second-story unit with a sunroom offering. Currently fully leased through June 14, 2025, this property is generating immediate rental income with long-term stability. With its prime location and R2 zoning, the possibilities for this investment are endless! Act fast – opportunities like this don’t last long!
Old-town SLO Railroad-Area triplex, near Upham Street and Railroad Square. Property parcel includes 1895 charming 3 brm, 2 bath home (one with clawfoot tub), renovated kitchen with generous storage, dishwasher, washer/dryer hookups, gracious front porch and back deck, and fully fenced front yard with Meyer lemon and orange trees. Rear of parcel has 1950’s era duplex, including two 1-bedroom 1 full bath apartments with single-level mirror floor plan layouts, with partially enclosed yard areas. One unit recently vacant and sparkling clean with recent paint and recent carpet, ready for occupancy. Garages for all 3 units include roll-up doors, 1-car sized each. Unit sizes are estimates, and square footage for assessor may be smaller than actual total area of units. May be potential for Mills Act property tax savings, buyer to evaluate for qualification. Property professionally managed. Seller will consider buyer concessions.
Discover the perfect blend of charm and modern updates at 2517 Broad Street, located in the heart of San Luis Obispo. This newly renovated property features a 3-bedroom, 1-bath main house and a detached studio ADU with a full kitchen and bathroom, perfect for extended family, guests, or rental income. Step inside to find stylish bright and airy living room with dusk cherry luxury vinyl flooring throughout, complemented by updated electrical throughout for modern convenience. The home shines with energy-efficient LED lighting, fresh interior Swiss coffee paint and Natural White exterior paint, and a beautiful new stucco finish that adds to its curb appeal. Both the main house and ADU boast new roofs, ensuring peace of mind for years to come. The entire property has also been landscaped with lavender and other drought tolerant succulents and shrubs. Off street parking under the carport or in the 2 car driveway. Situated in a prime location, this property is just a short stroll from vibrant restaurants, shops, and downtown SLO, making it an ideal spot for those who want to enjoy all the city has to offer. Whether you're looking for a move-in-ready home, a smart investment, or a property with flexible living arrangements, 2517 Broad Street checks all the boxes. Don’t miss this opportunity—schedule your showing today!
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.
One of a kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.
This 4 unit luxury apartment complex is a rare find. It is centrally located close to shopping and an easy commute to Cal Poly. All units are 2 bedroom 1-1/2 bath townhouse style. Each unit has a fireplace, indoor laundry with washer & dryer. All units also have 2 outdoor private enclosed patios one in front and back. Unit 1 and 4 have extra large outdoor area. 3 skylights in each unit, oak staircase in 3 units. All new windows including 2 - 8ft patio doors in each unit. Custom 8 ft mirror closet doors in each unit and custom 8ft door at the guest closet at the entrance. All laminated floors and tile bathrooms, for easy upkeep. Sunken large tub - combination of tub/shower. The Foyer has 36 ft high ceiling with skylights. Kitchen has 36 ft high ceiling and a skylight. 2 parking spaces for each unit. Additional lot on the left side that could take a trailer or RV with pull out. Lot has electric plug for the RV and is possible to connect to the existing sewer line. The parking lot was recently refinished. The complex is 5 mi to Cal-Poly , 5-mi to Avila beach, Costco, Target, Home Depot are very close. As you can see these are quality, turn key units with an annual gross income of over $151,000. All 4 units are on annual leases that started mid-August 2024 until mid-August 2025 with options to renew leases. Large lot 11,000 sq ft, view of the mountains from several bedrooms.
Courtesy: Keller Williams Realty Central Coast
Courtesy: Venture Real Estate
Courtesy: Comet Realty
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.
