Marketing Remarks: 25 units in San Luis Obispo adjacent to the Cal Poly campus and 1.5 miles from downtown SLO. Two houses and 19 two bedroom units with strong rental upside. 14 units are single story with front and rear doors. Gently sloping 43,200 square foot lot provides many units with mountain views. Parking for 43 cars with 30 carports. Separately metered for gas and electricity, and all units are on month-to-month tenancy. Only 5 units are students. 9.9 Times Gross on current rents, and 7.8 on market rents. Separately metered for gas and electricity.
Multi-familyProperty Type
1934Year Built
0.99 acresLot Size
$895Price/Sq.Ft.
Listed by Guy Torelli•DRE #00666517• Torelli Investment Realty
Bought with Guy Torelli•DRE #00666517• Torelli Investment Realty
Source:CRMLS #SP1042745
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*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-4
SAN LUIS OBISPO PLANNING AREA
SAN LUIS OBISPO SUB AREA NORTH
INLAND AREA
High-Density Residential Zone
The R-4 zone is intended primarily to provide for attached dwellings with common outdoor areas and compact private outdoor spaces, and to accommodate various types of group housing. Further, the R-4 zone intended to allow for dense housing close to concentrations of employment and college enrollment, in the downtown core, along transit corridors and nodes, and in areas largely committed to high-density residential development.
Zone overlays
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Housing-Mobile home park
Park & open space
Property details
Interior
Room Information
# of Rooms: 41
Exterior
Exterior Information
Construction Type: Wood
Building Construction Quality: Poor
Property Information
Subdivision Name: BREED ADD
Living Sq. Ft: 653
Building Sq. Ft: 653
# of Stories: 1
Legal Description: CY SLO BREED ADD PTN LT D & E
Lot Information
# of Buildings: 14
Land Sq. Ft: 43,200
Legal Lot Number: D
Municipality Name: SAN LUIS OBISPO CITY
Acres: 0.9917
Zoning Code: R4
County Use Description: APT 21-50
Utility Information
Utility Type: Electric
Financial
Assessor Information
Assessment Year: 2026
Tax District County: SAN LUIS OBISPO CITY
Tax Area: SAN LUIS OBISPO - CITY
Public facts
Beds: —
Baths: —
Sq. Ft.: 653
Stories: 1.0
Lot Size: 0.99 acres
Style: Multi-Family (5+ Unit)
Year Built: 1934
Year Renovated: —
County: San Luis Obispo County
APN: 052-041-049
Home facts updated by county records on Sep 16, 2026
Around this home
Schools
Bishop's Peak Elementary School
Public K-6 • Assigned • 0.7mi
9/10
Laguna Middle School
Public 7-8 • Assigned • 2.5mi
9/10
San Luis Obispo High School
Public 9-12 • Assigned • 1.5mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 85° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
11 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
San Luis Obispo, CA • 93405
Average low and high temperatures (°F)
67
46
66
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69
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49
68
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70
53
70
54
76
55
75
56
75
53
67
49
67
49
Jan
Feb
Mar
Apr
May
Jun
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Aug
Sep
Oct
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Sun exposure
In this area, properties receive around 10.6 hours in
June and 5 hours in December, placing it above the
U.S. average for solar exposure.