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.
The median home value in San Luis Obispo, CA is $932,400. This is higher than the county median home value of $812,000. The national median home value is $338,100. The average price of homes sold in San Luis Obispo, CA is $932,400. Approximately 35.79% of San Luis Obispo homes are owned, compared to 54.72% rented, while 9.5% are vacant. San Luis Obispo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a San Luis Obispo real estate agent to arrange a tour today!
San Luis Obispo, California 93401 has a population of 47,257. San Luis Obispo 93401 is less family-centric than the surrounding county with 16.37% 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 93401 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 93401 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.