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Prime investment opportunity only steps from Cal Poly. Unlock exceptional potential with this rare investment property, ideally situated just half a block from Cal Poly! This well-located residence offers immediate rental income and significant future development possibilities.Unbeatable Location. Enjoy the convenience of being mere steps from the vibrant Cal Poly campus, ensuring consistent tenant demand and premium rental rates.The existing residence is a comfortable and functional 4 bedroom, 2 bath home currently generating steady rental income. Junior ADU and ADU Potential. With over 1/3 acre lot, this property boasts ample lot space, presenting a fantastic opportunity to construct an Accessory Dwelling Unit (ADU). Capitalize on the high demand for student housing and increase your rental income significantly. San Luis Obispo's robust rental market, driven by Cuesta/Cal Poly's student population, ensures low vacancy rates and excellent returns.Within this desireable neighborhood, you can benefit from the property's proximity to campus amenities, shops, restaurants, and public transportation, making it highly attractive to students and renters alike. San Luis Obispo's real estate market continues to appreciate, making this property a sound long-term investment.Don't miss out on this exceptional opportunity to own a prime investment property in one of California's most desirable locations. Schedule a showing today and explore the endless possibilities this property has to offer!
Property Type(s):
Single Family
| Last Updated | 3/26/2025 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1953 | Community | San Luis Obispo |
| Garage Spaces | 2.0 | County | San Luis Obispo |
SCHOOLS
| School District | San Luis Coastal Unified |
|---|
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Electric Oven, Electric Range, Refrigerator |
| AREA | San Luis Obispo |
| EXTERIOR | Awning(s) |
| FIREPLACE | Yes |
| GARAGE | Garage Faces Side, On Site, Permit Required, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | Built-in Features, Eat-in Kitchen, Living Room Deck Attached |
| LOT | 0.36 acre(s) |
| LOT DESCRIPTION | Garden, Near Public Transit, Yard |
| PARKING | On Site,Permit Required,Garage Faces Side |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Available,Water Available, Electric: Unknown |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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Listed with Oak & Roots Real Estate Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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