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Rare 4-unit property offered in the heart of San Luis Obispo. Set on a 9,000 square foot lot with two buildings totaling 2,744 square feet. Fully occupied and cash-flowing from day one. The front home at 491 Branch Street is a standalone 872 square foot residence with 2 bedrooms and 1 bathroom, featuring an in-unit washer/dryer and storage in the bathroom, a private patio accessed through a bedroom slider, and a hedge-lined front yard shaded by mature trees. Five on-site parking spaces are accessed via Branch Street, with additional street parking available on both Branch and South streets. Behind the home at 491 Branch Street, three additional units share the interior parking area: 498 Unit C faces the interior parking area and is a two-story 972 square foot, 2-bedroom, 1-bath unit with a downstairs bedroom, full bathroom with washer/dryer, plus an open upstairs bedroom and a living/dining area off the kitchen. Units A and B face South Street and are each 450 square feet, two-story open-loft studios, each with a living area off the kitchen, full bath downstairs, and an open loft bedroom upstairs, fronted by an open grass area off South Street. Hawthorne elementary school sits directly across the street on Branch, close to downtown SLO. Information deemed reliable but not guaranteed.
Property Type(s):
Single Family
| Last Updated | 8/13/2026 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1990 | Community | SLO - San Luis Obispo |
| County | San Luis Obispo |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Gas Range, Gas Water Heater, Refrigerator |
| AREA | SLO - San Luis Obispo |
| HEAT | Wall Furnace |
| LOT | 8999 sq ft |
| LOT DIMENSIONS | 9000 |
| PARKING | On Site, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | One, Two |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with BHGRE HAVEN PROPERTIES
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 2026.
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