$1,700,000
SOLD JUN 30, 2025

1247 Murray Ave San Luis Obispo, CA 93405

Santa Rosa Neighborhood
6 Beds
6 Baths
3,525 Sq Ft
6,451 Sq Ft Lot

Recently Sold

$482 Per Sq Ft

6% Below List Price

4 Days on Market

Highlights

  • City Lights View
  • Dual Staircase
  • No HOA
  • Bishop's Peak Elementary School Rated A
  • Main Floor Bedroom
  • 2-minute walk to Santa Rosa Park

About This Home

As of June 2025

Welcome to 1247 Murray Street, a 6-unit multifamily property ideally located in the heart of San Luis Obispo. Each unit offers 1 bedroom and 1 bathroom, making this an attractive and highly rentable property for students, healthcare professionals, and working individuals.
This turnkey investment is situated just minutes from Cal Poly University, Sierra Vista Regional Medical Center, and the vibrant downtown SLO corridor. Tenants will enjoy the convenience of nearby shops, restaurants, parks, and public transportation—adding to the strong rental demand in this sought-after area.
Whether you’re a seasoned investor or entering the multifamily market, 1247 Murray Street presents a rare opportunity to own a stable income-producing property in one of California’s most desirable coastal communities. Don’t miss your chance to own a multifamily gem in beautiful San Luis Obispo.

Last Agent to Sell the Property

Andrew Richardson

Richardson Sotheby's International Realty Brokerage Email: andrew@richardsonproperties.com License #01872187 Listed on: 05/12/2025

Richardson Sotheby's International Realty

Co-Listed By

Charles Richardson

Richardson Sotheby's International Realty Brokerage Email: andrew@richardsonproperties.com License #00416661

Last Buyer's Agent

Andrew Richardson

Richardson Sotheby's International Realty Brokerage Email: andrew@richardsonproperties.com License #01872187 Listed on: 05/12/2025

Richardson Sotheby's International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1973

Lot Details

  • No Common Walls
  • Wood Fence
  • Level Lot

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Asphalt

Interior Spaces

  • 3,525 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Ceiling Fan
  • Living Room
  • Storage
  • Laundry Room
  • Vinyl Flooring

Kitchen

  • Electric Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 6 Bathrooms

Home Security

Parking

  • Parking Available
  • Driveway
  • Paved Parking
  • On-Site Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 18
  • Assessor Parcel Number 001041002
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • San Luis Obispo Subdivision

Recreation

  • Park
  • Bike Trail

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $46,788
  • Gross Income $93,576
  • Net Operating Income $93,576

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 299833
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: R3
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 001041002
  • Year Built: 1973
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony, Ceiling Fan(s), Storage
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 482.27
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom

Exterior Features

  • Foundation: Slab
  • View: City Lights, Hills, Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Asphalt

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Asphalt, Paved, On Site

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop, Disposal, Refrigerator, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 6450.00
  • Lot Size Acres: 0.1481

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 93576.00
  • Gross Scheduled Income: 133680.00
  • Laundry Income: 262.00
  • Lot Size Area: 6450.0000 Square Feet
  • Net Operating Income: 93576.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 40155.00
  • Rent Control: No
  • Total Expenses: 46788.00

Tax Info

  • Tax Census Tract: 109.02
  • Tax Lot: 18

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $1,700,000 -5.5% $482 / Sq Ft
05/16/2025 05/16/25 Pending -- -- --
05/12/2025 05/12/25 For Sale $1,799,000 +19.9% $510 / Sq Ft
09/29/2017 09/29/17 Sold $1,500,000 -11.7% $426 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
07/26/2017 07/26/17 For Sale $1,699,000 +99.9% $482 / Sq Ft
10/24/2012 10/24/12 Sold $850,000 -8.1% $241 / Sq Ft
09/14/2012 09/14/12 Pending -- -- --
08/21/2012 08/21/12 For Sale $925,000 -- $262 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Richardson

    Seller's Agent in 2025

    Andrew Richardson

    Richardson Sotheby's International Realty

    (805) 781-6040

    1 in this area

    70 Total Sales

    Andrew Richardson
    Section Image
  • Charles Richardson

    Seller Co-Listing Agent in 2025

    Charles Richardson

    Richardson Sotheby's International Realty

    (805) 440-1260

    1 in this area

    18 Total Sales

    Charles Richardson
    Section Image
  • Chris Strand

    Seller's Agent in 2017

    Chris Strand

    Holland Strand Real Estate

    (805) 440-1799

    51 Total Sales

    Chris Strand
    Section Image
  • Brooke Sutton

    Buyer's Agent in 2017

    Brooke Sutton

    Richardson Sotheby's International Realty

    (805) 781-6040

    90 Total Sales

    Brooke Sutton
    Section Image
  • Kevin King

    Seller's Agent in 2012

    Kevin King

    King Properties

    (805) 801-0176

    5 Total Sales

    Kevin King
    Section Image

  • R

    Buyer's Agent in 2012

    Ronn Schmitt

    Schmitt Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25103615

California Regional Multiple Listing Service (CRMLS)
California San Luis Obispo County San Luis Obispo 93405 Santa Rosa

1247 Murray Ave, San Luis Obispo, CA

This home is located at 1247 Murray Ave, San Luis Obispo, CA 93405 and is currently priced at $1,700,000, approximately $482 per square foot. This property was built in 1973. 1247 Murray Ave is a home located in San Luis Obispo County with nearby schools including Bishop's Peak Elementary School, Laguna Middle School, and San Luis Obispo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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