NOT LISTED FOR SALE
12 Beds
-- Bath
13,065 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: January 2, 2026

Last sale price $3,728,600 $285 Per Sq Ft

71 Days on Market

Highlights

  • City Lights View
  • Dual Staircase
  • High Ceiling
  • Bishop's Peak Elementary School Rated A
  • Bamboo Flooring
  • Stone Countertops

About This Home

As of January 2026

Price Improvement! 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.

Last Agent to Sell the Property

Liz Lee

Triad Real Estate Group Brokerage Phone: 805-459-1787 License #02081077 Listed on: 09/11/2025

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2010

Lot Details

  • 13,065 Sq Ft Lot
  • Wood Fence
  • Fence is in fair condition
  • Drip System Landscaping
  • Back Yard
  • Density is 6-10 Units/Acre
  • Property is zoned R3

Parking

  • 1 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Off-Street Parking

Property Views

  • City Lights
  • Mountain
  • Hills
  • Neighborhood

Home Design

  • Cottage
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Metal Roof
  • Wood Siding
  • Fiberglass Siding

Interior Spaces

  • 13,065 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • High Ceiling
  • Double Pane Windows
  • Blinds
  • Wood Frame Window
  • Window Screens
  • Entryway
  • Living Room

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • Mirrored Closets Doors
  • Unit 1 Bathroom: 0

Laundry

  • Laundry in Garage
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 22 / 3
  • Assessor Parcel Number 003563025
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • San Luis Obispo Subdivision
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 2010

Lot Details

0.3 Acres

Parking

1

Listing Details

  • Assessments: No
  • Professional Management Expense: 12600.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 003563025
  • Year Built: 2010
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, High Ceilings, Stone Counters
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Bamboo, Carpet, Concrete, Vinyl
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 285.39
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room
  • Window Features: Blinds, Double Pane Windows, Screens, Wood Frames

Exterior Features

  • Foundation: Raised, Slab
  • Exterior Features: Lighting
  • View: City Lights, Hills, Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Fair Condition, Wood
  • Pool Private: No
  • Roof: Metal
  • Spa: No
  • Construction Materials: Drywall Walls, Fiberglass Siding, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Paved, Garage Faces Front, Garage - Single Door, Garage Door Opener, Off Street, On Site
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Oven, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Heating Type: Electric, Forced Air
  • Laundry Features: Electric Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 520.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Foothills, Hiking, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Landscaped, Sprinklers Drip System
  • Lot Size Sq Ft: 13065.00
  • Lot Size Acres: 0.2999

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 266000.00
  • Insurance Expense: 6800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 13065.0000 Square Feet
  • Net Operating Income: 181000.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 85000.00
  • Rent Control: No
  • Total Expenses: 85000.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 110.02
  • Tax Lot: 22

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2025
Closed on
Dec 5, 2025
Sold by
Bought by
Seller's Agent
Liz Lee
Triad Real Estate Group
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$4,000,000
Sold Price
$3,728,600
Premium/Discount to List
-$271,400
-6.78%
Views
37

Purchase Details

Closed on
Mar 14, 2014
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,729,000 Placer Title
-- First American Title Company
$1,100,000 Cuesta Title
$375,000 Cuesta Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,119,000
Previous Owner $825,000
Previous Owner $244,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 Sold $3,728,600 -4.4% $285 / Sq Ft
10/21/2025 10/21/25 Price Changed $3,900,000 -2.5% $299 / Sq Ft
09/11/2025 09/11/25 For Sale $4,000,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,510 $3,738,870 $1,195,209 $2,543,661
2024 $39,778 $3,665,560 $1,171,774 $2,493,786
2023 $39,778 $3,593,688 $1,148,799 $2,444,889
2022 $37,285 $3,523,224 $1,126,274 $2,396,950
2021 $36,692 $3,454,142 $1,104,191 $2,349,951
2020 $36,315 $3,418,725 $1,092,869 $2,325,856
2019 $35,939 $3,351,692 $1,071,441 $2,280,251
2018 $35,234 $3,285,974 $1,050,433 $2,235,541
2017 $34,543 $3,221,544 $1,029,837 $2,191,707
2016 $33,866 $3,158,378 $1,009,645 $2,148,733
2015 $21,807 $2,034,233 $997,794 $1,036,439
2014 $20,024 $1,994,386 $978,249 $1,016,137
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25199710

California Regional Multiple Listing Service (CRMLS)
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