258 Albert Dr San Luis Obispo, CA 93405
Alta Vista Neighborhood
4
Beds
2
Baths
1,400
Sq Ft
0.36
Acres
Highlights
- Property is near public transit
- Wood Flooring
- Sun or Florida Room
- Bishop's Peak Elementary School Rated A
- Living Room with Attached Deck
- Private Yard
About This Home
As of May 2025Prime 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!
Last Agent to Sell the Property
Oak & Roots Real Estate Group Brokerage Phone: 805-769-9077 License #01847871 Listed on: 03/26/2025
Last Buyer's Agent
Oak & Roots Real Estate Group Brokerage Phone: 805-769-9077 License #01847871 Listed on: 03/26/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $965
Year Built
- Built in 1953
Lot Details
- 0.36 Acre Lot
- Wood Fence
- Chain Link Fence
- Private Yard
- Garden
Parking
- 2 Car Attached Garage
- Parking Available
- Side Facing Garage
- Parking Permit Required
Home Design
- Turnkey
- Raised Foundation
- Composition Roof
Interior Spaces
- 1,400 Sq Ft Home
- 1-Story Property
- Built-In Features
- Awning
- Window Screens
- French Doors
- Sliding Doors
- Family Room with Fireplace
- Living Room with Attached Deck
- Sun or Florida Room
- Neighborhood Views
- Laundry Room
Kitchen
- Eat-In Kitchen
- Electric Oven
- Electric Range
- Dishwasher
- Tile Countertops
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Low Flow Toliet
- Bathtub with Shower
- Low Flow Shower
Accessible Home Design
- Doors swing in
Outdoor Features
- Patio
- Exterior Lighting
- Outbuilding
Location
- Property is near public transit
- Suburban Location
Utilities
- Central Heating
- Source of electricity is unknown
Listing and Financial Details
- Assessor Parcel Number 052321021
Community Details
Overview
- No Home Owners Association
- San Luis Obispo Subdivision
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 26, 2025
Closed on
Apr 8, 2025
Sold by
William H Leverich Family Trust and Schryver Shayna S
Bought by
Rick And Teri Gambril 2003 Revocable Trust and Gambril
Seller's Agent
Cody Wilcoxson
Oak & Roots Real Estate Group
Buyer's Agent
Cody Wilcoxson
Oak & Roots Real Estate Group
List Price
$1,800,000
Sold Price
$1,875,000
Premium/Discount to List
$75,000
4.17%
Total Days on Market
6
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-71.96%
Purchase Details
Closed on
Apr 5, 2000
Sold by
Leverich William H and Leverich Marilyn M
Bought by
Leverich William H and Leverich Marilyn M
Similar Homes in San Luis Obispo, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,875,000 | First American Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Sold | $1,875,000 | +4.2% | $1,339 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | For Sale | $1,800,000 | -- | $1,286 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $965 | $96,074 | $30,544 | $65,530 |
| 2023 | $965 | $94,192 | $29,946 | $64,246 |
| 2022 | $903 | $92,346 | $29,359 | $62,987 |
| 2021 | $932 | $90,536 | $28,784 | $61,752 |
| 2020 | $878 | $89,608 | $28,489 | $61,119 |
| 2019 | $867 | $87,852 | $27,931 | $59,921 |
| 2018 | $848 | $86,131 | $27,384 | $58,747 |
| 2017 | $830 | $84,444 | $26,848 | $57,596 |
| 2016 | $813 | $82,789 | $26,322 | $56,467 |
| 2015 | $799 | $81,546 | $25,927 | $55,619 |
| 2014 | $732 | $79,950 | $25,420 | $54,530 |
Source: Public Records
Agents Affiliated with this Home
-
Cody Wilcoxson
Seller's Agent in 2025
Cody Wilcoxson
Oak & Roots Real Estate Group
(805) 748-2477
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NS25066499
APN: 052-321-021
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