San Luis Obispo, CA Multifamily Home for Sale

Downtown San Luis Obispo captivates residents with its historic Mission San Luis Obispo de Tolosa, founded in 1772, alongside unique shops and art galleries. The famous Thursday Night Farmers' Market transforms Higuera Street into a lively gathering spot with local produce, live music, and entertainment. Outdoor recreation surrounds the city with over 50 miles of hiking trails, including Bishop Peak and Islay Hill, which provide panoramic views. The Edna Valley wine region sits just minutes from downtown, while beaches like Avila and Pismo are within a 15-minute drive.

The San Luis Obispo housing market currently lists 100 homes for sale, ranging from $565,000 to $4,988,000. The median sale price stands at $1,059,000 citywide. Single-family homes command a median price of $1,250,000, with notable variations by neighborhood. Downtown San Luis Obispo leads with a median of $1,445,000 for single-family homes, while the Madonna area presents more affordable options at $899,000. Townhomes show a median price of $910,000, while condos range from $499,000 for one bedroom to $675,000 for two bedrooms.

Property taxes in San Luis Obispo County maintain a 0.7% effective rate, comparable to nearby Paso Robles but slightly higher than Santa Barbara County's 0.66%. The combined sales tax rate reaches 8.80%, including the 7.25% California state rate and 1.55% local rate.

The city's educational landscape includes California Polytechnic State University and highly rated public schools. Bishop's Peak Elementary and Laguna Middle School both earned A ratings from Niche, while Mission College Preparatory Catholic High School achieved an A+ rating. SLO Transit provides public bus service throughout the city, complemented by Amtrak connections and the San Luis Obispo County Regional Airport offering daily flights to major cities.