Property Details
About this Property
Very rare investment opportunity in downtown San Luis obispo. Historically operated as a boutique motel in a prime location just a few short blocks away from restaurants, shopping, theaters, city services and all downtown has to offer. This property consists of a total of thirteen standalone units including a 2 bedroom home with two car garage and twelve separate cottages. The individual furnished cottages consist of eight 1 bedroom units and four studios. This unique corner lot of almost 1/2 acre offers residents very close proximity to all of the downtown amenities and Cal Poly along with the onsite conveniences of a separate laundry facility and designated parking. The current below market rents present a huge short term upside opportunity for any experienced investor. Additionally, the long term redevelopment potential of this property would be highly desirable to any opportunistic investor or developer. The new owners can choose to operate this asset as either a motel, Airbnb, long term rental or combination thereof, laying the foundation for the ultimate operational flexibility in maximizing cash flow while they plan for the future redevelopment. Don't let this once in a lifetime investment opportunity slip through your fingers as these types of properties do not come avai
MLS Listing Information
MLS #
CRPI25097884
MLS Source
California Regional MLS
Days on Site
10
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Common Parking Area, Garage, Garage: 2 Car(s)
Contact Information
Listing Agent
Erica Hinojosa
Berkshire Hathaway Home Servic
License #: 01987938
Phone: (805) 556-3100
Co-Listing Agent
Bryan Friedman
License #: 00883991
Phone: (805) 556-3100
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 13 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
652 Morro St is a Residential Income in San Luis Obispo, CA 93401. This – square foot property sits on a 21,750 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,200,000 and was built in 1948. This address can also be written as 652 Morro St, San Luis Obispo, CA 93401.
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This listing information is up-to-date as of May 04, 2025. For the most current information, please contact Erica Hinojosa, (805) 556-3100
