Rare opportunity to obtain an income property located just five minutes’ walking distance to Cal Poly University! The property includes two units: a 2-bedroom (ability to create a 3rd bedroom), 1.5-bath main residence with indoor laundry, plus a detached turnkey studio. The premium location delivers breathtaking views of Madonna Mountain and Bishop Peak, making it highly desirable for tenants and future growth. A huge bonus is the detached 2 car garage and large driveways for on site parking in addition to the street side parking. Cash flow potential from dual units, plus potential opportunities for additional unit development on the large lot. Situated in the heart of San Luis Obispo, you’re only a short drive to pristine Central Coast beaches and less than 30 minutes to the award-winning Paso Robles wine country. A unique chance to secure rental income and strong potential appreciation in one of California’s most sought-after university towns.
MLS #
CRPI25191231
MLS Source
California Regional MLS
Bedrooms
Ground Floor Bedroom, Primary Suite/Retreat
Fireplace
Family Room
Laundry
In Kitchen
Cooling
None
Foundation
Raised
Pool
None
Garage/Parking
Attached Garage, Off-Site Parking, Other, Parking Restrictions, Garage: 2 Car(s)
Elementary District
Lucia Mar Unified
High School District
Lucia Mar Unified
HOA Fee
$0
Zoning
R1
250 Kentucky St is a Single Family Residence in San Luis Obispo, CA 93405. This 1,500 square foot property sits on a 8,543 Sq Ft Lot and features 3 bedrooms & 2 full and 1 partial bathrooms. It is currently priced at $1,610,000 and was built in 1950.
This address can also be written as 250 Kentucky St, San Luis Obispo, CA 93405.©2025 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of September 09, 2025. For the most current information, please contact Robert Mcconaghy, (805) 321-6554