258 Albert Drive, San Luis Obispo, CA 93405 (MLS # NS25066499)

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PRICE $1,800,000 dsIDX morgage calculator
BEDS 4
BATHS 2
HOME SIZE 1,400 sqft
LOT SIZE 15,464 sqft

Prime 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!

DAYS ON MARKET 5 LAST UPDATED 3/26/2025
TRACT San Luis Obispo(380) YEAR BUILT 1953
COMMUNITY San Luis Obispo GARAGE SPACES 2.0
COUNTY San Luis Obispo STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
School District San Luis Coastal Unified


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Electric Oven, Electric Range, Refrigerator
AREA San Luis Obispo
EXTERIOR Awning(s)
FIREPLACE Yes
GARAGE Garage Faces Side, On Site, Permit Required, Yes
HEAT Central
HOA DUES 0
INTERIOR Built-in Features, Eat-in Kitchen, Living Room Deck Attached
LOT 0.36 acre(s)
LOT DESCRIPTION Garden, Near Public Transit, Yard
PARKING On Site,Permit Required,Garage Faces Side
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Ranch
SUBDIVISION San Luis Obispo(380)
UTILITIES Electricity Available,Natural Gas Available,Sewer Available,Water Available, Electric: Unknown
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
MORTGAGE CALCULATOR
   

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Listed with Oak & Roots Real Estate Group

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