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165 Cerro Romauldo Avenue

San Luis Obispo, CA 93405
  • $1,188,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: SC25253370
$1,188,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

Listing Agent(s): Kristin Lachemann of Comet Realty (805-546-9925)


Description

Unique income-producing property in beautiful San Luis Obispo! This versatile property includes two completely separate units, ideal for investment, multi-generational living, or owner-occupancy with rental income.**Front Unit " 165 Cerro Romauldo (Approx. 420 sq. ft., 1 Bed / 1 Bath)-Fully renovated in 2022 with new plumbing, electrical, and interior finishes-Updated kitchen with newer appliances; washer, dryer and refrigerator included-New roof and replaced sewer lateral. *Private fenced yard and single-car carport**Back Unit " 167 Cerro Romauldo (Approx. 1,000 sq. ft., 3 Beds / 1 Bath)-Newly constructed ADU with private entrance-Owned solar panels, 9' ceilings, and air conditioning-Low-maintenance, drought-tolerant landscaping*Investment Highlights-Both units leased through June 2026 for a combined $6,000/month (165: $2,200 | 167: $3,800)-Excellent opportunity for steady rental income or future owner occupancyThis property is offered AS-IS. Conveniently located near downtown SLO, parks, and Cal Poly. Dont miss this outstanding investment opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169766837
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165 Cerro Romauldo Avenue San Luis Obispo, CA 93405

  • Price: $1,188,000
  • Status: Active
  • On Site: 32 Days
  • ID#: SC25253370
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1935
Built
Neighborhood:
San Luis Obispo(380)
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
Property Description
Unique income-producing property in beautiful San Luis Obispo! This versatile property includes two completely separate units, ideal for investment, multi-generational living, or owner-occupancy with rental income.**Front Unit " 165 Cerro Romauldo (Approx. 420 sq. ft., 1 Bed / 1 Bath)-Fully renovated in 2022 with new plumbing, electrical, and interior finishes-Updated kitchen with newer appliances; washer, dryer and refrigerator included-New roof and replaced sewer lateral. *Private fenced yard and single-car carport**Back Unit " 167 Cerro Romauldo (Approx. 1,000 sq. ft., 3 Beds / 1 Bath)-Newly constructed ADU with private entrance-Owned solar panels, 9' ceilings, and air conditioning-Low-maintenance, drought-tolerant landscaping*Investment Highlights-Both units leased through June 2026 for a combined $6,000/month (165: $2,200 | 167: $3,800)-Excellent opportunity for steady rental income or future owner occupancyThis property is offered AS-IS. Conveniently located near downtown SLO, parks, and Cal Poly. Dont miss this outstanding investment opportunity!
Exterior Features

Carport YN Yes Construction Materials CedarCement SidingDrywallDucts Professionally Air-SealedGlassHardiPlank TypeLap SidingConcreteRadiant Barrier Entry Level 1 Entry Location 1 Fencing Excellent ConditionNew ConditionWood Foundation Details RaisedSlab Lot Features 0-1 Unit/AcreFront YardNear ParkRectangular LotStreet Level Number Of Separate Electric Meters 1 Other Structures Two On A Lot Parking Features Carport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Roof Composition View Mountain(s) View YN Yes

Interior Features

Accessibility Features No StairsAccessible Doors Appliances ENERGY STAR Qualified AppliancesENERGY STAR Qualified Water HeaterExhaust FanElectric OvenElectric RangeElectric Water HeaterFree-Standing RangeRefrigeratorTankless Water HeaterWater To RefrigeratorWater Heater Common Walls No Common Walls Cooling Central AirElectricENERGY STAR Qualified EquipmentHeat PumpZoned Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Heating ElectricENERGY STAR Qualified EquipmentHeat PumpSolar Heating YN Yes Interior Features Ceiling Fan(s)High CeilingsOpen FloorplanRecessed LightingUnfurnishedAll Bedrooms DownGalley Kitchen

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsGutter(s)HikingStorm Drain(s)Street LightsSuburbanSidewalksPark Electric Electricity - On Property220 Volts in Kitchen220 Volts in LaundryPhotovoltaics on GridPhotovoltaics Seller Owned220 Volts Electric Expense 0 Fuel Expense 0 Garage YN No Green Energy Efficient ConstructionHVACLightingThermostatWindowsAppliancesWater Heater Green Energy Generation Solar Green Water Conservation Low-Flow Fixtures Gross Income 6000 Gross Scheduled Income 6000 Inclusions Washer/dryerRefrigerator Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer HookupInsideSee RemarksStacked Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 0 Property Condition Additions/AlterationsUpdated/Remodeled Property Sub Type Single Family Residence Rent Control YN No Security Features Carbon Monoxide Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 6000 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone Not AvailableSewer ConnectedUnderground UtilitiesWater ConnectedOverhead Utilities Water Sewer Expense 0 Water Source Public Zoning R1



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Kristin Lachemann of Comet Realty (805-546-9925)