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389 Pismo Street

San Luis Obispo, CA 93401
  • $1,099,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: SC25046885
$1,099,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Hal Sweasey of Keller Williams Realty Central Coast (805-773-7777)


Description

This property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. The charming 2-bedroom, 1-bath main house showcases classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units"buyers should check with the city regarding development options. Located in the highly desirable downtown San Luis Obispo area, this property is an exceptional opportunity for investors, developers, or homeowners looking to maximize value. Don't miss out on this rare find!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-16T00:26:55.377. 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 | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/161054247
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389 Pismo Street San Luis Obispo, CA 93401

  • Price: $1,099,000
  • Status: Active
  • On Site: 12 Days
  • ID#: SC25046885
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1929
Built
Neighborhood:
San Luis Obispo(380)
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
Property Description
This property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. The charming 2-bedroom, 1-bath main house showcases classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units"buyers should check with the city regarding development options. Located in the highly desirable downtown San Luis Obispo area, this property is an exceptional opportunity for investors, developers, or homeowners looking to maximize value. Don't miss out on this rare find!
Exterior Features

Carport YN Yes Entry Level 1 Entry Location 1 Lot Features Back YardFront Yard Number Of Separate Electric Meters 0 Parking Features CarportDrivewayGarage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No View HillsNeighborhood View YN Yes

Interior Features

Appliances Electric OvenElectric Range Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring CarpetTileWood Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(s)Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 21600 Gross Scheduled Income 21600 Insurance Expense 0 Land Lease YN No Laundry Features In Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing Loan Net Operating Income 21600 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 0 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-16T00:26:55.377. 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 | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Hal Sweasey of Keller Williams Realty Central Coast (805-773-7777)