Listed By:
Levi Seligman with Acquire Mortgage & Real Estate;
3249 Broad Street, San Luis Obispo, CA
$ 2,420,000
Property Attributes
  • MLS#SC23131161
  • TypeLand
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • NeighborhoodSan Luis Obispo
  • Zip93401
  • Style
  • Price$ 2,420,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.854775 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Unique opportunity to acquire a 38-unit multifamily project with 5 units allowed for short-term / hotel use. Located in the burgeoning Broad Street corridor, the project has approved building permits that are ready to pull. This allows the buyer to expedite over 3+ years of city planning and start the project immediately after close of escrow. Market value rent growth in San Luis Obispo continues to climb due to a shortage of housing options. Smaller, single occupancy units are especially in high demand and regularly see many applicants when one hits the market. Reap the benefit of the highest per square foot rents in these studios and one bedrooms. Full plan set and proforma profit and loss available upon request.

Price History
7/17/2023 Listed $2,650,000
9/7/2023 9% - $2,420,000

General Features

City San Luis Obispo
Community Features Biking, Curbs, Dog Park, Foothills, Golf, Gutter(s), Hiking, Lake, Mountainous, Preserve/Public Land, Storm Drain(s), Street Lights, Suburban, Sidewalks, Park
County San Luis Obispo
Directions Head North on Broad from Downtown SLO. On the right past Orcutt stop light
Listing Agent Levi Seligman - BRE#01936432
Listing Agent State License 01936432
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet 37234
MLS Area SLO - San Luis Obispo
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name Broad
Subdivision Name San Luis Obispo(380)
Tax Lot 20
View City Lights, Hills, Mountain(s), Neighborhood, Creek/Stream
View Y/N Yes
Virtual Tour
Virtual Tour
Zoning CR

Interior Features

Street Suffix Street

Exterior Features

Buyer Agent Compensation 2.500
Buyer Agent Compensation Type %
Lot Features 36-40 Units/Acre, Near Park
Lot Size Acres 0.8548
Lot Size Area 37234
Lot Size Source Assessor
Lot Size Units Square Feet
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 93401

AVG $3.22M
AVG 88
Data Provided by Inside Real Estate®