Listed By:
Levi Seligman with Acquire Mortgage & Real Estate;
3249 Broad Street, San Luis Obispo, CA
$ 2,420,000
Property Attributes
  • MLS#SC23138279
  • TypeCommercial
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • Zip93401
  • StyleMulti Family
  • Price$ 2,420,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage20106
  • 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
7/27/2023 Listed $2,650,000
9/7/2023 9% - $2,420,000

General Features

Building Area Units Square Feet
City San Luis Obispo
Community Features 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 to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet 37234
MLS Area SLO - San Luis Obispo
Occupancy Description Vacant
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name Broad
Total Units 38
Virtual Tour
Virtual Tour

Interior Features

Entry Level 1
Laundry Features Common Area
Street Suffix Street
Total Stories 3

Exterior Features

Buyer Agent Compensation 2.500
Buyer Agent Compensation Type %
Building Area Total 20106
Lot Features 36-40 Units/Acre, Gentle Sloping, Near Park, Value In Land, Walkstreet
Lot Size Acres 0.8548
Lot Size Area 37234
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
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 Commercial Average in 93401

AVG $690K
AVG 56
Data Provided by Inside Real Estate®