
San Luis Obispo, California 93405
This Turnkey Student Housing Asset is listed at $1,045,000, which is positioned above the $900,928 Fair Market Value. While the property commands a premium, its Turnkey Condition Rating and proven history of generating $5,000/mo in rental income provide immediate cash flow stability. Featuring an updated kitchen and luxury vinyl plank flooring, the home is optimized for high-demand student occupancy near Cal Poly. Its cul-de-sac location and outdoor deck enhance tenant appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Cal Poly Parents seeking a strategic, income-producing investment.
Property is move-in ready.
Although built in 1941, the property is in turnkey condition with a clear 5-15 year renovation profile. The kitchen is updated with stainless steel appliances, farmhouse sink, and stone counters, complemented by modern luxury vinyl plank flooring throughout. The presence of a window AC unit suggests older HVAC systems, but the overall interior is well-maintained and move-in ready.
Ideally situated on a cul-de-sac just minutes from Cal Poly and downtown San Luis Obispo, ensuring high demand and low vacancy rates for student housing.
The property is move-in ready with durable luxury vinyl plank flooring and an updated kitchen, specifically optimized to accommodate 5 to 6 students for immediate cash flow.
With a historical rental income of $5,000 per month, this property offers a demonstrated and attractive return on investment for parents or seasoned investors.
At a listing price of $1,045,000 for 992 square feet, the property commands a significant premium of over $1,000 per square foot, which may impact overall valuation.
The compact 992-square-foot interior may feel crowded when housing the suggested 5 to 6 occupants, potentially limiting long-term tenant comfort and privacy.
Calling Cal Poly Parents and Investors! A turnkey student housing opportunity in an established San Luis Obispo neighborhood, ideally located minutes to Cal Poly and downtown. Designed to accommodate approx. 5 to 6 students, this mid-century home offers a ready-to-go option for buyers seeking a property with student rental potential. Property previously rented for $5,000/mo. The open-concept living, dining, and kitchen areas create a central gathering space, complemented by durable luxury vinyl plank flooring throughout the main living areas. The updated kitchen pairs vintage character with modern function, featuring stainless steel appliances, a gas range, dishwasher, farmhouse sink, generous cabinetry, and breakfast bar. French doors open to an outdoor deck shaded by mature trees, extending the living space outdoors and creating a natural spot to gather, study, or unwind. The home's flexible layout includes three bedrooms, two bathrooms, additional storage spaces, and convenient attic access. A single-car garage with laundry area and utility sink adds practical functionality. Set on a cul-de-sac in a sought-after San Luis Obispo location near the university, downtown, shopping, dining, and parks, this property offers an opportunity to combine a convenient location with student housing/rental strategy and the appeal of California indoor-outdoor living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.1 |
| Baths | 0.0 | 3.0 |
| Square foot | 992 | 1,906.09 |
| Lot Size | 3,675 | 6,523.766 |
| Price | $1.04M | $1.28M |
| Price per sq ft | $1.1K | $683 |
| Built year | 1941 | 1986 |
| HOA | $0 | $86 |
| Days on market | 10 | 49 |
Oct 14, 2026
$1,045,000
Initial Listing
Feb 28, 2013
$450,000
Public Record
Aug 29, 2006
$549,000
Public Record
Mar 2, 2001
$288,000
Public Record
Jul 13, 1999
$199,000
Public Record