Price Improvement! One-of-a-kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single-family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.
For sale
Listing Provided by:
Elizabeth Lee DRE #02081077 805-459-1787,
Triad Real Estate Group
$4,250,000
1771 Johnson Ave, San Luis Obispo, CA 93401
--beds
--baths
13,065sqft
Est.:
Multi Family
Built in 2010
-- sqft lot
$-- Zestimate®
$325/sqft
$-- HOA
What's special
Mature landscapingAttached single car garagesPersonal backyardAbundance of natural lightOriginal bamboo flooringStandalone single family cottagesHigh ceilings
- 254 days
- on Zillow |
- 630 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 01:38pm
Listing Provided by:
Elizabeth Lee DRE #02081077 805-459-1787,
Triad Real Estate Group
Source: CRMLS,MLS#: SC24231583
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Rooms
- Room types: Bedroom, Entry/Foyer, Kitchen, Living Room
Heating
- Electric, Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater
- Laundry: Washer Hookup, Electric Dryer Hookup, In Garage
Features
- Multiple Staircases, Stone Counters, All Bedrooms Up
- Flooring: Bamboo, Carpet, Concrete, Vinyl
- Doors: Mirrored Closet Door(s)
- Windows: Blinds, Double Pane Windows, Screens, Wood Frames
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 13,065
- Total interior livable area: 13,065 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage, On Site, Off Street
- Garage spaces: 1
- Uncovered spaces: 1
Features
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: Fair Condition,Wood
- Has view: Yes
- View description: City Lights, Hills, Mountain(s), Neighborhood
Lot
- Size: 0.3 Acres
- Features: 6-10 Units/Acre, Back Yard, Drip Irrigation/Bubblers
Details
- Parcel number: 003563025
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Multi Family
Materials
- Drywall, Fiberglass Siding, Wood Siding
- Foundation: Raised, Slab
- Roof: Metal
Condition
- Turnkey
- New construction: No
- Year built: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Foothills, Hiking, Park, Street Lights, Sidewalks
- Security: Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector(s)
- Subdivision: San Luis Obispo(380)
Location
- Region: San Luis Obispo
Financial & listing details
- Price per square foot: $325/sqft
- Date on market: 11/19/2024
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Total actual rent: 17515
- Tenant pays: All Utilities
- Road surface type: Paved
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