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Valerie Leuba

valerie@myhousingwizard.com +1(510) 990-2505

Listed by Cody Wilcoxson • Oak & Roots Real Estate Group

$ 1,800,000

Est. payment -/mo

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Pending

258 Albert Drive San Luis Obispo, CA 93405

4 Beds

2 Baths

1,400 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $1,285

MLS Listing ID CRNS25066499

Bedrooms 4

Full Baths 1

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1953

Lot Size 0.355 Acres

Property Sub-Type Detached

Property Description

Prime investment opportunity only steps from Cal Poly. Unlock exceptional potential with this rare investment property, ideally situated just half a block from Cal Poly! This well-located residence offers immediate rental income and significant future development possibilities. Unbeatable Location. Enjoy the convenience of being mere steps from the vibrant Cal Poly campus, ensuring consistent tenant demand and premium rental rates. The existing residence is a comfortable and functional 4 bedroom, 2 bath home currently generating steady rental income. Junior ADU and ADU Potential. With over 1/3 acre lot, this property boasts ample lot space, presenting a fantastic opportunity to construct an Accessory Dwelling Unit (ADU). Capitalize on the high demand for student housing and increase your rental income significantly. San Luis Obispo's robust rental market, driven by Cuesta/Cal Poly's student population, ensures low vacancy rates and excellent returns. Within this desireable neighborhood, you can benefit from the property's proximity to campus amenities, shops, restaurants, and public transportation, making it highly attractive to students and renters alike. San Luis Obispo's real estate market continues to appreciate, making this property a sound long-term investment. Don't miss o

Location

State CA

County San Luis Obispo

Interior

Heating Central

Cooling None

Flooring Vinyl, Wood

Fireplaces Type Family Room

Fireplace Yes

Window Features Screens

Appliance Dishwasher, Electric Range, Refrigerator

Laundry Inside

Exterior

Garage Spaces 2.0

Pool None

View Other

Handicap Access Other

Private Pool false

Building

Lot Description Other, Street Light(s)

Story 1

Foundation Raised

Water Public

Architectural Style Ranch

Schools

School District San Luis Coastal Unified

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Valerie Leuba

Realtor/Broker Associate | License ID: CA 01352071

+1(510) 990-2505

Valerie Leuba

258 Albert Drive San Luis Obispo, CA 93405

Key Details

Location

Interior

Exterior

Building

Schools

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258 Albert Drive