San Luis Obispo Homes with Apartment Subtype

San Luis Obispo Homes with Apartment Subtype

Welcome to San Luis Obispo, a picturesque gem nestled in the heart of California's Central Coast. Known for its stunning landscapes, vibrant downtown, and a rich tapestry of cultural experiences, San Luis Obispo—often affectionately referred to as SLO—offers an idyllic setting for those seeking a blend of urban convenience and natural beauty.

As the county seat of San Luis Obispo County, this charming city boasts a mild Mediterranean climate, making it an attractive destination year-round. With its historic Mission San Luis Obispo de Tolosa at the center, the city is steeped in history, while the bustling Farmers' Market and lively arts scene provide a delightful backdrop for everyday life. Outdoor enthusiasts will revel in the nearby hiking trails, scenic beaches, and the iconic Madonna Mountain, perfect for weekend adventures.

For those considering a home in this enchanting locale, San Luis Obispo offers an array of housing options, including homes with apartment subtypes. These versatile properties are ideal for families, investors, or anyone looking to enjoy the benefits of dual living spaces. Whether you seek a cozy duplex or a multi-family home, the options are plentiful. Imagine having the ability to generate rental income while residing in a vibrant neighborhood, or providing a comfortable space for extended family.

Investing in a home with an apartment subtype in San Luis Obispo not only enhances your lifestyle but also places you in a thriving community known for its friendly atmosphere and unparalleled access to California's stunning coastline and wine country. Discover the perfect blend of comfort, convenience, and charm in SLO—your dream home awaits!

Newest San Luis Obispo Homes with Apartment Subtype

124 128 Stenner, San Luis Obispo
$2,050,000
SC26171467 MLS ⋅ Active Status
124/128 Stenner st. offers an amazing opportunity to own a 4 unit complex located in a highly desirable college district walking district to Cal Poly. The property consists of a front 2-bedroom, 1-bath home, along with three upstairs units: two spacious studio apartments and a large 2-bedroom, 2-bath unit featuring two private decks. The property has recently been refreshed with new interior paint and vinyl plank flooring throughout. The front deck of the main house has been completely rebuilt, along with the exterior stairway providing access to the upstairs units. Each unit is separately metered for electricity and gas, while water is provided through a master meter. The property also features a large carport with ample off-street parking to accommodate residents. There may also be potential to explore converting a portion of the existing carport area into additional living space, subject to applicable zoning, permitting, and city requirements. Properties like this rarely become available. This is an excellent opportunity to own a centrally located, four-unit property with established college-rental potential and a proven rental history, just minutes from Cal Poly and all that San Luis Obispo has to offer. The past rental cycle from 7/1/25-6/25/26 property was leased at $13k/mo.

124 128 Stenner, San Luis Obispo
687 Islay Unit 1-9, San Luis Obispo
$2,200,000
SC26013167 MLS ⋅ Active Status
Built in 1895, this iconic Historic Victorian residence sits on one of downtown San Luis Obispo’s most prominent properties. Restored over the past 50 years, the residence is set on nearly a half-acre of usable land and currently features nine residential units, including three one-bedroom residences and six studio units with lofts. The property also includes nine outbuildings used as garages, storage, a bicycle garage, social room, and laundry facility. Historic character is preserved through ornate Victorian detailing, original redwood built with Douglas fir accents, soaring 12-foot ceilings, and expansive windows, while offering modern conveniences throughout. A large basement, park-like grounds, patio areas, and barbecue space enhance the property’s appeal. In addition to its existing income-producing layout, the property offers potential for future expansion and increased density, subject to local zoning and planning approvals. Development flexibility may allow for additional units or alternative configurations, presenting a rare opportunity for investors and owner-users alike.

687 Islay Unit 1-9, San Luis Obispo
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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