San Luis Obispo County Homes with Apartment Subtype

San Luis Obispo County Homes with Apartment Subtype

San Luis Obispo County, located in the state of California, is a picturesque and vibrant region that offers a wide range of opportunities for residents and visitors alike. Known for its stunning natural beauty, welcoming community, and thriving real estate market, San Luis Obispo County is an ideal place to call home.

One of the popular housing options in this county is homes with apartment subtypes. These properties offer a unique opportunity for homeowners to have an additional source of income by renting out a separate apartment or unit within their home. This arrangement can be beneficial for both homeowners and tenants, as it provides affordable housing options and additional financial stability.

Homes with apartment subtypes in San Luis Obispo County come in various styles and sizes, ranging from charming cottages to modern townhouses. They often feature separate entrances, private living spaces, and sometimes even separate utilities. This setup allows for privacy and independence for both the homeowner and the tenant.

Investing in a home with an apartment subtype in San Luis Obispo County can be a wise choice, as the demand for rental properties is high in this area. Whether you're looking for a property to generate rental income or seeking a multi-generational living arrangement, these homes offer flexibility and potential financial benefits.

With its breathtaking landscapes, vibrant communities, and diverse real estate options, San Luis Obispo County continues to attract homebuyers and investors. If you're considering purchasing a home with an apartment subtype, this county provides an ideal backdrop for a comfortable and prosperous lifestyle.

Newest San Luis Obispo County Homes with Apartment Subtype

1440 K Street, San Miguel
$1,095,000
PI26220384 MLS ⋅ Active Status
Great Investment opportunity. Bread & Butter multi unit property for sale in San Miguel. Unit mix includes ( 1) stand alone 1 bed/1 bath single home, and ( 6) studio apartments. Studios have vouchers from HASLO for VA ( Veterans program), and one Voucher Section 8 ( Program). The property is very large with potential for expansion, or new development ( check with County regarding other improvements or uses).

1440 K Street, San Miguel
1570 Lakeside, Oceano
$2,200,000
SC26164339 MLS ⋅ Active Status
Great 6-unit investment property. This property has two quaint single-family homes and a fourplex. Nestled in this quiet west of Hwy 1 Oceano neighborhood, just minutes away from the beach, lagoons and Oceano Dunes! The homes' addresses are 567 & 571 Honolulu. These two single-family homes are 2 bedrooms, 1 bath with fenced front and back yards. The two upstairs apartments of the fourplex are 2 bedrooms, 1 bath. The other two-story apartments of the fourplex are 2 bedrooms, 1.5 bath. Each unit has an assigned carport parking spot; there is also plenty of off-street parking spaces in front of the fourplex. The four plex was built in 1984 and the homes are built in 1940. The fourplex was recently painted. New asphalt driveway and drainage system. Laundry room is shared. Rental history is good. Long term tenants.

1570 Lakeside, Oceano
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
839 Longbranch, Grover Beach
$2,650,000
SC26150620 MLS ⋅ Active Status
Well-maintained 7-unit apartment building in an excellent Grover Beach location. Conveniently located near the popular Grand Avenue corridor with shopping, restaurants, and ongoing new development, the property also offers easy access to the beach, community parks, the Amtrak station, public transportation, Highway 1, and Highway 101. Five of the seven units have been updated with updated flooring, countertops, fixtures, and appliances. A recently installed MeterNet water sub-metering system allows the owner to recover water costs from tenants, helping improve operating efficiency. Additional amenities include seven private garages, off-street parking, and a community coin-operated laundry facility. With recent capital improvements, utility cost recovery through water sub-metering, and future rental upside, this property presents an excellent investment opportunity.

839 Longbranch, Grover Beach
351 San Luis Ave, Pismo Beach
$1,630,000
SC26066813 MLS ⋅ Active Status
Incredible ocean views just over a block from the sand! 351 San Luis Avenue offers a rare opportunity to own a versatile coastal property in the heart of Pismo Beach. Ideally located within walking distance to the pier, downtown shops, and restaurants, this property captures the essence of beachside living while delivering strong income potential. The property consists of five residential units, including a one-bedroom unit, three studio units, and a larger upper-level studio with a private balcony showcasing sweeping ocean views. From this elevated vantage point, enjoy breathtaking sunsets over the Pacific and front-row views of the Fourth of July fireworks over the Pismo Pier. Whether you’re looking to invest or live onsite, you have the flexibility to choose your preferred unit to owner-occupy while generating income from the others, all while taking full advantage of the property’s standout coastal views. Additional features include a one-car garage, a shared outdoor patio area ideal for relaxing or entertaining, a coin-operated laundry room, and a separate storage shed. The garage, laundry, and storage shed are all currently rented, providing additional income streams beyond the residential units. The property has seen recent improvements including a new roof and balcony railing, newer exterior paint, and updates to plumbing and electrical systems, enhancing both functionality and long-term value. With limited multifamily inventory in this highly desirable coastal community, the property benefits from strong tenant demand and long-term upside. Whether you’re seeking a primary residence with rental income, a vacation property, or a solid investment, 351 San Luis offers a unique blend of location, income, and exceptional ocean-view living in one of the Central Coast’s most sought-after markets.

351 San Luis Ave, Pismo Beach
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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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