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1929 Chorro Street

San Luis Obispo CA 93401

5
3
2
2358 sq. ft.
7500 sq. ft.
Single-Family
Currently for sale - view listing

Overview

A special opportunity near downtown San Luis Obispo, 1929 Chorro Street features three separate residences on a 7,500 sf parcel, offering strong income potential with the flexibility for an owner-occupant or multigenerational living. The main residence is a three-bedroom, two-bath home with approximately 1,095 sf of living space. Built in 1910, the home includes hardwood cabinetry, stainless steel appliances, and tile countertops in the kitchen, porcelain countertops in the bathroom, and tile-and-fiberglass wainscoting in the shower. Flooring is a mix of wood laminate, tile, and vinyl, with an interior laundry area. A welcoming front yard creates a distinct outdoor space for the main residence, which is currently leased for $3,356/month. Two detached one-bedroom units sit apart from the main home. Unit A offers approximately 607 sf with a spacious living area, one bedroom, one bathroom, a small outdoor patio, and exclusive access to a 419 sf detached storage room. Unit B also offers approximately 607 sf, with abundant natural light, a view of Cerro San Luis from the kitchen, tile countertops, and a small bar area with room for stools. Both units are currently leased at $1,500/month, which is under market value, and feature wood-like laminate and tile flooring. The two units share a detached 80 sf laundry room. The property also offers off-street parking for all three residences, plus a garage and additional storage area. There are 2 gas meters, 1 water meter, and 3 electric meters on site. Three independent living spaces. Established rental income. A prime location just steps from downtown's restaurants, shops, and everyday conveniences. This property should not be missed! Information not verified.

Features

5 bedrooms
3 bathrooms
2 carspaces
2 open car spaces
2358 sq. ft. floor area
7500 sq. ft. lot size
Single-Family

Happy sellers in San Luis Obispo

88%
88% of sellers in San Luis Obispo reported that their sale price either exceeded or met their price expectations.

San Luis Obispo stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in San Luis Obispo over the last 12 months.

Local market activity for 5 bedroom single-family properties in San Luis Obispo

In the last 12 months, 15 five-bedroom single-family properties similar to 1929 Chorro Street, have been sold.

This represents a 50% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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