258 Albert Drive

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 out on this exceptional opportunity to own a prime investment property in one of California's most desirable locations. Schedule a showing today and explore the endless possibilities this property has to offer!

Overview

Property Status

Pending

Lot Size

0.35 Acres

MLS ID

NS25066499

Property Type

Residential

Year Built

1953

Features & Amenities

Neighborhood

San Luis Obispo County

Architecture Styles

Ranch

View Description

Neighborhood

Stories

Garage Spaces

2.0

Water Source

Public

Utilites

Electricity Available, Natural Gas Available, Sewer Available, Water Available

Pool

None

Roof

Composition

Lot Features

Garden, Near Public Transit, Yard

Parking

On Site, Permit Required, Garage Faces Side

Heat Type

Central

Air Conditioning

None

Sewer

Public Sewer

Substructure

Raised

Disability Features

Other, Accessible Doors

Other Exterior Features

Awning(s)

School District

San Luis Coastal Unified

Sales Price

$1,800,000

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 258 Albert Drive, San Luis Obispo, CA 93405

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I'm Interested In

258 Albert Drive

CallCody Wilcoxson

License #01847871

(805) 748-2477

258 Albert Drive

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