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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
For Sale
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
1
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

Downloads

258 Albert Drive

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  • CallCody Wilcoxson

    License #01847871

    (805) 748-2477
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