San Luis Obispo County, CA Apartment Buildings for Sale

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Updated: Apr 30

Adjacent Apartment Portfolio with 24 Units

3411-& 3505 Spring Street, Paso Robles, CA 93446

$4,900,000

16,748 sqft 0.79 AC lot

Two adjacent multifamily properties in Paso Robles totaling 24 units on separate lots
3411 Spring Street: 14‑unit, two‑story walk‑up built in 1970 with approx. 11,748 rentable SF
3505 Spring Street: 10‑unit, two‑story property originally constructed as a motel and converted to residential; approx. 5,000 rentable SF
Over 0.79 acres combined along the Spring Street corridor; zoned PR/R4 (3411) and T‑4NC (3505)
Both properties managed by MPM Inc. for a seamless transition to new ownership

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This listing looks promising.

Here's a quick look at some key insights for

3411-& 3505 Spring Street, Paso Robles, CA 93446

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Est. Cap Rate

6.6%
Above avg (5.9%)
Est. NOI

$323K
Annual
Mortgage

$1.63M
Aug 2023
Last Sold

Aug 2023
$1.51M
Property Type

Apartment House
Built 1968

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Updated: Mar 31

Ground-Floor Retail Condo Units

401 W Grand Avenue, Grover Beach, CA 93433

$725,000

Development will include 59 condos with ocean views and an rooftop deck
First phase features 2 ground‑floor commercial condos for restaurant, coffee shop, and retail uses
All units will be delivered as cold shells
Project is part of Grover Beach’s new West End with six new developments noted in the remarks
Remarks cite nearly 200 new high‑end residences nearby plus tourist traffic from the Grand Ave beach entrance

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Historic Allen House Multifamily Property

1700 Osos Street, San Luis Obispo, CA 93401

$3,895,000

4,688 sqft

Renovated 17-bedroom property in San Luis Obispo's Historic Downtown.

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Atascadero Apartment Complex For Sale

11145-11215 El Camino Real, Atascadero, CA 93422

$7,595,000

62,548 sqft

64-unit apartment complex with garages and pool in Atascadero, CA.

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Historic Victorian Residence in San Luis Obispo

687 Islay, San Luis Obispo, CA 93401

$2,900,000

0.50 AC lot

Iconic Victorian residence with income potential in downtown San Luis Obispo.

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Oceano Multifamily Investment Opportunity

1960 Beach Street, Oceano, CA 93445

$1,800,000

0.32 AC lot

Ten-unit multifamily property near Central Market and Oceano beach.

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Paso Robles Multifamily Property

11011 S Shore Dr, Paso Robles, CA 93446

$404,995

0.23 AC lot

Multifamily property for sale in Paso Robles, California.

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Multifamily Apartment Building

Paso Robles, CA 93446

Contact for pricing

For sale apartment building with residential income potential in Paso Robles, California.

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Apartment Building for Sale

2231 Wisteria, Paso Robles, CA 93446

$7,500,000

Apartment building offered for sale in San Luis Obispo County.

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Mixed-Use Corner Building

777785 Marsh Street, San Luis Obispo, CA 93401

$3,700,000

Corner mixed-use building with three commercial spaces and 10 residential units, requiring retrofit with approved plans.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 10 Active listings in San Luis Obispo County, CA, we suggest exploring several alternatives: similar 62 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Freeway Exposure

31426 The Old Road N, Castaic, CA 91384

$2,250,000

2.05 AC lot

Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

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Lancaster Corner Lot Investment Opportunity

Newgrove Street, Lancaster, CA 93534

$350,000

0.17 AC lot

0.17-acre corner lot in Lancaster with development potential.

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Development Opportunity with DTLA Views

700 Lookout Dr, Los Angeles, CA 90012

$799,000

0.22 AC lot

Land with potential for up to 23 units.

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San Jacinto Land with Utilities

Rosario, San Jacinto, CA 92583

$155,000

0.33 AC lot

Unique lot with utilities available for multiple residential uses.

$2,185,000

Estimated value

6,142 sqft 0.46 AC lot

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APARTMENT HOUSE (5+ UNITS)

261 Hazel Ln, Nipomo, CA 93444-9659

$1,175,000

Estimated value

1.06 AC lot

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APARTMENT HOUSE (5+ UNITS)

318 4th St, Paso Robles, CA 93446-2401

Value Estimation by Request

756 sqft 0.94 AC lot

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APARTMENT HOUSE (5+ UNITS)

420 11th St, Paso Robles, CA 93446-2527

Value Estimation by Request

0.49 AC lot

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APARTMENT HOUSE (5+ UNITS)

2630 Spyglass Dr, Pismo Beach, CA 93449-1754

$1,160,000

Estimated value

4,327 sqft 0.15 AC lot

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APARTMENT HOUSE (5+ UNITS)

Value Estimation by Request

0.66 AC lot

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APARTMENT HOUSE (5+ UNITS)

211 Spruce St, Arroyo Grande, CA 93420-3071

$1,020,000

Estimated value

6,996 sqft 0.45 AC lot

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San Luis Obispo County, CA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in San Luis Obispo County, CA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 83,984 square feet of properties for sale, with an estimated market value of $16,390,000.

Sale prices for two-family homes in San Luis Obispo County, CA start at $3,895,000, averaging $5,463,333, and reaching up to $7,595,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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