Add Listing
    San Luis Obispo, CA
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    San Luis Obispo, CA Apartment Buildings for Sale

    Notify Me
    List
    Map
    Santa Margarita, CA Avila Beach, CA Pismo Beach, CA
    Historic Victorian Residence in San Luis Obispo
    $2,900,000
    5,888 SF
    Historic Victorian Residence in San Luis Obispo

    687 Islay, San Luis Obispo, CA 93401

    Iconic Victorian residence with income potential in downtown San Luis Obispo.
    • Historic Victorian residence built in 1895, restored and featuring original redwood with Douglas fir accents.
    • Income‑producing property with nine residential units (three 1‑bedroom, six studio lofts).
    • Large, nearly half‑acre lot with park‑like grounds, patio areas, and barbecue space.
    • Potential for future expansion and increased density, subject to local approvals.
    • Includes nine outbuildings for garages, storage, bicycle garage, social room, and laundry.
    Updated: Feb 13
    View details
    Historic Victorian Residence in San Luis Obispo
    $3,900,000
    0.50 Acres
    Historic Victorian Residence in San Luis Obispo

    687 Islay, San Luis Obispo, CA 93401

    Iconic Victorian residence with income potential in downtown San Luis Obispo.
    • Historic Victorian residence on a large (nearly half‑acre) downtown lot.
    • Income‑producing property with nine residential units (3 one‑bedroom, 6 studio lofts).
    • Development potential for expansion and increased density (subject to approvals).
    • Nine outbuildings provide garages, storage, bicycle garage, social room, and laundry.
    • Restored historic character with original redwood, Douglas fir accents, 12‑foot ceilings, and expansive windows.
    Updated: Feb 9
    View details
    Historic Allen House Multifamily Property
    $3,895,000
    4,688 SF
    Historic Allen House Multifamily Property

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

    1700 Osos Street, San Luis Obispo, CA 93401

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Oceano Multifamily Investment Opportunity
    $1,800,000
    5,500 SF
    Oceano Multifamily Investment Opportunity

    10-unit multifamily property near the beach in Oceano, California.

    1960 Beach Street, Oceano, CA 93445

    View details
    Furnished Santa Maria Workforce Housing
    $9,500,000
    3.95 Acres
    Furnished Santa Maria Workforce Housing

    Four-acre property with 100 cottages, ideal for workforce housing.

    1324 N Broadway, Santa Maria, CA 93454

    View details
    Oceano Multifamily Investment Opportunity
    $1,800,000
    0.32 Acres
    Oceano Multifamily Investment Opportunity

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

    1960 Beach Street, Oceano, CA 93445

    View details
    Santa Maria Multifamily Investment Opportunity
    $3,500,000
    7,950 SF
    Santa Maria Multifamily Investment Opportunity

    13-unit multifamily property in Santa Maria with assumable loan.

    127 W Agnes Ave, Santa Maria, CA 93458

    View details

    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.

    Prime Commercial Land Opportunity
    $2,250,000
    89,438.00 Acres
    Prime Commercial Land Opportunity

    2+ acres of commercially zoned land with freeway exposure.

    31426 The Old Road N, Castaic, CA 91384

    View details
    Lancaster Corner Lot Investment Opportunity
    $350,000
    7,509.00 Acres
    Lancaster Corner Lot Investment Opportunity

    0.17-acre corner lot in Lancaster with development potential.

    0 Newgrove Street, Lancaster, CA 93534

    View details
    Land in Picfair Village
    $1,495,000
    0.16 Acres
    Land in Picfair Village

    Vacant land approved for 20-unit multifamily project in prime location.

    1562 S Fairfax Ave, Los Angeles, CA 90019

    View details
    Silver Lake Affordable Housing Development
    $2,350,000
    0.18 Acres
    Silver Lake Affordable Housing Development

    Ready-to-Issue 54-unit affordable housing development opportunity in prime Silver Lake.

    1108 Manzanita St, Los Angeles, CA 90029

    View details

    Off-Market Properties in San Luis Obispo, CA

    Consider similar Off-Market properties in San Luis Obispo, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1771 Johnson Ave
    APARTMENT HOUSE (5+ UNITS)
    1,903 SF Lot: 0.32 Acres
    Value Estimation by Request

    1771 Johnson Ave, San Luis Obispo, CA 93401

    View details
    279 Br St
    APARTMENT HOUSE (5+ UNITS)
    6,142 SF Lot: 0.46 Acres
    Estimated value
    $2,185,000

    279 Br St, San Luis Obispo, CA 93401-5026

    View details
    60 Casa St
    APARTMENT HOUSE (5+ UNITS)
    10,484 SF Lot: 1.35 Acres
    Value Estimation by Request

    60 Casa St, San Luis Obispo, CA 93405-1867

    View details
    1622 Palm St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.34 Acres
    Estimated value
    $2,600,000

    1622 Palm St, San Luis Obispo, CA 93401

    View details
    1236 Monte Vis Pl
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.66 Acres
    Value Estimation by Request

    1236 Monte Vis Pl, San Luis Obispo, CA 93405-1431

    View details
    1160 Islay St
    APARTMENT HOUSE (5+ UNITS)
    2,311 SF Lot: 0.17 Acres
    Estimated value
    $600,000

    1160 Islay St, San Luis Obispo, CA 93401-3754

    View details
    1341 Osos St
    APARTMENT HOUSE (5+ UNITS)
    11,820 SF Lot: 0.21 Acres
    Estimated value
    $675,000

    1341 Osos St, San Luis Obispo, CA 93401-4055

    View details
    1109 Laurel Ln
    APARTMENT HOUSE (5+ UNITS)
    5,400 SF Lot: 0.25 Acres
    Estimated value
    $865,000

    1109 Laurel Ln, San Luis Obispo, CA 93401-8604

    View details
    455 Brizzolara St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.39 Acres
    Value Estimation by Request

    455 Brizzolara St, San Luis Obispo, CA 93401

    View details
    2029 Beebee St
    APARTMENT HOUSE (5+ UNITS)
    3,080 SF Lot: 0.17 Acres
    Estimated value
    $1,400,000

    2029 Beebee St, San Luis Obispo, CA 93401-5027

    View details
    544 Pacific St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.45 Acres
    Estimated value
    $5,350,000

    544 Pacific St, San Luis Obispo, CA 93401-3960

    View details
    519 Brizzolara St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.62 Acres
    Estimated value
    $615,000

    519 Brizzolara St, San Luis Obispo, CA 93401-3415

    View details
    137 Crandall Way
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.30 Acres
    Estimated value
    $7,500,000

    137 Crandall Way, San Luis Obispo, CA 93405-1409

    View details
    144 Carpenter St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 2.09 Acres
    Value Estimation by Request

    144 Carpenter St, San Luis Obispo, CA 93405-1401

    View details
    Higuera St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.30 Acres
    Value Estimation by Request

    Higuera St, San Luis Obispo, CA 93401

    View details
    3730 Higuera St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.45 Acres
    Value Estimation by Request

    3730 Higuera St, San Luis Obispo, CA 93401-7598

    View details
    3355 Broad St
    APARTMENT HOUSE (5+ UNITS)
    704 SF Lot: 1.60 Acres
    Estimated value
    $7,700,000

    3355 Broad St, San Luis Obispo, CA 93401-6721

    View details
    480 Chorro St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.73 Acres
    Value Estimation by Request

    480 Chorro St, San Luis Obispo, CA 93405-1327

    View details
    480 Chorro St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.61 Acres
    Value Estimation by Request

    480 Chorro St, San Luis Obispo, CA 93405-1327

    View details
    785 Morro St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.27 Acres
    Value Estimation by Request

    785 Morro St, San Luis Obispo, CA 93401-2787

    View details
    633 Couper Dr
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.31 Acres
    Estimated value
    $2,025,000

    633 Couper Dr, San Luis Obispo, CA 93405-1154

    View details

    San Luis Obispo, CA Apartment Buildings Investment Opportunities Market Analysis

    Explore 72 apartment buildings for sale in San Luis Obispo, CA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,576 square feet of properties for sale, with an estimated market value of $6,795,000.

    Sale prices for two-family homes in San Luis Obispo, CA start at $2,900,000, averaging $3,397,500, and reaching up to $3,895,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Property Size Breakdown

    The majority of commercial real estate listings in San Luis Obispo fall within the 10,000 to 25,000 square foot range.

    Demographics Overview

    Population 79K
    Population Growth (5Y) -12.3%
    Median Household Income $82,388
    College Educated 27.6%

    High-Yield Neighborhoods for Investment

    Identify San Luis Obispo submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    93401 $3.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $13.51 per sq ft
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Retail

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Browse Apartment buildings for Sale Near San Luis Obispo, CA

    Popular Searches in San Luis Obispo, CA

    Popular Categories

    Most Searched ZIP Codes in San Luis Obispo, CA

    • 93401

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!