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    San Luis Obispo, CA Apartment Buildings for Sale

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    12-Unit Apartment Building
    Updated: Aug 28
    12-Unit Apartment Building

    505 Brizzolara St, San Luis Obispo, CA 93401

    $3,900,000
    7,894 sqft
    12‑unit property with ten two‑bedroom/one‑bath apartments and two studios
    Unit 12 converted from an office to a studio in 2024; work was not permitted
    New roof and gutters installed in 2020
    Zinsco electrical replacement and new main panel completed in 2020
    Private parking lot, on‑site laundry, and communal patio
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    Mixed-Use Development Site
    Updated: Apr 28
    Mixed-Use Development Site

    1390 Walker, San Luis Obispo, CA 93401

    $4,600,000
    1,400 sqft 1.10 AC lot
    1.1‑acre infill site in Downtown San Luis Obispo combining three adjacent Commercial Service‑zoned lots
    City‑approved entitlements for a 4‑story, 49‑unit residential apartment/condo project with on‑site parking
    Existing 1,420 SF commercial building plus approved 770 SF addition
    Residential and commercial components can be purchased together or separately
    WalkScore 84 (very walkable) and bikeScore 81 (very bikeable)
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    Historic Victorian Residence in San Luis Obispo
    Historic Victorian Residence in San Luis Obispo

    687 Islay Street, San Luis Obispo, CA 93401

    $2,600,000
    20,735 sqft 0.50 AC lot

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

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Multi-Unit Apartment Building with Yards
    Multi-Unit Apartment Building with Yards

    35 Blarney, San Luis Obispo, CA 93405

    $2,650,000

    For sale multi-unit apartment with seven long-term rentals, many featuring private fenced yards.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Apartment Property with Detached Residence
    Apartment Property with Detached Residence

    1662 Eucalyptus Drive, Solvang, CA 93463

    $3,000,000
    9,291 sqft 1.10 AC lot

    Multifamily property with varied unit layouts, covered parking, shared laundry, and a separate residence.

    View details
    Apartment Building with Detached Residence
    Apartment Building with Detached Residence

    1662 Eucalyptus Dr, Solvang, CA 93463

    $3,000,000
    9,291 sqft

    Multifamily property with varied unit layouts, structured parking, shared laundry, and an additional freestanding residence.

    View details
    Santa Maria Multifamily Rehab Opportunity
    Santa Maria Multifamily Rehab Opportunity

    1015 Russell, Santa Maria, CA 93458

    $1,198,000
    12,300 sqft

    15-unit apartment building in Santa Maria, CA. Rehab potential.

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    Apartment Building with ADU Potential
    Apartment Building with ADU Potential

    115 S Bradley Road, Santa Maria, CA 93454

    $3,325,000

    Thirteen-unit property offers a diversified mix of one-, two-, and three-bedroom apartments.

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    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)

    1771 Johnson Ave, San Luis Obispo, CA 93401

    Estimated value: by Request
    1,903 sqft 0.32 AC lot
    View details
    279 Br St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $480,000
    6,142 sqft 0.46 AC lot
    View details
    60 Casa St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value: by Request
    10,484 sqft 1.35 AC lot
    View details
    1622 Palm St
    APARTMENT HOUSE (5+ UNITS)

    1622 Palm St, San Luis Obispo, CA 93401

    Estimated value:
    $2,600,000
    0.34 AC lot
    View details
    1236 Monte Vis Pl
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $1,695,000
    0.66 AC lot
    View details
    1160 Islay St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $425,000
    2,311 sqft 0.17 AC lot
    View details
    1341 Osos St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $675,000
    11,820 sqft 0.21 AC lot
    View details
    1109 Laurel Ln
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $360,000
    5,400 sqft 0.25 AC lot
    View details
    455 Brizzolara St
    APARTMENT HOUSE (5+ UNITS)

    455 Brizzolara St, San Luis Obispo, CA 93401

    Estimated value:
    $320,000
    1.39 AC lot
    View details
    2029 Beebee St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $1,400,000
    3,080 sqft 0.17 AC lot
    View details
    544 Pacific St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $5,350,000
    0.45 AC lot
    View details
    519 Brizzolara St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $615,000
    0.62 AC lot
    View details
    137 Crandall Way
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $7,500,000
    1.30 AC lot
    View details
    144 Carpenter St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $480,000
    2.09 AC lot
    View details
    Higuera St
    APARTMENT HOUSE (5+ UNITS)

    Higuera St, San Luis Obispo, CA 93401

    Estimated value:
    $350,000
    0.30 AC lot
    View details
    3730 Higuera St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $360,000
    0.45 AC lot
    View details
    3355 Broad St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $7,700,000
    704 sqft 1.60 AC lot
    View details
    480 Chorro St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $315,000
    0.73 AC lot
    View details
    480 Chorro St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $375,000
    0.61 AC lot
    View details
    785 Morro St
    APARTMENT HOUSE (5+ UNITS)

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

    Estimated value:
    $405,000
    0.27 AC lot
    View details

    San Luis Obispo, CA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in San Luis Obispo, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 30,029 square feet of properties for sale, with an estimated market value of $13,750,000.

    Sale prices for apartment complexes in San Luis Obispo, CA start at $2,600,000, averaging $3,437,500, and reaching up to $4,600,000 — 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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    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 average listing prices of real estate assets

    Neighborhood Average Price
    93405 $2.7M
    93401 $3.7M

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in San Luis Obispo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in San Luis Obispo County

    Residential Income

    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.

    How Realmo verifies these figures

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