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San Luis Obispo, CA Apartment Buildings for Sale

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Historic Victorian Multifamily Residence
$3,600,000
5,888 SF

Historic Victorian Multifamily Residence

687 Islay, San Luis Obispo, CA 93401

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

  • 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
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Historic Victorian Residence in San Luis Obispo
$3,900,000

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
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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
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Based on your search, we've compiled 317 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 306 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore 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
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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
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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
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Oceano Multifamily Investment Opportunity
$1,800,000

Oceano Multifamily Investment Opportunity

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

1960 Beach Street, Oceano, CA 93445
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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.

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
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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
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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
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Development Opportunity with DTLA Views
$799,000
9,746.00 Acres

Development Opportunity with DTLA Views

Land with potential for up to 23 units.

700 Lookout Dr, Los Angeles, CA 90012
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Explore 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

1771 Johnson Ave

APARTMENT HOUSE (5+ UNITS) • 1,903 SF
Value Estimation by Request
1771 Johnson Ave, San Luis Obispo, CA 93401
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279 Br St

279 Br St

APARTMENT HOUSE (5+ UNITS) • 6,142 SF
Value Estimation
$2,185,000
279 Br St, San Luis Obispo, CA 93401-5026
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60 Casa St

60 Casa St

APARTMENT HOUSE (5+ UNITS) • 10,484 SF
Value Estimation by Request
60 Casa St, San Luis Obispo, CA 93405-1867
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1622 Palm St

1622 Palm St

APARTMENT HOUSE (5+ UNITS) • 0.34 Acres
Value Estimation
$2,600,000
1622 Palm St, San Luis Obispo, CA 93401
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1236 Monte Vis Pl

1236 Monte Vis Pl

APARTMENT HOUSE (5+ UNITS) • 0.66 Acres
Value Estimation by Request
1236 Monte Vis Pl, San Luis Obispo, CA 93405-1431
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1160 Islay St

1160 Islay St

APARTMENT HOUSE (5+ UNITS) • 2,311 SF
Value Estimation
$600,000
1160 Islay St, San Luis Obispo, CA 93401-3754
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1341 Osos St

1341 Osos St

APARTMENT HOUSE (5+ UNITS) • 11,820 SF
Value Estimation
$675,000
1341 Osos St, San Luis Obispo, CA 93401-4055
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1109 Laurel Ln

1109 Laurel Ln

APARTMENT HOUSE (5+ UNITS) • 5,400 SF
Value Estimation
$865,000
1109 Laurel Ln, San Luis Obispo, CA 93401-8604
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455 Brizzolara St

455 Brizzolara St

APARTMENT HOUSE (5+ UNITS) • 1.39 Acres
Value Estimation by Request
455 Brizzolara St, San Luis Obispo, CA 93401
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2029 Beebee St

2029 Beebee St

APARTMENT HOUSE (5+ UNITS) • 3,080 SF
Value Estimation
$1,400,000
2029 Beebee St, San Luis Obispo, CA 93401-5027
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544 Pacific St

544 Pacific St

APARTMENT HOUSE (5+ UNITS) • 0.45 Acres
Value Estimation
$5,350,000
544 Pacific St, San Luis Obispo, CA 93401-3960
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519 Brizzolara St

519 Brizzolara St

APARTMENT HOUSE (5+ UNITS) • 0.62 Acres
Value Estimation
$615,000
519 Brizzolara St, San Luis Obispo, CA 93401-3415
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137 Crandall Way

137 Crandall Way

APARTMENT HOUSE (5+ UNITS) • 1.30 Acres
Value Estimation
$7,500,000
137 Crandall Way, San Luis Obispo, CA 93405-1409
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144 Carpenter St

144 Carpenter St

APARTMENT HOUSE (5+ UNITS) • 2.09 Acres
Value Estimation by Request
144 Carpenter St, San Luis Obispo, CA 93405-1401
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Higuera St

Higuera St

APARTMENT HOUSE (5+ UNITS) • 0.30 Acres
Value Estimation by Request
Higuera St, San Luis Obispo, CA 93401
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3730 Higuera St

3730 Higuera St

APARTMENT HOUSE (5+ UNITS) • 0.45 Acres
Value Estimation by Request
3730 Higuera St, San Luis Obispo, CA 93401-7598
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3355 Broad St

3355 Broad St

APARTMENT HOUSE (5+ UNITS) • 704 SF
Value Estimation
$7,700,000
3355 Broad St, San Luis Obispo, CA 93401-6721
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480 Chorro St

480 Chorro St

APARTMENT HOUSE (5+ UNITS) • 0.73 Acres
Value Estimation by Request
480 Chorro St, San Luis Obispo, CA 93405-1327
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480 Chorro St

480 Chorro St

APARTMENT HOUSE (5+ UNITS) • 0.61 Acres
Value Estimation by Request
480 Chorro St, San Luis Obispo, CA 93405-1327
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785 Morro St

785 Morro St

APARTMENT HOUSE (5+ UNITS) • 0.27 Acres
Value Estimation by Request
785 Morro St, San Luis Obispo, CA 93401-2787
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633 Couper Dr

633 Couper Dr

APARTMENT HOUSE (5+ UNITS) • 0.31 Acres
Value Estimation
$2,025,000
633 Couper Dr, San Luis Obispo, CA 93405-1154
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San Luis Obispo, CA Apartment Buildings Investment Opportunities Market Analysis

Explore 309 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 906,498,322 square feet of properties for sale, with an estimated market value of $137,230,000.

Sale prices for two-family homes in San Luis Obispo, CA start at $70,000, averaging $857,687, and reaching up to $7,700,000 — 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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