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    San Luis Obispo, CA Apartment Buildings for Sale

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    Los Osos, CA Santa Margarita, CA Avila Beach, CA Pismo Beach, CA Arroyo Grande, CA Atascadero, CA Grover Beach, CA Morro Bay, CA
    6 properties
    Mixed-Use Development Site
    Updated: Apr 27
    Mixed-Use Development Site

    1390 Walker St, San Luis Obispo, CA 93401

    $4,600,000
    1,420 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
    Updated: Feb 13
    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
    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.**
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    Multi-Unit Apartment Building with Yards
    Multi-Unit Apartment Building with Yards

    35 Blarney, San Luis Obispo, CA 93405

    $2,725,000

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

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    See what stands out in San Luis Obispo County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    8-Unit Multifamily with Private Patios
    8-Unit Multifamily with Private Patios

    3380 Bullock Ln, San Luis Obispo, CA 93401

    $3,075,000

    Eight-unit multifamily offering private patios, updated kitchens with stainless-steel appliances, and on-site coin-operated laundry.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    505 Brizzolara St, San Luis Obispo, CA 93401

    $4,375,000

    Private parking, on-site laundry, and a shared patio serve a centrally located multifamily property.

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    104-Unit Apartment Portfolio
    104-Unit Apartment Portfolio

    607 Grand Ave, San Luis Obispo, CA 93401

    Contact for pricing

    Three properties are adjacent to California Polytechnic State University in San Luis Obispo.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 6 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 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.

    Atascadero Apartment Complex For Sale
    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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    Santa Maria Multifamily Investment Opportunity
    Santa Maria Multifamily Investment Opportunity

    127 W Agnes Ave, Santa Maria, CA 93458

    Contact for pricing
    7,950 sqft

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

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    Apartment Building with 100 Cottages
    Apartment Building with 100 Cottages

    1324 N Broadway, Santa Maria, CA 93454

    $9,500,000
    3.95 AC lot

    C-2 zoned, vacant apartment property with 100 fully-furnished cottages designed for immediate occupancy.

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    74-Unit Apartment Complex
    74-Unit Apartment Complex

    9170-9190 Seville Lane, Atascadero, CA 93422

    Contact for pricing
    4.00 AC lot

    Multi-building apartment community constructed between 2015 and 2016.

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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

    Value Estimation 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

    $480,000
    Estimated value
    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

    Value Estimation 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

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

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

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

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

    $425,000
    Estimated value
    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

    $675,000
    Estimated value
    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

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

    455 Brizzolara St, San Luis Obispo, CA 93401

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

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

    $1,400,000
    Estimated value
    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

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

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

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

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

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

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

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

    Higuera St, San Luis Obispo, CA 93401

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

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

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

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

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

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

    $315,000
    Estimated value
    0.73 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 6 active listings on our real estate platform. These investment opportunities span a total of 22,155 square feet of properties for sale, with an estimated market value of $17,375,000.

    Sale prices for two-family homes in San Luis Obispo, CA start at $2,600,000, averaging $3,475,000, 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 $2.8M
    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)

    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.

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    Most Searched ZIP Codes in San Luis Obispo, CA

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