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    1142 Montalban St San Luis Obispo, CA 93405

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    For Sale
    $1,100,000

    Pre-planned mixed-use development with income potential near Cal Poly.

    Lot size:
    0.19 Acres

    Property Features for 1142 Montalban St

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1910

    Source: Keller Williams Realty Santa Barbara Agent Scott Taylor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Development Opportunity in SLO

    This mixed-use development opportunity is located in San Luis Obispo. The pre-planned development offers income potential with plans for 5 units to be built, including 2 commercial units, 2 residential units, and an Accessory Dwelling Unit (ADU). The property is located within 1 mile of Cal Poly campus San Luis Obispo, accessible by walking, biking, or transportation. The existing building on the property is a 1,208-square-foot home with 2 bedrooms and 1 bathroom, built in 1910. It is currently rented until January 31, 2025, providing ongoing income while plans and permits are finalized. The purchase of the property includes existing plans, permits, studies, and approvals.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6642071
    Latitude
    35.2891422

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    FAQs

    What type of property is this?
    Mixed-use property - Pre-planned mixed-use development with income potential near Cal Poly.
    Where is this mixed-use property located?
    The property is located at 1142 Montalban St San Luis Obispo, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Pre-planned mixed-use development opportunity in downtown San Luis Obispo.; - Includes plans, permits, studies, and approvals.; - Potential for substantial income with **5 units (2 commercial, 2 residential + ADU)**.
    (805) 540-4825
    Request Owner's contact information
    1142 Montalban St San Luis Obispo, CA 93405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1142 Montalban St San Luis Obispo, CA 93405
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