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1700 Osos St San Luis Obispo, CA 93401

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For Sale
$3,895,000

Renovated multifamily property in San Luis Obispo's Historic Downtown District.

Lot size:
0.24 Acres

Property Features for 1700 Osos St

General Information

Property type
Investment
Standard status
Active
Lot size
0.24 Acres

Building Details

Year built
1900

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Listing Contact
Farid Shahid
Source: Elliman

Listing Agent: Farid Shahid

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

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Overview

Historic Allen House Multifamily Property

The historic Allen House, built in the early 1900s in the "railroad-vernacular" architectural style, is located in the Historic Downtown District of San Luis Obispo. This R3 zoned property, significantly renovated in 2023, features a 4,688 square foot structure containing two units. The property includes a total of 17 bedrooms, 2 kitchens, and 4.5 bathrooms. The smaller ADU unit has 3 bedrooms and 2 bathrooms with a private entrance and kitchen. The primary home contains 14 bedrooms, two full bathrooms (the 2nd floor bathroom has two toilets and two showers), one half bathroom, living room, dining room, commercial kitchen, and a covered patio. A detached garage provides storage space. Renovations, fully permitted with the City of SLO, include new carpet and luxury vinyl plank flooring, new doors, interior and exterior painting, new aluminum clad wood frame windows, new drywall, new kitchen cabinets & countertops, new appliances, new lighting, remodeled bathrooms, new electrical wiring with a 400 amp panel & new plumbing lines, pre-wiring for an EV charger in the garage, a new sewer lateral connection to the street, a new roof, new fire escape stairs, a whole house fan on the third floor, new skylights, Navien tankless water heaters, a one inch water meter upsize from a previous 5/8 inch, new gutters and downspouts, new concrete and new decking in the backyard, front and backyard artificial turf, reinforced foundation supports with new beams/posts/footings, and a commercial grade 4 inch fire sprinkler line from the water main to the house with a Wilkins double check valve backflow preventer. The Downtown SLO location and R3 zoning allows for flexible alternative uses (with a permit) such as: Bed & breakfast, hostel, religious assembly, school, continuing care, elderly care, day care, fraternities or sororities, and hospice. It is suitable for rental income, a large residence for a family, or multiple families.
Location Intelligence

Current Use by Public Records

Alpha Gamma Omega Association Or Organization

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

Location Insight

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City
San Luis Obispo
County
San Luis Obispo
State
California
Longitude
-120.6563366
Latitude
35.2764762

FAQs

What type of property is this?
Multifamily property - Renovated multifamily property in San Luis Obispo's Historic Downtown District.
Where is this multifamily property located?
The property is located at 1700 Osos St San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: - Fully Renovated in 2023: Enjoy modern living with a top-to-bottom renovation completed with permits.; - High Rental Income Potential: Featuring 17 bedrooms across two units in a desirable downtown location.; - R3 Zoning with Flexible Use: Explore alternative uses with a permit, such as a bed & breakfast, hostel, or care facility.
More about this property
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