1338 Santa Rosa Street, San Luis Obispo, CA 93401
Two independent medical office suites offer flexible medical or general office use in a 1962-built professional building.
- Added:
- May 9, 2025
- Days on Market:
- 403
- Last Refresh:
- Jun 15 at 5:40 am
Property Features for 1338 Santa Rosa Street
General Information
- Standard status
- Active
- Size
- 3,861 SF
- Property subtype
- Office
Building Details
- Year Built
- 1962
Listing agent Real Property Investments
Listing office (805) 544-4422
Listing date May 9, 2025
Source Xome
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HighLights
- Two independent medical office suites in the Santa Rosa Professional Building at 1338‑1340 Santa Rosa Street
- Built in 1962 and currently operated as a 2‑unit dental office since construction
- Each suite offers approximately 1,930 SF with mirror‑image floorplans
- Property features a corner lot and level, rectangular topography
Overview
The asset is comprised of two independent suites, allowing for either single-tenant occupation or multi-tenant operation. Because the floorplans are designed as mirror images, the two units offer a consistent, predictable configuration for comparable office layouts.
For buyers or tenants looking for established professional space, the building’s existing office configuration and independent unit setup can simplify operations and scheduling compared with shared common layouts. The property’s compatibility with medical or general office use provides additional flexibility for qualifying businesses seeking dedicated, self-contained space within a proven dental-office environment.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.0k | $47.40 |
| − Vacancy | −$5.9k | −$1.52 |
| EGI | $177.2k | $45.88 |
| − OpEx | −$70.9k | −$18.35 |
| NOI | $106.3k | $27.53 |
Alternative Uses
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- San Luis Obispo
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.6574497
- Latitude
- 35.280028
