Three-Unit Multifamily
For Sale
$1,429,000
701 Los Osos Valley, Los Osos, CA 93402
A detached home and duplex provide three residences, including two units with private patios.
Property Size2,985 SF
Lot Size0.20 Acres
Price / SF$478.73
Days on Market266
Property Features for 701 Los Osos Valley
General Information
Standard status
Active
Size
2,985 SF
Total Parking Spaces
6
Lot size
0.20 Acres
Property subtype
Residential Income
Zoning
RMF
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
2,985 SF
Year Built
1976
Buildings
2
Stories
1
Units
3
Listing Agency:
Freitas Real Estate
(805) 712-7122
Listed By:
George Freitas · License #00784368
(805) 712-7123
Source:
Freitasrealestate
Added: Feb 2
Changed: Oct 23
Last Checked: Oct 23 at 4:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Freitas Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three residences occupy an approximately 8,500-square-foot lot: a 3-bedroom, 2-bathroom house and an adjacent duplex with two 2-bedroom, 1-bathroom units. The house includes an attached two-car garage, and each duplex unit has a private patio. Combined building area is 2,985 square feet. Both structures received new roofs in August 2026. The property was built in 1976 and is zoned RMF.
Downtown Los Osos is approximately 0.5 miles away. Nearby destinations include the library, tennis courts, skate park, Monarch Elementary School, and hiking trails.
Downtown Los Osos is approximately 0.5 miles away. Nearby destinations include the library, tennis courts, skate park, Monarch Elementary School, and hiking trails.
Key Highlights
- Three residences: one 3‑bedroom, 2‑bathroom house and two 2‑bedroom, 1‑bathroom duplex units
- 2,985 square feet of building area on an approximately 8,500‑square‑foot lot
- Attached two‑car garage at the house; each duplex unit has a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,625
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,500
$1.2M
Cap Rate 7%
$823,214
$823.2K
Cap Rate 9%
$640,278
$640.3K
Market Conditions
NOI Build-Up for 2,985 SF
Gross rent
$107.5K $36.00/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$104.8K $35.10/SF
− OpEx
−$47.1K −$15.80/SF
NOI
$57.6K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,500
Cap Rate 7%
$823,214
Cap Rate 9%
$640,278
Alternative Uses
Best Use
Apartment 5plus
$823.2K
$720.3K – $960.4K
NOI $57,625 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.17M
$1.03M – $1.37M
NOI $82,177 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 93402, CA
14,500
Population
6,586
Households
2.2
Avg Household Size
49
Median Age
50%
College-Educated
94%
High-School Grad
27.7 sq mi
ZIP Area
523
Density / Sq Mi
$103,839
Median Household Income
$43,002
Median Earnings
$1,909
Median Rent
$729,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A detached home and duplex provide three residences, including two units with private patios.
Where is this multifamily property located?
The property is located at 701 Los Osos Valley Los Osos, CA.
What is the asking price?
The asking price for this property is $1,429,000.
What are key features of this property?
This property features: Three residences: one 3‑bedroom, 2‑bathroom house and two 2‑bedroom, 1‑bathroom duplex units; 2,985 square feet of building area on an approximately 8,500‑square‑foot lot; Attached two‑car garage at the house; each duplex unit has a private patio
