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    1142 Montalban St San Luis Obispo, CA 93405

    • Investment properties
    • 1,208 SF
    • 0.19 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US10-3271921
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1142 Montalban St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    1,208 SF
    Zone code
    CT
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    001-113-005
    APU
    1113005

    Description

    This exceptional mixed-use property in San Luis Obispo, California, presents a compelling value-add investment opportunity. Located at 1142 Montalban St, 93405, this 8,915 square foot lot boasts a 1,208 square foot, two-bedroom, one-bathroom home built in 1910, currently leased at $4,390 per month until January 31, 2025, providing immediate income. The property is zoned for Mixed Complex use, allowing for a significant development project. Pre-approved plans are included in the sale, detailing a five-unit development comprising two commercial units (262 and 869 square feet respectively), two residential units (1,880 square feet each), and an 855 square foot accessory dwelling unit (ADU), totaling 5,746 square feet. Preliminary architectural review is complete, and Title 24 compliance is slated for submission in September 2024. This property offers substantial income potential, situated within walking distance of Cal Poly and downtown San Luis Obispo. The asking price is $1,500,000. The property's APN is 001-113-005. The sale is offered by owner. The existing structure requires extensive renovation or demolition.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $500,000
      6.5%
      $475,000
      7%
      $520,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $390,000
      Mixed-Use
      $405,000
      Hospitality
      $375,000
      Educational
      $465,000
      Residential Income
      $400,000
      Energy
      $425,000
      Income-Based Land
      $350,000
      Food Service
      $390,000

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.664
    Latitude
    35.2891
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,524
    $455,130
    $142,227
    $597,357
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.61 Acres

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    • Value Estimation
      $370,000
      1,700 SF

      106 Santa Rosa St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,700 SF
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    • Value Estimation by Request
      13,756 SF

      1340 Taft St Ste, Unit 110

      OFFICE/RESIDENTIAL (MIXED USE) • 13,756 SF
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    • Value Estimation by Request
      3,061 SF

      157 Casa St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,061 SF
      157 Casa St, San Luis Obispo, CA 93405-1803
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    • Value Estimation
      $245,000
      1,887 SF

      990 Olive St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,887 SF
      990 Olive St, San Luis Obispo, CA 93405-2360
      View Details
    • Value Estimation
      $420,000
      1,001 SF

      1027 Murray Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,001 SF
      1027 Murray Ave, San Luis Obispo, CA 93405-1805
      View Details

    Similar Nearby for Sale

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      Prime location, development opportunity. High rental income.
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    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
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