Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1617 Santa Rosa St San Luis Obispo, CA 93401-3721
    Back to Search
    Property profile & analytics

    1617 Santa Rosa St, San Luis Obispo, CA 93401-3721

    View on Map
    • Residential income homes
    • 2,460 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US09-2290033
    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.
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    9.1%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Hostel Obispo / Hostel

    Property Details for 1617 Santa Rosa St

    Year built
    1905
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Zone code
    R3
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    003-553-010
    APU
    3553010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2024 — 1617 Santa Rosa Street LLC — Deed · related $497k · Sesloc FCU
    Nov 5, 2014 $1,200,000 1617 Santa Rosa Street LLC Elain Ford Simer Grant Deed $600k · Coast National Bank
    Sep 29, 2008 — Simer Elaine F Trust Simer,elaine Quit Claim Deed · related —
    Sep 26, 2008 — Elaine Simer Elaine Simer Intrafamily Transfer · related $400k · Sesloc FCU
    Jan 2, 2008 — Simer Elaine F Trust Simer,elaine Quit Claim Deed · related —
    Dec 31, 2007 — Elaine Simer Elaine Ford Simer Intrafamily Transfer · related $375k · Sesloc FCU
    Jun 27, 2007 — Simer Elaine F Trust Simer,elaine Quit Claim Deed · related —
    Jun 26, 2007 — Elaine Simer Elaine Ford Simer Intrafamily Transfer · related $400k · Sesloc FCU
    Oct 12, 2005 — Simer Elaine F Trust Simer,elaine Quit Claim Deed · related —
    Mar 27, 1998 $175,000 Elaine Simer Phi Sigma Zeta House Corp Grant Deed $130k · Sesloc FCU
    — — 1617 Santa Rosa Street LLC — Deed Of Trust · related $600k · Coast Nat'l Bk
    — — Elaine Simer — Deed Of Trust · related $260k · Sesloc FCU
    — — Elaine Simer — Deed Of Trust · related $100k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $525,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $624,000
      Market price range: $200k - $624k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.656
    Latitude
    35.2777
    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
    $16,152
    $636,268
    $777,665
    $1,413,933
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,562 SF

      972 Santa Rosa St

      BOARDING/ROOMING HOUSE
      972 Santa Rosa St, San Luis Obispo, CA 93401-3108
      View Details
    • Value Estimation
      $2,020,000
      4,316 SF

      1703 Santa Barbara Ave

      BOARDING/ROOMING HOUSE
      1703 Santa Barbara Ave, San Luis Obispo, CA 93401-4467
      View Details
    • Value Estimation
      $560,000
      1.25 Acres

      1630 Fairview St

      APARTMENT HOUSE (5+ UNITS)
      1630 Fairview St, San Luis Obispo, CA 93401-3061
      View Details
    • Value Estimation by Request
      1.08 Acres

      2804 Augusta St

      APARTMENT HOUSE (5+ UNITS)
      2804 Augusta St, San Luis Obispo, CA 93401-5861
      View Details
    • Value Estimation by Request
      0.62 Acres

      2933 Augusta St

      APARTMENT HOUSE (5+ UNITS)
      2933 Augusta St, San Luis Obispo, CA 93401-5863
      View Details
    • Value Estimation by Request
      0.21 Acres

      650 Graves Ave

      APARTMENT HOUSE (5+ UNITS)
      650 Graves Ave, San Luis Obispo, CA 93401-2655
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      791 Pepper, San Luis Obispo, CA 93401

      Triplexes
      791 Pepper St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Old Town SLO Duplex

      Duplex with detached studio in old-town San Luis Obispo.
      785 Pepper St, San Luis Obispo, CA 93401
      View Details
    • Contact for pricing

      Historic Victorian Residence in San Luis Obispo

      Iconic Victorian residence with income potential in downtown San Luis Obispo.
      687 Islay St, San Luis Obispo, CA 93401
      View Details
    • $1,299,000

      Turnkey Triplex in San Luis Obispo

      Rare triplex near downtown and Cal Poly with upside potential.
      2101 Johnson Ave, San Luis Obispo, CA 93401
      View Details
    • $1,395,000
      1,930 SF

      San Luis Obispo Triplex Investment

      Income-producing triplex near downtown San Luis Obispo with strong rental income.
      1719 Chorro 1721, San Luis Obispo, CA 93401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1617 Santa Rosa St
    San Luis Obispo, CA 93401-3721
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1617 Santa Rosa St, San Luis Obispo, CA, 93401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!