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    San Luis Obispo, CA Residential Income Properties for Sale

    15 results
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    Historic Victorian Multifamily Investment Opportunity
    $3,900,000
    5,888 SF

    Historic Victorian Multifamily Investment Opportunity

    687 Islay St, San Luis Obispo, CA 93401

    Iconic Victorian residence in downtown San Luis Obispo with development potential.

    • Historic Victorian residence built in 1895 on a large downtown San Luis Obispo property.
    • Income‑producing property with nine residential units.
    • Potential for future expansion and increased density, subject to local approvals.
    • Restored with preserved historic character: ornate Victorian detailing, original redwood with Douglas fir accents, 12‑foot ceilings, expansive windows.
    • Includes a large basement, park‑like grounds, patio areas, and barbecue space.
    Updated: Feb 13
    View details
    Mixed-Use Development Opportunity in SLO
    $999,000

    Mixed-Use Development Opportunity in SLO

    1142 Montalban St, San Luis Obispo, CA 93405

    Pre-planned mixed-use development with income potential near Cal Poly.

    • Pre‑planned mixed‑use development opportunity in downtown San Luis Obispo.
    • Includes plans, permits, studies, and approvals.
    • Potential for substantial income with 5 units (2 commercial, 2 residential + ADU).
    • Walking/biking/transportation distance (1 mile) to Cal Poly campus.
    • Existing 2bed/1bath home provides rental income until 1/31/2025.
    View details
    Mixed-Use Development Opportunity in SLO
    $999,000

    Mixed-Use Development Opportunity in SLO

    Pre-planned mixed-use development with income potential near Cal Poly.

    1142 Montalban St, San Luis Obispo, CA 93405
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    Historic Ranch Estate Near San Luis Obispo
    $3,450,000
    2,400 SF

    Historic Ranch Estate Near San Luis Obispo

    189-acre ranch with residences, barns, and equestrian facilities.

    1498 O'sconnor Way, San Luis Obispo, CA 93405
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    Historic Allen House Multifamily Property
    $3,895,000

    Historic Allen House Multifamily Property

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

    1700 Osos St, San Luis Obispo, CA 93401
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    Old-Town SLO Triplex Opportunity
    $1,520,000

    Old-Town SLO Triplex Opportunity

    Charming triplex in old-town San Luis Obispo with detached homes.

    791 Pepper St, San Luis Obispo, CA 93401
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    Laguna Estates Mobile Home
    $355,000

    Laguna Estates Mobile Home

    3-bedroom, 2-bath home in desirable Laguna Mobile Home Estates.

    1845 Thelma Dr, San Luis Obispo, CA 93405
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    Income Property with Expansion Potential
    $1,295,000

    Income Property with Expansion Potential

    Leased duplex with approved plans for additional residence.

    3281 Rockview Pl, San Luis Obispo, CA 93401
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    Laguna Lake Mobile Home
    $385,000

    Laguna Lake Mobile Home

    Well-maintained mobile home in Laguna Lake Mobile Estates.

    1801 Marsha Dr, San Luis Obispo, CA 93405
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    Old Town SLO Triplex
    $1,520,000

    Old Town SLO Triplex

    Charming triplex in old-town San Luis Obispo with detached homes.

    791 Pepper St, San Luis Obispo, CA 93401
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    Old Town SLO Duplex
    $890,000

    Old Town SLO Duplex

    Duplex with detached studio in the railroad area.

    785 A & B Pepper, San Luis Obispo, CA 93401
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    San Luis Obispo Mobile Home
    $135,000

    San Luis Obispo Mobile Home

    Mobile home in all-age park near downtown San Luis Obispo.

    2994 S Higuera St S 10, San Luis Obispo, CA 93401
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    Avila Beach Estate: 55 Acres
    $3,900,000
    54.95 Acres

    Avila Beach Estate: 55 Acres

    Coastal California land, 3 building pads

    535 Avila Beach Dr, San Luis Obispo, CA 93405
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    San Luis Obispo Mixed-Use Property
    $1,500,000
    1,208 SF

    San Luis Obispo Mixed-Use Property

    Prime location, development opportunity. High rental income.

    1142 Montalban St, San Luis Obispo, CA 93405
    View details
    Based on your search, we've compiled 537 Potential Opportunities for your consideration. Besides 15 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 516 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Furnished Home Near Beach and Pier
    $535,000

    Furnished Home Near Beach and Pier

    Furnished 3-bed, 2-bath home near the beach and pier.

    140 99 S Dolliver 99, Pismo Beach, CA 93449
    View details
    Pismo Beach Apartment Investment Opportunity
    $4,275,000
    6,012 SF

    Pismo Beach Apartment Investment Opportunity

    7-unit apartment building near Pismo Beach Boardwalk.

    175 Stimson Ave, Pismo Beach, CA 93449
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    Versatile Mixed-Use Property in Los Osos
    $2,995,000
    4,331 SF

    Versatile Mixed-Use Property in Los Osos

    Mixed-use property featuring residential, office, garden, and yard spaces.

    1301 Los Osos Valley Rd, Los Osos, CA 93402
    View details
    Los Osos Mixed-Use Building
    $752,000
    1,500 SF

    Los Osos Mixed-Use Building

    Commercial building in high-traffic area with potential residential conversion.

    2112 9Th St, Los Osos, CA 93402
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    6.55 Acres in San Luis Obispo
    $1,045,000
    285,318.00 Acres

    6.55 Acres in San Luis Obispo

    Premium land with water access near downtown San Luis Obispo.

    Calle Crotalo, San Luis Obispo, CA 93401
    View details
    Pristine Land Parcel in San Luis Obispo
    $500,000
    3,353,248.80 Acres

    Pristine Land Parcel in San Luis Obispo

    77-acre parcel with homesite potential near West Cuesta Ridge Trail.

    Stage Coach Rd, San Luis Obispo, CA 93405
    View details

    Explore Off-Market Properties in San Luis Obispo, CA

    Consider similar Off-Market properties in San Luis Obispo, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    535 Avila Beach Dr

    535 Avila Beach Dr

    Land • 54.95 Acres
    Value Estimation by Request
    535 Avila Beach Dr, San Luis Obispo, CA 93405
    View details
    145 Ss St

    145 Ss St

    MOBILE HOME PARK, TRAILER PARK • 4.21 Acres
    Value Estimation by Request
    145 Ss St, San Luis Obispo, CA 93401-5050
    View details
    3217 Johnson Ave

    3217 Johnson Ave

    APARTMENT HOUSE (5+ UNITS) • 2.62 Acres
    Value Estimation by Request
    3217 Johnson Ave, San Luis Obispo, CA 93401-6000
    View details
    1255 Orcutt Rd Spc A15

    1255 Orcutt Rd Spc A15

    MOBILE HOME PARK, TRAILER PARK
    Value Estimation by Request
    1255 Orcutt Rd Spc A15, San Luis Obispo, CA 93401-0905
    View details
    625 Ormonde Rd

    625 Ormonde Rd

    MOBILE HOME PARK, TRAILER PARK • 11.07 Acres
    Value Estimation by Request
    625 Ormonde Rd, San Luis Obispo, CA 93401-8410
    View details
    1363 Pismo St

    1363 Pismo St

    APARTMENT HOUSE (5+ UNITS) • 0.78 Acres
    Value Estimation by Request
    1363 Pismo St, San Luis Obispo, CA 93401-3344
    View details
    648 Felton Way

    648 Felton Way

    APARTMENT HOUSE (5+ UNITS) • 1.23 Acres
    Value Estimation
    $650,000
    648 Felton Way, San Luis Obispo, CA 93405-1169
    View details
    274 Higuera St Spc, Unit 28

    274 Higuera St Spc, Unit 28

    CAMPGROUND, RV PARK
    Value Estimation by Request
    274 Higuera St Spc, San Luis Obispo, CA 93401-5001
    View details
    1600 Bishop St

    1600 Bishop St

    APARTMENT HOUSE (5+ UNITS) • 0.30 Acres
    Value Estimation by Request
    1600 Bishop St, San Luis Obispo, CA 93401-4644
    View details

    San Luis Obispo, CA Residential Income Properties Investment Opportunities Market Analysis

    Explore 531 residential income properties for sale in San Luis Obispo, CA, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 945,357,645 square feet of properties for sale, with an estimated market value of $163,280,000.

    Sale prices for residential income properties in San Luis Obispo, CA start at $70,000, averaging $859,368, and reaching up to $7,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Popular Searches in San Luis Obispo, CA

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    Most Searched ZIP Codes in San Luis Obispo, CA

    • 93405
    • 93401

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