Advertise
    San Luis Obispo, CA
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    San Luis Obispo, CA Residential Income Properties for Sale

    Notify Me
    List
    Map
    Santa Margarita, CA Avila Beach, CA Los Osos, CA
    15 listings
    Multi-Unit Property in Railroad District
    $1,395,000
    2,816 SF
    Multi-Unit Property in Railroad District

    523 Branch Street, San Luis Obispo, CA 93401

    Three residences in a prime San Luis Obispo location.
    • Prime location in San Luis Obispo's desirable Railroad District, near parks and downtown.
    • Three separate residences on a large 8,980± sq ft lot, offering strong income potential.
    • Flexible living options for investors, owner‑occupants, or those seeking rental income.
    • Front residence (523 Branch St) features 3 bedrooms, 1 bathroom, covered porch, and in‑unit laundry.
    • Two additional units (520 South A & B) each with open‑concept living, private yard, bedroom, bathroom, and loft.
    Updated: May 26
    View details
    Charming Multi-Unit Property in San Luis Obispo
    $1,250,000
    1,727 SF
    Charming Multi-Unit Property in San Luis Obispo

    2101 Johnson Avenue, San Luis Obispo, CA 93401

    Three-unit property with strong income potential in a desirable location.
    • Strong income potential from a 3‑unit property in a desirable San Luis Obispo location.
    • Versatile living options: live in one unit and rent the others, or rent all three.
    • Charming 2‑bedroom, 1‑bath main house with vintage character and a private fenced patio.
    • Features a contemporary two‑story duplex with two stylish loft‑style studio units, each with a full bathroom and attached single‑car garage.
    • Unbeatable location near Terrace Hill Open Space, Sinsheimer Park, and Downtown San Luis Obispo.
    Updated: May 11
    View details
    Craftsman Duplex with Detached Barn
    $1,350,000
    2,403 SF
    Craftsman Duplex with Detached Barn

    Two vintage Craftsman-style residences offer flexible 3-bedroom and 1-bedroom rental or household living with added detached barn space.

    1160 Buchon, San Luis Obispo, CA 93401

    View details
    Historic Victorian Residence in San Luis Obispo
    $2,900,000
    5,888 SF
    Historic Victorian Residence in San Luis Obispo

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

    687 Islay, San Luis Obispo, CA 93401

    View details
    Dual Residence in San Luis Obispo
    $1,645,000
    1,714 SF
    Dual Residence in San Luis Obispo

    Remodeled dual-residence property near Cal Poly and downtown.

    667 Howard Street 671, San Luis Obispo, CA 93401

    View details
    San Luis Obispo Triplex Investment
    $1,375,000
    2,380 SF
    San Luis Obispo Triplex Investment

    Three residential units on one property near downtown.

    1420 Johnson Avenue 1428, San Luis Obispo, CA 93401

    View details
    San Luis Obispo Triplex Investment
    $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
    Three-Unit Residential Income Property
    $1,395,000
    0.21 Acres
    Three-Unit Residential Income Property

    Three separate residences on a street-to-street lot, offering flexible living and rental layout with off-street parking.

    523 Branch St, San Luis Obispo, CA 93401

    View details
    Turnkey Triplex in San Luis Obispo
    $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
    Charming Triplex in Desirable Location
    $1,250,000
    Charming Triplex in Desirable Location

    Unique 3-unit property near downtown San Luis Obispo.

    2101 Johnson Avenue, San Luis Obispo, CA 93401

    View details
    Historic Victorian Residence in San Luis Obispo
    $3,900,000
    0.50 Acres
    Historic Victorian Residence in San Luis Obispo

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

    687 Islay, San Luis Obispo, CA 93401

    View details
    Historic Allen House Multifamily Property
    $3,895,000
    4,688 SF
    Historic Allen House Multifamily Property

    Renovated 17-bedroom property in San Luis Obispo's Historic Downtown.

    1700 Osos Street, San Luis Obispo, CA 93401

    View details
    Turnkey Triplex in San Luis Obispo
    $1,299,000
    900 SF
    Turnkey Triplex in San Luis Obispo

    Rare triplex near downtown and Cal Poly with upside potential.

    2101-2103 Johnson Ave, San Luis Obispo, CA 93401

    View details
    Old Town SLO Duplex
    $890,000
    Old Town SLO Duplex

    Duplex with detached studio in old-town San Luis Obispo.

    785 Pepper, San Luis Obispo, CA 93401

    View details
    Multifamily
    $1,510,000
    Multifamily

    Triplexes

    791 Pepper, San Luis Obispo, CA 93401

    View details
    Based on your search, we've compiled 80 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 57 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Updated Home Near Grover Beach
    $1,235,000
    1,799 SF
    Updated Home Near Grover Beach

    Updated 3-bedroom home near the beach with flexible living spaces.

    363 N 5th St, Grover Beach, CA 93433

    View details
    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 Road, Los Osos, CA 93402

    View details
    Commercial Building in High-Traffic Area
    $600,000
    1,500 SF
    Commercial Building in High-Traffic Area

    Commercial building in Los Osos with potential for mixed-use.

    2112 9th, Los Osos, CA 93402

    View details
    Grover Beach Duplex with Garages
    $900,000
    2,080 SF
    Grover Beach Duplex with Garages

    Well-maintained duplex in Grover Beach near shopping and beaches.

    359 N 3rd St, Grover Beach, CA 93433

    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.

    San Luis Obispo View Lot
    $799,000
    11,210.00 Acres
    San Luis Obispo View Lot

    Prime lot in desirable neighborhood with included home plans.

    1636 Encino Ct, San Luis Obispo, CA 93401

    View details
    Spacious Lot in San Luis Obispo
    $599,000
    17,860.00 Acres
    Spacious Lot in San Luis Obispo

    Large lot in desirable neighborhood with views and privacy.

    2171 San Luis Drive, San Luis Obispo, CA 93401

    View details
    San Luis Obispo Land Opportunity
    $499,000
    18,260.00 Acres
    San Luis Obispo Land Opportunity

    Spacious lot in Upper Monterey Heights with stunning views.

    2298 Santa Ynez Avenue, San Luis Obispo, CA 93405

    View details
    77 Acres in San Luis Obispo
    $500,000
    3,353,248.80 Acres
    77 Acres in San Luis Obispo

    Pristine 77-acre parcel bordering West Cuesta Ridge Trail.

    0 Stagecoach Road, San Luis Obispo, CA 93405

    View details

    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.

    1771 Johnson Ave
    APARTMENT HOUSE (5+ UNITS)
    1,903 SF Lot: 0.32 Acres
    Value Estimation by Request

    1771 Johnson Ave, San Luis Obispo, CA 93401

    View details
    279 Br St
    APARTMENT HOUSE (5+ UNITS)
    6,142 SF Lot: 0.46 Acres
    Estimated value
    $2,185,000

    279 Br St, San Luis Obispo, CA 93401-5026

    View details
    60 Casa St
    APARTMENT HOUSE (5+ UNITS)
    10,484 SF Lot: 1.35 Acres
    Value Estimation by Request

    60 Casa St, San Luis Obispo, CA 93405-1867

    View details
    1622 Palm St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.34 Acres
    Estimated value
    $2,600,000

    1622 Palm St, San Luis Obispo, CA 93401

    View details
    1236 Monte Vis Pl
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.66 Acres
    Value Estimation by Request

    1236 Monte Vis Pl, San Luis Obispo, CA 93405-1431

    View details
    1160 Islay St
    APARTMENT HOUSE (5+ UNITS)
    2,311 SF Lot: 0.17 Acres
    Estimated value
    $600,000

    1160 Islay St, San Luis Obispo, CA 93401-3754

    View details
    1341 Osos St
    APARTMENT HOUSE (5+ UNITS)
    11,820 SF Lot: 0.21 Acres
    Estimated value
    $675,000

    1341 Osos St, San Luis Obispo, CA 93401-4055

    View details
    1109 Laurel Ln
    APARTMENT HOUSE (5+ UNITS)
    5,400 SF Lot: 0.25 Acres
    Estimated value
    $865,000

    1109 Laurel Ln, San Luis Obispo, CA 93401-8604

    View details
    455 Brizzolara St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.39 Acres
    Value Estimation by Request

    455 Brizzolara St, San Luis Obispo, CA 93401

    View details

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

    Explore 72 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 24,446 square feet of properties for sale, with an estimated market value of $16,504,000.

    Sale prices for residential income properties in San Luis Obispo, CA start at $1,250,000, averaging $1,833,777, and reaching up to $3,895,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 19
    Triplexes 9
    Duplexes 4
    Apartment buildings 3
    Mobile home & RV parks 3

    Demographics Overview

    Population 79K
    Population Growth (5Y) -12.3%
    Median Household Income $82,388
    College Educated 27.6%

    High-Yield Neighborhoods for Investment

    Identify San Luis Obispo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93401 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $13.51 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in San Luis Obispo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in San Luis Obispo County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in San Luis Obispo fall within the 10,000 to 25,000 square foot range.

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in San Luis Obispo, CA

    Popular Categories

    Most Searched ZIP Codes in San Luis Obispo, CA

    • 93401

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!