258 Albert Drive, San Luis Obispo, CA 93405
$1,800,000 Mortgage Calculator Active Single Family Residence
Property Details
About this Property
Prime investment opportunity only steps from Cal Poly. Unlock exceptional potential with this rare investment property, ideally situated just half a block from Cal Poly! This well-located residence offers immediate rental income and significant future development possibilities. Unbeatable Location. Enjoy the convenience of being mere steps from the vibrant Cal Poly campus, ensuring consistent tenant demand and premium rental rates. The existing residence is a comfortable and functional 4 bedroom, 2 bath home currently generating steady rental income. Junior ADU and ADU Potential. With over 1/3 acre lot, this property boasts ample lot space, presenting a fantastic opportunity to construct an Accessory Dwelling Unit (ADU). Capitalize on the high demand for student housing and increase your rental income significantly. San Luis Obispo's robust rental market, driven by Cuesta/Cal Poly's student population, ensures low vacancy rates and excellent returns. Within this desireable neighborhood, you can benefit from the property's proximity to campus amenities, shops, restaurants, and public transportation, making it highly attractive to students and renters alike. San Luis Obispo's real estate market continues to appreciate, making this property a sound long-term investment.
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MLS Listing Information
MLS #
CRNS25066499
MLS Source
California Regional MLS
Days on Site
19
Interior Features
Appliances
Dishwasher, Other, Oven - Electric, Oven Range - Electric, Refrigerator
Dining Room
In Kitchen
Family Room
Other
Fireplace
Family Room
Laundry
Other
Cooling
None
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Raised
Pool
None
Style
Ranch
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage, Parking Restrictions, Garage: 2 Car(s)
Elementary District
San Luis Coastal Unified
High School District
San Luis Coastal Unified
HOA Fee
$0
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Teach Elementary School | public | 4-6 | 0.13 mi | |
| San Luis Obispo High School | public | 9-12 | 0.84 mi | |
| Peep - De'Groot - Prepare School | public | KG,1,2,3,4,5,6,7,8,9,10,11,12,AE | 1.03 mi | N/A |
| San Luis Coastal Usd Adult | public | UG | 1.03 mi | N/A |
| Pacheco Elementary School | public | K-6 | 1.11 mi | |
| Bishop's Peak Elementary School | public | K-6 | 1.67 mi | |
| Hawthorne Elementary School | public | K-6 | 1.70 mi | |
| Sinsheimer Elementary School | public | K-6 | 1.94 mi | |
| Smith (C. L.) Elementary School | public | K-6 | 2.99 mi | |
| Laguna Middle School | public | 7-8 | 3.17 mi | |
| Pacific Beach High School | public | 10-12 | 3.37 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
258 Albert Drive is a Single Family Residence in San Luis Obispo, CA 93405. This 1,400 square foot property sits on a 0.355 Acres Lot and features 4 bedrooms & 2 full bathrooms. It is currently priced at $1,800,000 and was built in 1953. This address can also be written as 258 Albert Drive, San Luis Obispo, CA 93405.
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This listing information is up-to-date as of March 28, 2025. For the most current information, please contact Cody Wilcoxson, (805) 769-9077
