1042 Olive Street San Luis Obispo, CA
$ 1,825,000
Property Attributes
  • MLS#SP17277550
  • TypeLand
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • NeighborhoodSan Luis Obispo
  • Zip93405
  • Style
  • Price$ 1,825,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.52 Acres
Listing Provided Courtesy Of:
Matt Sansone with Triad Real Estate Group.
Property Description

Here is your opportunity to purchase a fully entitled mixed use hotel facility. This property currently includes 17 extended stay units and first floor commercial space on approximately one half acre of commercial-tourist zoned space in downtown San Luis Obispo. While the property was approved as an extended stay facility, existing zoning also allows the project to be built as six salable loft units (2-bedroom, 2-bath each), plus 11 extended-stay hotel units, and ground floor commercial lease space. Further uses may be explored at the Buyer's expense with the City. 22,499 square feet of vacant land near Downtown San Luis Obispo, Cal Poly, and Highway 101.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
12/19/2017 Listed $1,825,000

General Features

Community Features Curbs, Sidewalks, Street Lighting, Urban
HOA Fee 0.00
Listagentstatelicense 01956847
Listing Agent Matt Sansone - BRE#01956847
MLS Area SLO - San Luis Obispo
Price Per Square Foot 81.11
Special Listing Conditions Standard
Subdivision San Luis Obispo(380)
Subdivisionnameother San Luis Obispo(380)
Zoning CT

Exterior Features

Lot Features 16-20 Units/Acre, 21-25 Units/Acre, Lot 20000-39999 Sqft
Lot Size Source Assessor
Lot Size Square Feet 22500.00
Lotsizeunits Square Feet
View Peek-A-Boo
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93405

AVG $2.18M
AVG 46
AVG 36

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