258 Albert Drive, San Luis Obispo, CA 93405

← Back to search

Active Under Contract

$1,800,000

bedrooms

bathrooms

square feet

1,400

Acreage

0.355

Open Houses

year built

1953

Full Baths

Half Baths

Find out more

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. Don't miss out on this exceptional opportunity to own a prime investment property in one of California's most desirable locations. Schedule a showing today and explore the endless possibilities this property has to offer!

Location
Subdivision	San Luis Obispo(380)
County	San Luis Obispo
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Mercury News, Cody Wilcoxson, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: NS25066499

Listing agent: Cody Wilcoxson #01847871

Listing broker: Oak & Roots Real Estate Group (805) 748-2477

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 3:21 p.m. EDT

Kotohomes National