652 Morro Street, San Luis Obispo, CA 93401 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
Email MeEmail Me
Menu

652 Morro Street, San Luis Obispo, CA 93401

$3,200,000 Approx. USD 0 beds, 0 baths
Save My Notes
Share

Listing Agent


Erica Hinojosa | ehino805@gmail.com
Lic#: 01987938
Broker: Courtesy of Berkshire Hathaway Home Servic

Co Listing Agent


Bryan Friedman | bhfried@gmail.com
Lic#: 00883991
Broker: Courtesy of Berkshire Hathaway Home Servic

Agent Remarks

Very rare investment opportunity in downtown San Luis obispo. Historically operated as a boutique motel in a prime location just a few short blocks away from restaurants, shopping, theaters, city services and all downtown has to offer. This property consists of a total of thirteen standalone units including a 2 bedroom home with two car garage and twelve separate cottages. The individual furnished cottages consist of eight 1 bedroom units and four studios. This unique corner lot of almost 1/2 acre offers residents very close proximity to all of the downtown amenities and Cal Poly along with the onsite conveniences of a separate laundry facility and designated parking. The current below market rents present a huge short term upside opportunity for any experienced investor. Additionally, the long term redevelopment potential of this property would be highly desirable to any opportunistic investor or developer. The new owners can choose to operate this asset as either a motel, Airbnb, long term rental or combination thereof, laying the foundation for the ultimate operational flexibility in maximizing cash flow while they plan for the future redevelopment. Don't let this once in a lifetime investment opportunity slip through your fingers as these types of properties do not come available often.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Pending
MLS# PI25097884
Price: $3,200,000
Beds: 0
Baths: 0
Built in 1948
0.50 acres
Lot size: 0.4993
Subdivision: San Luis Obispo(380)
County: San Luis Obispo
Parking description: Assigned,Garage,On Site
Lot description: Sloped Up
MLS area: SLO - San Luis Obispo

Last Updated: 5/17/2025

 Days On Market (DOM): 14

 Find more San Luis Obispo homes and real estate

 Find more homes in 93401 zip code

This listing belongs to the SLO - San Luis Obispo MLS area

 Find more homes in the San Luis Obispo(380) subdivision

Lat/Long: 35.284457, -120.664657.
Find nearby listings

Source: CRM. Also Available in PI25094051,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

93401 Area Map

Demographics

Schools

Near by

Similar Listings

Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692