2730 McMillan Avenue San Luis Obispo, CA ^$ 2,550,000

2730 McMillan Avenue

^$ 2,550,000

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2730 McMillan Avenue

San Luis Obispo, CA, 93401

^$ 2,550,000

Studio Baths1.0 Sq 41,884

Monthly Estimate*

^$ 15,909

Listed by Venture Real Estate

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Studio

Multi-Family Home for sale in San Luis Obispo, CA

for $2,550,000 with 1 full bath. This 41,884 square foot home was built in 2025 on a lot size of 1.1.

Welcome to 2730 McMillan! This 46-unit apartment project exemplifies one of the best opportunities to build modern apartment living in San Luis Obispo. Top of market community and apartment amenities provide residents a comfortable oasis. The property benefits from its location, less than a mile from downtown San Luis Obispo, giving residents the benefits of walking and biking to downtown. In addition its premier location also is less than two blocks away from Duncan Alley, Crossroads and many other coffee shops and local restaurants. New ownership will benefit from the well designed project by Arris Architecture and a bid in hand from JW Design.

Multi-Family Contingent

Price

^$ 2,550,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

1.1

Year Built

2025

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

SC25013740

Days on Market

334

Features

General

Sewer Public Sewer

Appliances Dryer Washer

Zoning M

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 2025

View Hills

Property Subtype Apartment

Gross Income 0

Community Features Dog Park Hiking Park Storm Drain(s) Sidewalks

County San Luis Obispo

Net Operating Income 1097017

Operating Expense 445106

Insurance Expense 0

New Construction 0

Property Type Residential Income

HOA 0

Subdivision Name San Luis Obispo(380)

Garage Y/N 0

Special Listing Conditions Standard

Status Active Under Contract

Directions Orcutt Road to McMillan. Take McMillan to the end of the cut-de-sac.

City San Luis Obispo

Entry Location Parking Lot

Senior Community Y/N 0

Number Of Units Total 46

MLS Area SLO - San Luis Obispo

Lot Size Units Square Feet

Lot Size Square Feet 47916

Listing Terms Cash Cash to New Loan 1031 Exchange

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N 0

Rent Control Y/N 0

Building Area Units Square Feet

Standard Status Active Under Contract

Year Built Source See Remarks

Tax Lot 11

Property Sub Type Additional Apartment

Interior

Total Stories 4

Common Walls 2+ Common Walls

Entry Level 1

Exterior

Lot Features 0-1 Unit/Acre Corner Lot Cul-De-Sac

Water Source Public

Total Parking 0

Lot Size Area 47916

Number of Buildings 1

Building Area Total 41884

Lot Size Acres 1.1

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 46

* Excluded Features

List By

Venture Real Estate

Broker

anthony@venturerealestate.io

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$15,909

Per Month

Monthly Principal & Interest: $15,909
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Luis Obispo, CA

Average List Price ^$1,966,857

Percent of Sale Price 23%

About San Luis Obispo, CA

47,311 Population

11% Since 2002

^$55,617 Median Income

30.28 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$2,550,000		Listed Price

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2730 McMillan Avenue, San Luis Obispo, CA, 93401 is a Multi-Family Home for sale at $2,550,000 with 41,884 sqft and a lot size of 1.1. 2730 McMillan Avenue is a studio with 1.0 baths and was built in 2025. The property's zip code is 93401 which is in San Luis Obispo, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/20/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2730 McMillan Avenue

Multi-Family Home for sale in San Luis Obispo, CA

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