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165 Cerro Romauldo Avenue San Luis Obispo, CA $ 1,188,000
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$ 1,188,000 Get more info
165 Cerro Romauldo Avenue
$ 1,188,000
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165 Cerro Romauldo Avenue

San Luis Obispo, CA, 93405
$ 1,188,000
Baths1.0 Sq 1,420

Monthly Estimate*

$ 7,412

Listed by Comet Realty
​
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Studio

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

for $1,188,000 with 1 full bath. This 1,420 square foot home was built in 1935 on a lot size of 0.1148.

Unique income-producing property in beautiful San Luis Obispo! This versatile property includes two completely separate units, ideal for investment, multi-generational living, or owner-occupancy with rental income. **Front Unit – 165 Cerro Romauldo (Approx. 420 sq. ft., 1 Bed / 1 Bath) -Fully renovated in 2022 with new plumbing, electrical, and interior finishes -Updated kitchen with newer appliances; washer, dryer and refrigerator included -New roof and replaced sewer lateral. *Private fenced yard and single-car carport **Back Unit – 167 Cerro Romauldo (Approx. 1,000 sq. ft., 3 Beds / 1 Bath) -Newly constructed ADU with private entrance -Owned solar panels, 9' ceilings, and air conditioning -Low-maintenance, drought-tolerant landscaping *Investment Highlights -Both units leased through June 2026 for a combined $6,000/month (165: $2,200 | 167: $3,800) -Excellent opportunity for steady rental income or future owner occupancy This property is offered AS-IS. Conveniently located near downtown SLO, parks, and Cal Poly. Don’t miss this outstanding investment opportunity!

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Multi-Family Active

Price

$ 1,188,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1148

Year Built

1935

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

SC25253370

Days on Market

50
Features
General
Sewer Public Sewer
Heating Electric ENERGY STAR Qualified Equipment Heat Pump Solar
Cooling Central Air Electric ENERGY STAR Qualified Equipment Heat Pump Zoned
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Not Available Sewer Connected Underground Utilities Water Connected Overhead Utilities
Roof Composition
Appliances ENERGY STAR Qualified Appliances ENERGY STAR Qualified Water Heater Exhaust Fan Electric Oven Electric Range Electric Water Heater Free-Standing Range Refrigerator Tankless Water Heater Water To Refrigerator Water Heater
Zoning R1
HOA Fee 0
Garage Spaces 0
Pool Features None
Security Features Carbon Monoxide Detector(s)
Construction Materials Cedar Cement Siding Drywall Ducts Professionally Air-Sealed Glass HardiPlank Type Lap Siding Concrete Radiant Barrier
Year Built 1935
Electric Electricity - On Property 220 Volts in Kitchen 220 Volts in Laundry Photovoltaics on Grid Photovoltaics Seller Owned 220 Volts
Tenant Pays All Utilities
View Mountain(s)
Stories Count 1
Levels One
Property Subtype Single Family Residence
Gross Income 6000
Community Features Biking Curbs Gutter(s) Hiking Storm Drain(s) Street Lights Suburban Sidewalks Park
Accessibility No Stairs Accessible Doors
County San Luis Obispo
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction 0
Property Type Residential Income
HOA 0
Energy Efficient Construction HVAC Lighting Thermostat Windows Appliances Water Heater
Subdivision Name San Luis Obispo(380)
Garage Y/N 0
Green Energy Generation Solar
Green Water Conservation Low-Flow Fixtures
Other Structures Two On A Lot
Special Listing Conditions Standard
Status Active
Directions West on E.Foothill Blvd. Right on Patricia. Left on Cerro Romauldo
City San Luis Obispo
Entry Location 1
Senior Community Y/N 0
Number Of Units Total 2
MLS Area SLO - San Luis Obispo
Lot Size Units Square Feet
Lot Size Square Feet 5000
Carport Y/N 1
Number of Units Leased 2
Listing Terms Cash to New Loan
Property Attached Y/N 0
Land Lease Y/N 0
Electric Expense 0
Fuel Expense 0
Property Condition Additions/Alterations Updated/Remodeled
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
Year Built Source Other
Tax Lot 2
Virtual Tour https://re.centralcoast.media/165-167-Cerro-Romauldo-Ave
Total Actual Rent 6000
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Ceiling Fan(s) High Ceilings Open Floorplan Recessed Lighting Unfurnished All Bedrooms Down Galley Kitchen
Flooring Vinyl
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N 1
Heating Y/N 1
Fireplace Y/N 0
Laundry Features Washer Hookup Electric Dryer Hookup Gas Dryer Hookup Inside See Remarks Stacked
Entry Level 1
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Exterior
Fencing Excellent Condition New Condition Wood
Parking Features Carport
Lot Features 0-1 Unit/Acre Front Yard Near Park Rectangular Lot Street Level
Water Source Public
Total Parking 0
Inclusions Washer/dryer Refrigerator
Lot Size Area 5000
Foundation Details Raised Slab
Number of Buildings 2
Building Area Total 1420
Lot Size Acres 0.1148
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded Features
List By
Comet Realty

Broker

kristincometrealty@gmail.com

Email

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$7,412
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$7,412
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,188,000 Listed Price

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165 Cerro Romauldo Avenue, San Luis Obispo, CA, 93405 is a Multi-Family Home for sale at $1,188,000 with 1,420 sqft and a lot size of 0.1148. 165 Cerro Romauldo Avenue is a studio with 1.0 baths and was built in 1935. The property's zip code is 93405 which is in San Luis Obispo, CA

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