35 Blarney San Luis Obispo, CA $ 2,950,000
35 Blarney
$ 2,950,000
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35 Blarney

San Luis Obispo, CA, 93405
$ 2,950,000
Baths0.0 Sq 5,398

Monthly Estimate*

$ 18,164

Listed by Kestly Realty Group Inc.
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Studio

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

for $2,950,000. This 5,398 square foot home was built in 1930 on a lot size of 4.78.

This exceptional multi-unit property delivers strong cash flow from day one with 7 long-term rentals plus additional rentable spaces. Most units feature private fenced yards for enhanced tenant appeal and privacy. Set in a peaceful country location yet just minutes from town, it boasts beautiful views of Bishop Peak and Madonna Mountain—ideal for enjoying Central Coast living. Highlights include a rented barn for extra income and a versatile shop ready for use or future rental. With room to add units (subject to county approval, buyer to verify), this is a turnkey cash-flow opportunity with excellent growth potential in one of California's most sought-after areas. Perfect for investors seeking proven performance, privacy, stunning scenery, and prime location. A rare find—don't miss out!

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Multi-Family Active

Price

$ 2,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

4.78

Year Built

1930

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

SC26048875

Days on Market

100

Features
General
Sewer Septic Type Unknown
Utilities Electricity Connected Natural Gas Connected
Possession Close Of Escrow
Roof Asphalt
Appliances Gas Range Microwave Refrigerator Water Heater
Garage Spaces 0
Pool Features None
Year Built 1930
View Mountain(s)
Stories Count 1
Levels One
Property Subtype Mixed Use
Tax Year 2025
Gross Income 233400
Community Features Storm Drain(s)
County San Luis Obispo
Net Operating Income 205536
Operating Expense 27864
Insurance Expense 8556
New Construction false
Property Type Residential Income
Subdivision Name San Luis Obispo(380)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Take Foothill to Blarney Lane.
City San Luis Obispo
Entry Location N/A
Senior Community Y/N false
Number Of Units Total 12
MLS Area SLO - San Luis Obispo
Lot Size Units Square Feet
Lot Size Square Feet 208217
Number of Units Leased 12
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 3840
Current Financing Conventional
Fuel Expense 0
Trash Expense 3036
Water Sewer Expense 432
Additional Parcels Y/N false
Rent Control Y/N false
Virtual Tour https://view.knapp-media.com/35_blarney_ln-7574?branding=false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 16
Total Actual Rent 19450
Property Sub Type Additional Mixed Use
Cap Rate 7
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Interior
Total Stories 1
Common Walls No Common Walls
Laundry Features Electric Dryer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Fencing Wood
Parking Features Concrete
Lot Features 6-10 Units/Acre
Water Source Well
Total Parking 0
Lot Size Area 208217
Number of Buildings 9
Building Area Total 5398
Lot Dimensions 200x1028
Lot Size Acres 4.78
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 6
Number of Separate Electric Meters 7
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* Excluded Features
List By
Kestly Realty Group Inc.

Broker

jtroygray@gmail.com

Email

Affordability Calculator

$18,164
Per Month
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Monthly Principal & Interest
$18,164
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Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
4/4/2026$2,950,000 Listed Price

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35 Blarney, San Luis Obispo, CA, 93405 is a Multi-Family Home for sale at $2,950,000 with 5,398 sqft and a lot size of 4.78. 35 Blarney is a studio with 0.0 baths and was built in 1930. The property's zip code is 93405 which is in San Luis Obispo, CA