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Listed by Lindsey Harn • Christie's International Real Estate Sereno
$ 1,495,000
Est. payment /mo
Active Under Contract
1328 Archer Street San Luis Obispo, CA 93401
2,313 SqFt
UPDATED:
01/23/2025 05:32 PM
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,313 sqft
Price per Sqft $646
MLS Listing ID SC-25004856
Year Built 1900
Lot Size 6,100 Sqft
Property Description
Situated in the heart of San Luis Obispo, this triplex combines location, convenience, and opportunity. Fully occupied, this property has the opportunity for immediate income generation with the possibility for future expansion. Located just steps from the vibrant downtown area, residents enjoy unparalleled access to charming local businesses, popular restaurants, and the iconic Thursday Night Farmers' Market. The triplex includes a mix of units to suit various tenant needs: one 2-bedroom, 1-bath unit, one 1-bedroom, 1-bath unit, one 1-bedroom with a small loft, 1-bath unit. A shared laundry area provides convenience for tenants, while private off-street parking enhances the property's appeal. Situated on a generous lot, there's room to add an additional unit and expand parking--buyers are encouraged to verify possibilities with the city. This property may also qualify for the Mills Act, offering potential tax savings (check eligibility with the city). Don't miss this chance to own a versatile investment property in a highly sought-after location. Whether you're a seasoned investor or new to the market, 1328 Archer offers a unique opportunity to grow your portfolio in one of San Luis Obispo's most desirable areas.
Location
State CA
County San Luis Obispo
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type None
Laundry Outside
Exterior
Parking Features Off Street, Private
Pool None
Community Features Park, Sidewalks
View Y/N Yes
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer