258 Albert Drive San Luis Obispo CA 93405 MLS #NS25066499

258 Albert Drive
San Luis Obispo, CA, 93405
$1,800,000
4 Beds
2 Baths
1,400 SqFt
0.36 Acres
$1,800,000
258 Albert Drive
San Luis Obispo, CA, 93405
Prime investment opportunity only steps from Cal Poly. Unlock exceptional potential with this rare investment property, ideally situated just half a block from Cal Poly! This well-located residence offers immediate rental income and significant future development possibilities.
Unbeatable Location. Enjoy the convenience of being mere steps from the vibrant Cal Poly campus, ensuring consistent tenant demand and premium rental rates.

The existing residence is a comfortable and functional 4 bedroom, 2 bath home currently generating steady rental income. Junior ADU and ADU Potential. With over 1/3 acre lot, this property boasts ample lot space, presenting a fantastic opportunity to construct an Accessory Dwelling Unit (ADU). Capitalize on the high demand for student housing and increase your rental income significantly. San Luis Obispo’s robust rental market, driven by Cuesta/Cal Poly’s student population, ensures low vacancy rates and excellent returns.

Within this desireable neighborhood, you can benefit from the property’s proximity to campus amenities, shops, restaurants, and public transportation, making it highly attractive to students and renters alike. San Luis Obispo’s real estate market continues to appreciate, making this property a sound long-term investment.

Don’t miss out on this exceptional opportunity to own a prime investment property in one of California’s most desirable locations. Schedule a showing today and explore the endless possibilities this property has to offer!

Property Details

Price:
$1,800,000
MLS #:
NS25066499
Status:
Pending
Beds:
4
Baths:
2
Address:
258 Albert Drive
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
City:
San Luis Obispo
Listed Date:
Mar 11, 2025
State:
CA
Finished Sq Ft:
1,400
ZIP:
93405
Lot Size:
15,463 sqft / 0.36 acres (approx)
Year Built:
1953

Schools

School District:
San Luis Coastal Unified

Interior

Accessibility Features
Doors – Swing In, Other
Appliances
Dishwasher, Electric Oven, Electric Range, Refrigerator
Cooling
None
Fireplace Features
Family Room
Flooring
Vinyl, Wood
Heating
Central
Interior Features
Built-in Features, Living Room Deck Attached
Window Features
Screens

Exterior

Community Features
Biking, Curbs, Street Lights, Suburban
Electric
Electricity – Unknown
Exterior Features
Awning(s)
Fencing
Chain Link, Wood
Foundation Details
Raised
Garage Spaces
2.00
Lot Features
Garden, Lot 10000-19999 Sqft, Near Public Transit, Yard
Parking Features
Garage Faces Side, On Site, Permit Required
Parking Spots
2.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Neighborhood
Water Source
Public

Financial

Association Fee
0.00
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
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258 Albert Drive
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