$1,188,000

165 Cerro Romauldo Avenue, San Luis Obispo, CA 93405

  • 4 beds
  • 1,420 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1935
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $837/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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!

Listing Status:
Active
Date Added:
November 9, 2025 at 06:00AM
Listing Office:
Comet Realty : 805-546-9925
Listing Agent:
Kristin Lachemann : 805-546-9925
MLS ID:
CRSC25253370
  • General: Energy Star Lighting
  • Appliances: Electric Water HeaterTankless Water HeaterENERGY STAR Qualified Appliances
  • Laundry: OtherInsideSee Remarks
  • Flooring: Vinyl
  • A/C: Central AirHeat PumpOtherENERGY STAR Qualified Equipment
  • Heating: ElectricHeat PumpSolar
  • Disability Feature: Accessible DoorsOther
  • Eco/Green Feature: OtherAppliancesThermostatWater Heater
  • General: Front YardOther
  • Parking: Other
  • Windows: ENERGY STAR Qualified Windows
  • General: ConcreteLapOtherCement SidingGlass
  • HOA Amenities: 0.0
  • County: San Luis Obispo
  • Zoning: R1052011049
  • View: Mountain(s)
  • Fencing: Wood

This listing courtesy of Kristin Lachemann, Comet Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Bishop’s Peak Elementary School

451 Jaycee Dr, San Luis Obispo, CA, 93405

Grades KG-6

0.16 miles away

P

Peep - Prepare

1500 Lizzie St, San Luis Obispo, CA, 93401

Grades KG-12

2.16 miles away

S

San Luis Obispo High School

1499 San Luis Dr, San Luis Obispo, CA, 93401

Grades 9-12

2.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.