254 Grand Avenue, San Luis Obispo, CA 93405

$2,200,000 Asking Price

8 beds
3 baths
1,970  sqft
Built in 1949

Welcome to 254 Grand Ave in San Luis Obispo! The main house, freshly remodeled in 2024, boasts four bedrooms, a modern bathroom and attached garage. Additionally, a newly constructed ADU offers four bedrooms and two bathrooms, perfect for accommodating guests or tenants. Situated near the college campus and downtown area, this property presents a fantastic opportunity for student rentals. With its prime location close to the college campus and downtown amenities, 254 Grand Ave is an ideal investment for student housing. The main house's recent renovation ensures a comfortable living space, while the ADU provides additional flexibility for tenants. Don't miss out on the chance to own a property with great potential for rental income in this sought-after area of San Luis Obispo.

Features & Amenities

Interior

General:
Recessed Lighting,Unfurnished
Laundry:
Closet Full Sized,Closet Stacked
Flooring:
Linoleum/Vinyl
A/C:
Electric,Energy Star
Heating:
Forced Air Unit,Energy Star
Fireplace:
N/K
Disability Feature:
Parking

Exterior

General:
Stucco,Ducts Prof Air-Sealed
Style:
Craftsman/Bungalow
Pool:
None
Parking:
Driveway, Parking spaces: 3

Construction

Roofing:
Composition
General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
San Luis Obispo

Lot

Zoning:
R1, 052116016
View:
Mountains/Hills
Fencing:
Excellent Condition,Wood

Utilities

Utilities:
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Pismo Coast Realty, Clayton Gambril

About San Luis Obispo, CA

Housing

Number of Units
25,677
Median Home Value
$720,160
Median Rent
$1,496

52.79% of housing units are renter occupied.

8.94% are vacant.

Commute

Car
53.93%
Public Transportation
1.46%
Walk to Work
9.23%
Work from Home
31.00%
Other
0.10%

The median travel time to work is 11 minutes.

People

Population
67,371
Median Age
32.80
Median Household Size
2.60

Education

High School
15.67%
Associate’s Degree
7.77%
Bachelor’s Degree
26.33%
Graduate Degree
20.81%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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