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1771 Johnson Ave

San Luis Obispo, CA 93401

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$3,900,000

13,065 sq ft
  |  
0.30 acre

1771 Johnson Ave

San Luis Obispo, CA 93401

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Listed On: 09/11/2025
Status: Pending (Taking Backup Offers)
Listing Number: SC25199710 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Elizabeth Lee, Triad Real Estate Group

 Price Improvement! One-of-a-kind investment opportunity in downtown San Luis Obispo. This property includes nine incredibly well built, standalone, single-family cottages all with attached single car garages. The nine cottages consist of three 2 bed/1.5 bath, two studio/1 bath and four 1 bed/1.5 bath. Each cottage has its own personal backyard and additional off street parking space. All units boast an abundance of natural light, steel roofing, dual pane encased windows, original bamboo flooring, high ceilings and Rinnai tankless water heaters. Washer and dryer hook ups located in each garage. Entry and driveways consist of cobble pavers and lined with mature landscaping. Property includes a quaint and maintained common area seating area. This property is centrally located, minutes from the famous downtown area, Cal Poly Campus, SLO High campus, 101 access, local wineries and hiking trails. It sits in the beautiful banana belt weather area. This property is highly desirable to renters and has historically low vacancies.
Property Sub Type
Single Family Residence
Year Built
2010
Year Built Source
Assessor
Special Listing Conditions
Standard
Stories Total
3
Levels
Three Or More
Number Of Buildings
9
Number Of Units Total
9
Entry Level
1
Entry Location
Ground
Price Per Square Foot
$299
Price Per Unit
$433,333
Days On Market
96
Cumulative Days On Market
381
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
No
Rent Control Y/N
No
Cooling Y/N
No
Fence Y/N
Yes
Heating Y/N
Yes
Directions
Take California Exit to Johnson Avenue, enter property going South on Johnson
Architectural Style
Cottage
Room Type
All Bedrooms Up, Entry, Kitchen, Living Room
Heating
Electric, Forced Air
Cooling
None
Laundry Y/N
Yes
Laundry Features
Electric Dryer Hookup, In Garage, Washer Hookup
Laundry Equipment Own Lease
Own
Roof
Metal
Security Features
Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
Construction Materials
Drywall Walls, Fiberglass Siding, Wood Siding
Door Features
Mirror Closet Door(s)
Window Features
Blinds, Double Pane Windows, Screens, Wood Frames
Foundation Details
Raised, Slab
Property Condition
Turnkey
Appliances Y/N
Yes
Appliances
Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Oven, Microwave, Range Hood, Refrigerator, Tankless Water Heater
Interior Features
2 Staircases,High Ceilings,Stone Counters
Flooring
Bamboo, Carpet, Concrete, Vinyl
Common Walls
No Common Walls
Fireplace Y/N
No
Fireplace Features
None
Exterior Features
Lighting
Pool Features
None
Pool Private Y/N
No
Spa Y/N
No
Spa Features
None
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
9
Number Of Separate Gas Meters
9
Number Of Separate Water Meters
9
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
2.00
Parking Features
Direct Garage Access, Paved, Garage Faces Front, Garage - Single Door, Garage Door Opener, Off Street, On Site
Garage Spaces
1.00
Uncovered Spaces
1.00
Lot Features
6-10 Units/Acre,Back Yard,Landscaped,Sprinklers Drip System
Lot Size Area
13065.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street
Road Surface Type
Paved
View Y/N
Yes
View
City Lights, Hills, Mountain(s), Neighborhood
Fencing
Fair Condition, Wood
Common Interest
None
Parcel Number
003563025
Additional Parcels Y/N
No
Zoning
R3
Subdivision Name
San Luis Obispo(380)
Subdivision Name Other
San Luis Obispo(380)
Community Features
Biking, Curbs, Foothills, Hiking, Sidewalks, Street Lights, Suburban
Senior Community Y/N
No
Association Y/N
No
Number Of Units Leased
9
Tenant Pays
All Utilities
Gross Income
266000.00
Operating Expense
85000.00
Land Lease Y/N
No
Assessments
None
Insurance Expense
6800.00
Water Sewer Expense
1200.00
Trash Expense
520.00
Professional Management Expense
12600.00
Gross Income
266000.00
Number Of Rented Garages
0
Total Expenses
85000.00
Net Operating Income
181000.00
Operating Expense
85000.00
Gross Income
266000.00
Net Operating Income
181000.00
Tax Block
3
Tax Census Tract
110.02
Tax Lot
22

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2025  London Properties, Ltd. All rights reserved.

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