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124 128 Stenner

San Luis Obispo, CA 93405

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$2,200,000

2,334 sq ft
  |  
0.14 acre

124 128 Stenner

San Luis Obispo, CA 93405

Listed On: 08/17/2026
Status: Active
Listing Number: SC26171467 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Steve Ferrario, BHGRE HAVEN PROPERTIES

124/128 Stenner st. offers an amazing opportunity to own a 4 unit complex located in a highly desirable college district walking district to Cal Poly. The property consists of a front 2-bedroom, 1-bath home, along with three upstairs units: two spacious studio apartments and a large 2-bedroom, 2-bath unit featuring two private decks. The property has recently been refreshed with new interior paint and vinyl plank flooring throughout. The front deck of the main house has been completely rebuilt, along with the exterior stairway providing access to the upstairs units. Each unit is separately metered for electricity and gas, while water is provided through a master meter. The property also features a large carport with ample off-street parking to accommodate residents. There may also be potential to explore converting a portion of the existing carport area into additional living space, subject to applicable zoning, permitting, and city requirements. Properties like this rarely become available. This is an excellent opportunity to own a centrally located, four-unit property with established college-rental potential and a proven rental history, just minutes from Cal Poly and all that San Luis Obispo has to offer. The past rental cycle from 7/1/25-6/25/26 property was leased at $13k/mo.
Property Sub Type
Apartment
Year Built
1941
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
1
Levels
One, Two
Number Of Buildings
1
Number Of Units Total
4
Entry Level
1
Price Per Square Foot
$943
Price Per Unit
$550,000
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Fence Y/N
Yes
Directions
Santa Rosa to Murray Ave to Stenner St
Laundry Y/N
Yes
Laundry Features
Inside, Gas Dryer Hookup, In Carport
Roof
Composition
Construction Materials
Stucco
Foundation Details
Raised
Flooring
Vinyl
Common Walls
1 Common Wall
Pool Features
None
Pool Private Y/N
No
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 With Refrigerator
4
Number With Range
4
Number Of Separate Electric Meters
5
Number Of Separate Gas Meters
4
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Features
Attached Carport
Lot Features
Level with Street, Front Yard
Lot Size Area
6000.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Fencing
Wood
Common Interest
None
Parcel Number
052193003
Additional Parcels Y/N
No
Zoning
R4
Subdivision Name
San Luis Obispo(380)
Subdivision Name Other
San Luis Obispo(380)
Community Features
Street Lights, Sidewalks
Senior Community Y/N
No
Association Y/N
No
Inclusions
Refrigerators, stoves, stacking laundry machines.
Tenant Pays
All Utilities
Gross Income
13000.00
Operating Expense
10000.00
Land Lease Y/N
No
Assessments
None
Insurance Expense
3000.00
Professional Management Expense
10000.00
New Taxes Expense
22000.00
Gross Scheduled Income
156000.00
Gross Income
13000.00
Total Expenses
25000.00
Net Operating Income
146600.00
Operating Expense
10000.00
Gross Income
13000.00
Net Operating Income
146600.00
Tax Lot
2

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.

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