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491 Branch St

San Luis Obispo, CA 93401

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$1,549,000

2,744 sq ft
  |  
0.21 acre

491 Branch St

San Luis Obispo, CA 93401

Listed On: 08/13/2026
Status: Active
Listing Number: SC26177285 (CRMLS)

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Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Kurtis Wurster, BHGRE HAVEN PROPERTIES

Fully leased 4-unit investment ideally located in central San Luis Obispo on a 9,000 square foot lot with two buildings that total 2,744 square feet of living area. All four units are permitted. Current gross rents total $8,040/month ($96,480/year). 491 Branch St is 872 square feet, 2BD/1BA, standalone house with in-unit laundry and private patio at $2,550/month. 498 South St #C is 972 square feet, two-story, 2BD/1BA with in-unit laundry, facing the interior parking area, at $2,400/month. 498 South St #A is a 450 square foot open-loft studio facing South Street at $1,800/month. 498 South St #B is a 450 square foot open-loft studio facing South Street at $1,290/month. Five on-site parking spaces (shared use, single parcel) are accessed via Branch Street, with additional street parking available on both Branch and South streets. Central location near downtown SLO, with Hawthorne elementary school directly across the street. Information deemed reliable but not guaranteed.
Property Sub Type
Single Family Residence
Year Built
1990
Year Built Source
Assessor
Special Listing Conditions
Trust
Stories Total
1
Levels
One, Two
Number Of Buildings
2
Number Of Units Total
4
Entry Level
1
Entry Location
ground floor
Price Per Square Foot
$565
Price Per Unit
$387,250
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
Cooling Y/N
No
Fence Y/N
Yes
Heating Y/N
Yes
Directions
From Broad Street turn on Branch St. Park on Branch Street.
Room Type
Kitchen, Living Room
Heating
Wall Furnace
Cooling
None
Laundry Y/N
Yes
Laundry Features
See Remarks
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Window Features
Double Pane Windows
Foundation Details
Slab
Appliances Y/N
Yes
Appliances
Refrigerator, Gas Water Heater, Gas Range, Dishwasher
Accessibility Features
None
Common Walls
2+ Common Walls
Fireplace Y/N
No
Fireplace Features
None
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 With Refrigerator
4
Number With Range
4
Number With Dishwasher
4
Number With Disposal
4
Number Of Separate Electric Meters
4
Number Of Separate Gas Meters
4
Number Of Separate Water Meters
4
Utilities
Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
Water Source
Public
Sewer
Public Sewer
Parking Total
5.00
Parking Features
On Site, Street
Uncovered Spaces
5.00
Lot Features
Lawn
Lot Size Area
9000.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Frontage Type
City Street
Road Surface Type
Paved
View Y/N
No
View
None
Fencing
Wood
Common Interest
None
Parcel Number
003739023
Additional Parcels Y/N
No
Subdivision Name
San Luis Obispo(380)
Subdivision Name Other
San Luis Obispo(380)
Community Features
Curbs, Street Lights
Senior Community Y/N
No
Association Y/N
No
Exclusions
Tenant owned items
Number Of Units Leased
4
Tenant Pays
Gas, Water, Sewer, Electricity
Gross Income
96480.00
Operating Expense
29464.00
Total Actual Rent
8040.00
Land Lease Y/N
No
Assessments
None
Trash Expense
2086.00
Gardener Expense
65.00
Professional Management Expense
240.00
Gross Scheduled Income
96480.00
Gross Income
96480.00
Number Of Rented Garages
0
Total Expenses
29464.00
Net Operating Income
67016.00
Operating Expense
29464.00
Gross Income
96480.00
Net Operating Income
67016.00
Tax Block
11
Tax Lot
27

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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