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$1,550,000

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10,698 Sqft Lot

Active Under Contract

389 Pismo & 1417 Carmel San Luis Obispo, CA 93401

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Nathan King Real Estate Group

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC25064853

HOA Y/N No

Year Built 1929

Lot Size 10,698 Sqft

Property Sub-Type Triplex

Property Description

389 Pismo & 1417 Carmel, this property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. 389 Pismo is a charming 2-bedroom, 1-bath ~890 sq ft house showcasing classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a ¾ bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units—buyers should check with the city regarding development options. 1417 Carmel is a Duplex featuring 2 One bedroom, 1 bath units with approximately 1144 sq ft total, built in the 1950's. Unit A is the larger of the two, and features a comfortable living room, a washer/dryer closet enclosure in the kitchen and a separate bedroom and full bathroom. Unit B offers an open floor plan with a washer/dryer closet enclosure in the living room, a separate bedroom and a full bath. Located in the highly desirable downtown San Luis Obispo area, this property is an exceptional opportunity for investors, developers, or homeowners looking to maximize value. Don't miss out on this rare find!

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Zoning R3

Rooms

Other Rooms Guest House Detached, Two On A Lot

Interior

Cooling None

Flooring Carpet, Vinyl, Wood

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside

Exterior

Parking Features Carport, Driveway, RV Access/Parking

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

View Y/N Yes

View Hills, Neighborhood

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Guest House Detached, Two On A Lot

New Construction No

Others

Senior Community No

Tax ID 003611007

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

Listed by Hal Sweasey Keller Williams Realty Central Coast 805-781-3750

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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