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A special opportunity near downtown San Luis Obispo, 1929 Chorro Street features three separate residences on a 7,500 sf parcel, offering strong income potential with the flexibility for an owner-occupant or multigenerational living. The main residence is a three-bedroom, two-bath home with approximately 1,095 sf of living space. Built in 1910, the home includes hardwood cabinetry, stainless steel appliances, and tile countertops in the kitchen, porcelain countertops in the bathroom, and tile-and-fiberglass wainscoting in the shower. Flooring is a mix of wood laminate, tile, and vinyl, with an interior laundry area. A welcoming front yard creates a distinct outdoor space for the main residence, which is currently leased for $3,356/month. Two detached one-bedroom units sit apart from the main home. Unit A offers approximately 607 sf with a spacious living area, one bedroom, one bathroom, a small outdoor patio, and exclusive access to a 419 sf detached storage room. Unit B also offers approximately 607 sf, with abundant natural light, a view of Cerro San Luis from the kitchen, tile countertops, and a small bar area with room for stools. Both units are currently leased at $1,500/month, which is under market value, and feature wood-like laminate and tile flooring. The two units share a detached 80 sf laundry room. The property also offers off-street parking for all three residences, plus a garage and additional storage area. There are 2 gas meters, 1 water meter, and 3 electric meters on site. Three independent living spaces. Established rental income. A prime location just steps from downtown's restaurants, shops, and everyday conveniences. This property should not be missed! Information not verified.
| Last Updated | 8/26/2026 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1910 | Community | SLO - San Luis Obispo |
| County | San Luis Obispo |
Price History
| Prior to Aug 26, '26 | $1,549,000 |
|---|---|
| Aug 26, '26 - Today | $1,495,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Disposal, Electric Range, Washer/Dryer Stacked, Water Heater |
| AREA | SLO - San Luis Obispo |
| CONSTRUCTION | Wood Siding |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 7501 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 7500 |
| PARKING | Driveway, Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Hills, Neighborhood |
| WATER | Public |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/28/26 11:58 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2026.
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