Coldwell Banker Home Source Logo
$4,200,000
 $22,547 est/mo Sourced by Back At You

356 N Chorro,San Luis Obispo, CA 93405

San Luis Obispo, CA 93405

Share:

PreviousNext

Description

Welcome to Leland Lofts, a 14-unit multifamily property in the heart of San Luis Obispo. Across three buildings, the property offers 12 studios, 2 one-bedroom residences with 1 1/2 baths, on-site laundry, storage and 16 parking spaces and 5 storage spaces. The location puts residents within a short walk or bike ride to Cal Poly, the Foothill shopping and dining district and downtown San Luis Obispo. The current tenant culture consists of working professionals, some of whom work at Cal Poly. In recent years current ownership has invested in the property with new windows, new roof, exterior painting, fencing, landscaping and site improvements, new commercial laundry equipment and renovations in multiple units. The property is currently fully occupied with month to month leases. Leland Lofts offers strong current income with potential to raise rents and from unrented storage units. Explore future improvements with the City for additional units subject to independent feasibility review and required approvals. Broker makes no claim in regards to market rents or construction enhancements. All information dispersed is deemed reliable, but not guaranteed. Buyer and buyer's agent or broker to confirm all facts relating to the property. Contact us for the property fact sheet, rent roll and detailed financial information.

Details

MLS #SC26212823
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1983
Days On Site19
Listing Provided ByRE/MAX Success | Lynn Neal

Features

SQ Feet9,360
Car PortYes
Story(s)2
Units14
Building(s)3
ZoningR4
Acreage0.30

Interior

CoolingNone
HeatingForced Air, Wall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
AppliancesDryer, Washer

Exterior

RoofComposition, Shingle
Lot FeaturesStreet Level
FencingGood Condition

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Area Information

StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93405
AreaSLO San Luis Obispo
Listing VS Median (in 93405)
Price:
$4,200,000
low | high
Med:
$1,234,500
100% of Average
sqft:
9,360
low | high
Med:
2,021
100% of Average
$ / sqft:
$449
low | high
Med:
$616
12.649290472584% of Average
On site:
19
low | high
Med:
148.5
12.794612794613% of Average
Sourced by Back At You

Market Activity 93405

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93405
AreaSLO San Luis Obispo
Listing VS Median (in 93405)
Price:
$4,200,000
low | high
Med:
$1,234,500
100% of Average
sqft:
9,360
low | high
Med:
2,021
100% of Average
$ / sqft:
$449
low | high
Med:
$616
12.649290472584% of Average
On site:
19
low | high
Med:
148.5
12.794612794613% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3.15M - $5.25M
sqft: 7,000 - 11,500
Nearby Listings Property ImageNearby Listings Details
356 N Chorro Property Photo 1
$4,200,000
356 N Chorro
San Luis Obispo, CA 93405
Listing Updated: October 7, 2026 at 6:15:28 AM PDT

Coldwell Banker Home Source

Real Estate Links Our Domains