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$2,200,000   Price Analysis
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254 Grand Ave
San Luis Obispo, CA 93405
8 bed 3 bath 1,970 SqFt ($1116/SqFt)
5,000SqFt lot. Built 1949
Listed 2024-04-10, Taxes $6,905
Ⓧ USDA Ineligible
due to price & location

near San Luis Obispo

Welcome to 254 Grand Ave in San Luis Obispo!

The main house, freshly remodeled in 2024, boasts four bedrooms, a modern bathroom and attached garage. Additionally, a newly constructed ADU offers four bedrooms and two bathrooms, perfect for accommodating guests or tenants. Situated near the college campus and downtown area, this property presents a fantastic opportunity for student rentals.

With its prime location close to the college campus and downtown amenities, 254 Grand Ave is an ideal investment for student housing. The main house's recnt renovation ensures a comfortable living space, while the ADU provides additional flexibility for tenants. Don't miss out on the chance to own a property with fantastic potential for rental income in this sought-after area of San Luis Obispo.


Presented by Clayton Gambril at
Pismo Coast Realty.


Property MLS #PI24070595 from CRMLS

Bedrooms: 8
Bedrooms On Main Level: 8

Total Bathrooms: 3
Full Bathrooms: 3
Bathrooms On Main Level: 3
Bathroom 1 Features: Shower in Tub, Main Floor Full Bath, Quartz Counters

Ceiling Fan(s)
Quartz Counters
Recessed Lighting
Unfurnished
Flooring: Vinyl

Kitchen Appliances: Gas Range, Microwave, Refrigerator, Vented Exhaust Fan
Appliances YN: Yes
Laundry Features: Dryer Included, In Closet, Stackable, Washer Included

All Bedrooms Down

Cooling Features: Electric, ENERGY STAR Qualified Equipment
Heating Features: ENERGY STAR Qualified Equipment, Forced Air
Heating: Yes

Kitchen Features: Kitchen Open to Family Room

Fencing: Fence YN: Yes, Fencing: Excellent Condition, Wood
Patio And Porch Features: Patio YN: Yes, Patio And Porch Features: Front Porch

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1147842
Lot Size Source: Assessor
Lot Size Square Feet: 5000

Garage Spaces: 1
Garage Description: Attached
Parking Features: Parking YN: Yes, Parking Features: Attached Carport, Driveway, Concrete
Parking Total: 3
Uncovered Spaces: 2.00

View: Hills
Green Energy Efficient: Appliances
Green Energy Generation: Solar

Number of Units: 2

School District: San Luis Coastal Unified

San Luis Obispo High School is a public high school located approximately 0.8 miles away.
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Bishop's Peak Elementary School is a public elementary school located approximately 1.8 miles away.
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Laguna Middle School is a public middle school located approximately 3.3 miles away.
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Montessori Academy is a private elementary school located approximately 0.1 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Sidewalks

Source Listing Status: Active
County: San Luis Obispo
Directions: HWY 101 to Grand Ave, close to Cal Poly
Source Property Type: Residential
Area: SLO - San Luis Obispo
Source Neighborhood: San Luis Obispo(380)
Parcel Number: 052116016
Postal Code Plus 4: 2010
Subdivision: San Luis Obispo(380)
Zoning: R1
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$167,326 + $485,249
$652,575
$6,905
2021$164,046 + $475,735
$639,781
$6,796
2020$162,364 + $470,857
$633,221
$6,726
2019$159,181 + $461,625
$620,806
$6,656
2018$156,060 + $452,574
$608,634
$6,526
2017$153,000 + $443,700
$596,700
$6,398
2016$143,000 + $420,000
$563,000
$6,036
2015$139,000 + $395,000
$534,000
$5,724
2014$132,000 + $380,000
$512,000
$5,140
2013$120,000 + $355,000
$475,000
$4,769
2012$95,000 + $315,000
$410,000
$4,116
2010$105,000 + $305,000
$410,000
$4,703
2009$119,000 + $350,000
$469,000
$4,700
2009$119,000 + $350,000
$469,000
$4,700
2008$142,000 + $415,000
$557,000
$5,582
2007$158,100 + $459,000
$617,100
$6,184

Listed 2024-04-10
$2,200,000
CRMLS
Listing removed 2022-04-28
$0
CRMLS
Sold 2022-04-19
$990,000
CRMLS
Listed 2022-03-23
$850,000
CRMLS
Sold 2016-05-06
$585,000
CRMLS
Listing removed 2016-04-13
$615,000
CentralCoast
Listed 2016-04-08
$615,000
CRMLS
Listed 2016-04-08
$615,000
CentralCoast
Sold 2005-08-04
$605,000
Public Record
Sold 2005-01-04
$440,000
Public Record

Total Square Feet Living: 1970
Year Built: 1949
Common Walls: No Common Walls
Construction Materials: Drywall Walls, Ducts Professionally Air-Sealed, Stucco
Entry Level: 1
Entry Location: Front
Living Area Source: Assessor
Property Age: 75
Property Condition: Additions/Alterations, Building Permit, Updated/Remodeled
Roof: Composition
Levels or Stories: One
Building Total Stories: 1
Structure Type: House
House Style: Bungalow
Year Built Source: Public Records

Electric: Photovoltaics Seller Owned
Sewer: Public Sewer
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Parking
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.