ORANGE COUNTY REAL ESTATE
Views
Address
920 Olive Street San Luis Obispo, CA
Price
$ 3,600,000
Property Attributes
  • MLS#NS19030998
  • TypeCommercial
  • CountySAN LUIS OBISPO
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • Zip93405
  • StyleHotel/Motel
  • Price$ 3,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.18 Acres
Listing Provided Courtesy Of:
Sheri Parrish with Country Real Estate, Inc..
Data Source:
CRMLS
Property Description

Location. Location. Location, sitting on over an acre of prime San Luis Obispo Real Estate, with sweeping views of the surrounding hillsides. Just minutes from beautiful downtown San Luis Obispo, with an array of restaurants, festivals, shopping, farmers markets, wineries and tourist attractions including all the local beaches. This established Motel offers a total of 18 furnished rooms, an abundance of parking, coin laundry, swimming pool, and a manager’s unit. Potential abounds, check with the City of San Luis Obispo for expansion options of up to 80 units on this oversized lot

Price History
2/12/2019 Listed $3,999,000
5/10/2019 4% - $3,850,000
1/6/2020 4% - $3,700,000
5/13/2020 3% - $3,600,000

General Features

Business Type Hotel/Motel
Construction Materials Brick, Stucco, Wood Siding
Cooling None
Electric Electricity - On Property, Standard
MLS Area SLO - San Luis Obispo
Other Structures Living Quarters
Property SubType Hotel/Motel
Property Type Commercial Sale
Roof Composition
Security Features Resident Manager, Smoke Detector(s), Security Lights
Terms 1031 Exchange
Utilities Cable Available, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected
Virtual Tour https://tours.centralcoastrealestatephotography.com/1224775?idx=1

Interior Features

Laundry Features Common Area

Exterior Features

Fencing Average Condition, Wood, Wire
Lot Features Corner Lot, Lot Over 40000 Sqft, Level
Lot Size Acres 1.18
Lot Size Area 51355
Lot Size Source Assessor
Lot Size Square Feet 51355
Lot Size Units Square Feet
Number of Buildings 3
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93405

Price
AVG $450K
$3.6M
Visits
AVG 130
76
Year Built
AVG 1974
1961
Walkscore
AVG 55
56
Data Provided by Walkscore ® not using MLS data

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