This 1920s triplex property offers potential for renovation, investment and development, nestled in vibrant downtown San Luis Obispo with views of Cerro San Luis peak. Triplex includes: attached 2 BED/2 BA unit with attached 1-car garage, attached studio/1 BA unit, and a small detached rear studio/1 BA unit. Zoned Office (Residential on Commercial RES-NEC) and situated on a spacious 5,000 square foot lot.
The backyard offers ample space and convenient additional access via an easement off Walnut St. Per the City of SLO Planning, the lot has a density allowance of at least 2.00 density units, opening the door to possibilities for expansion or redevelopment. Buyer to verify development potential with the City of SLO.
While this property requires major repairs and renovations, it’s priced to reflect its as-is sale condition, making this a rare opportunity in downtown San Luis Obispo.
The backyard offers ample space and convenient additional access via an easement off Walnut St. Per the City of SLO Planning, the lot has a density allowance of at least 2.00 density units, opening the door to possibilities for expansion or redevelopment. Buyer to verify development potential with the City of SLO.
While this property requires major repairs and renovations, it’s priced to reflect its as-is sale condition, making this a rare opportunity in downtown San Luis Obispo.
Property Details
Price:
$799,000
MLS #:
SC26051750
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Subtype:
Triplex
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Mar 10, 2026
Finished Sq Ft:
1,334
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1920
See this Listing
Schools
School District:
San Luis Coastal Unified
Interior
Appliances
GR, WHU
Bathrooms
4 Full Bathrooms
Cooling
NO
Flooring
LAM, CARP
Heating
WL
Laundry Features
NO
Levels
A
Main Level Bathrooms
4
Main Level Bedrooms
4
Exterior
Accessibility Features
NO
Architectural Style
CRF
Attached Garage YN
1
Common Walls
_1CW
Community Features
SDW, URB, CRB
Construction Materials
WOD
Garage Spaces
1
Other Structures
GHD
Parking Spots
1
Parking Total
1
Patio And Porch Features
CO, PO
Spa Features
NO
View
HI
Window Features
BLI
Financial
Map
Community
- Address662 Osos ST San Luis Obispo CA
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Market Summary
Current real estate data for Single Family in San Luis Obispo as of Apr 23, 2026
290
Single Family Listed
127
Avg DOM
614
Avg $ / SqFt
$950,043
Avg List Price
Property Summary
- Located in the San Luis Obispo(380) subdivision, 662 Osos ST San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93401. It is listed for $799,000 and features 4 beds, 4 baths, and has approximately 1,334 square feet of living space, and was originally constructed in 1920. The current price per square foot is $599. The average price per square foot for Single Family listings in San Luis Obispo is $614. The average listing price for Single Family in San Luis Obispo is $950,043.
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The California Company include the name of the listing broker. Neither the listing company nor The California Company shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 662 Osos ST
San Luis Obispo, CA
