204 N Chorro Street, SAN LUIS OBISPO, CA 93405
$14,750,000
Property Type:
Res Inc
Square Footage:
26,672
Lot Size (sq. ft.):
62,350
Status:
Active
Current Price:
$14,750,000
List Date:
1/22/2026
Last Modified:
2/10/2026
Description
College Garden Apartments is a 35-unit multifamily community located at 204, 228, 256, and 284 North Chorro Street within San Luis Obispo's established student housing corridor. Situated just 0.8 miles from Cal Poly and easily accessed via Foothill Boulevard, the property offers students a convenient commute in a highly walkable area surrounded by dining, coffee shops, fitness centers, and other off-campus housing. The unit mix includes one- and two-bedroom layouts, featuring 18 standard apartments and 7 two-bedroom bungalow-style units. Approximately 35 private garage spaces, roughly one per tenant, provide rare storage and privacy for student housing. Additional features include on-site laundry and an unused on-site manager space, offering future operational flexibility.
More Information MLS# 26-230
Location Info
Country: US
Cross Street: Boysen Avenue
District: 97 - OUT OF AREA
Street #: 204
Dir: N
Street Name: Chorro
Street Suffix: Street
State: CA
Postal Code: 93405
County: San Luis Obispo
Parcel Number: 052-332-023
Property Information
Year Built: 1953
Apx Lot SqFt: 62350
Main House SqFt: 26672
Recurring Fees: No
Number of Units: 35
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Proximity
Near Bus: 1
Near Hospital: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 25
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 64845
Monthly Total: 64845
Income/Expenses
Total Monthly Income: 85425
Capitalization Rate: 4.18
NOI: 709218
Unit 2
# Units: 10
# Bedrooms: 1
# Baths: 1
Monthly Total: 20580
Zoning
R-3: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Parking Info
Total # Garage Spaces: 35
Contract Info
Current Price: $14,750,000
Price: 14750000
Begin Date: 2026-01-22
Status: Active
Property Features
Condition: Good
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Zoning: R-3
Terms: Cash; Conventional
Listing Type: ER
Listing Office:
Radius Group Commercial R.E.
Last Updated: February - 10 - 2026
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