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607 Grand Avenue, SAN LUIS OBISPO, CA 93405

$10,750,000
Property Type: Res Inc Square Footage: 22,178 Status: Active
Current Price: $10,750,000 List Date: 1/22/2026 Last Modified: 2/10/2026

Description

607 Grand Avenue is a 20-unit student housing community accessed directly from Grand Ave and located just 0.4 miles from the Cal Poly campus, offering exceptional proximity that is easily reachable by car, bike, or on foot. The property is comprised entirely of townhome-style units with almost identical floorplans across the community. Each unit features a 2/1 layout with an average of approximately 3-4 students per unit, optimizing roommate configurations while maintaining functional living layouts. The community is anchored by an outdoor amenity area featuring a basketball court, grills, and shared community space. The adjacent vacant space currently used for storage, backing the laundry room, presents compelling ADU potential, with the likely capability to convert into a studio.

More Information MLS# 26-231

Location Info

Country: US Cross Street: Wilson Street District: 97 - OUT OF AREA Street #: 607 Street Name: Grand Street Suffix: Avenue State: CA Postal Code: 93405 County: San Luis Obispo Parcel Number: 001-065-006

Property Information

Year Built: 1966 Apx Lot Size FxD: 45300 Main House SqFt: 22178 Recurring Fees: No Number of Units: 20

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: 20 # Bedrooms: 2 # Baths: 1 # Half Baths: 0 Furnished: N Rent: 62540 Monthly Total: 62540

Income/Expenses

Total Monthly Income: 62540 Gross Rent Multiplr: 14.32 Capitalization Rate: 4.70 NOI: 505043

Zoning

R-3: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Parking Info

Total # Unconvered Spaces: 42

Contract Info

Current Price: $10,750,000 Price: 10750000 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.
IDX
Last Updated: February - 10 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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