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.
Last Updated: February - 10 - 2026
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