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920 Olive San Luis Obispo, CA

$3,600,000

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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

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Property Information

  • Address: 920 Olive, San Luis Obispo, CA 93405. 
  • Price: $3,600,000 
  • MLS #: NS19030998 
  • Year Built: 1961 
  • Listing Courtesy of: Country Real Estate, Inc. 
  • City: San Luis Obispo 
  • Postal Code: 93405 
  • County: San Luis Obispo 

Amenities

  • Cooling: None 
  • Security: Resident Manager,Security Lights,Smoke Detector(s) 

Other

  • 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 
  • List Date: February 12, 2019 
  • Status: Active 
  • Directions: HWY 101 South to the Santa Rosa exit, quick left into Motel parking lot. 

Other

  • Listing Agent State License: 01294598 
  • Listing Office State License: 01381142 

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Based on information from California Regional Multiple Listing Service, Inc. as of November 27th, 2020 at 00:45:05AM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.