San Luis Obispo, CA 93401,1531 Monterey ST
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San Luis Obispo, CA 93401,1531 Monterey ST
San Luis Obispo, CA 93401,1531 Monterey ST
San Luis Obispo, CA 93401,1531 Monterey ST
San Luis Obispo, CA 93401,1531 Monterey ST

$1,500,000

Est. payment /mo

$1,595,000

6.0%
Est.Price: ?

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1531 Monterey ST San Luis Obispo, CA 93401

2,929 SqFt

SOLD DATE : 01/24/2022

Key Details

Sold Price $1,500,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 2,929 sqft

Price per Sqft $512

MLS Listing ID SC21132157

Sold Date 01/24/22

HOA Y/N No

Year Built 1941

Lot Size 6,529 Sqft

Acres 0.1499

Property Description

A truly unique art deco mixed-use building located in the heart of San Luis Obispo. The upstairs consists of an immaculate, fully furnished 2 bedroom flat with an expansive outdoor patio, while the ground floor consists of an approximately 2,000 SF commercial space with high ceilings. The ground floor has most recently functioned as a café, art gallery, and performance space. All furnishings and fixtures in the upstairs residence will be included. Each item in the apartment was meticulously chosen to comport with the art-deco architecture. Amenities include custom tile and plumbing fixtures, dimmable lights, and refinished hardwood floors. The residence is a licensed vacation rental with continuous bookings, rave reviews, and super-host status. It can continue to function as a vacation rental or be used as a full-time residence. The property is zoned C-T (Tourist Commercial) which allows for an assortment of retail and hospitality uses on the ground floor. There are conceptual plans to remodel the ground floor into three large hotel suites with a lobby and reception area, if so desired by a new owner. Other options include continuing to use the space as a café, art gallery, or retail space.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Rooms

Ensuite Laundry Upper Level

Interior

Laundry Location Upper Level

Fireplace No

Laundry Upper Level

Building

Lot Description 2-5 Units/Acre

Water Public

Others

Tax ID 001234003

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Derek Senn • Anderson Commercial RE Service
Bought with Sarah Weber • Compass

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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