1243 Mill Street
An excellent opportunity for a four-unit investment, nestled in the heart of San Luis Obispo! This prime downtown property is conveniently located near Highway 101 and Cal Poly. Each unit boasts two spacious bedrooms and two bathrooms, spacious living rooms and galley-style kitchens. Natural light and outdoor space are abundant; two of the units have balconies situated off the main living area, offering stunning views of the surrounding neighborhood and hills. The property includes covered parking for four vehicles, along with four additional parking spaces. A separate shared laundry room is also available on-site.
Sold for $1,650,000
Listed by: Central Coast Sotheby's International Realty • Kelli Shetler • Contact: 805-550-5001
Bought with: Venture Real Estate
Tax assessed value
$1,650,000
1243 Mill St, San Luis Obispo, CA 93401
8beds
8baths
5,180sqft
Quadruplex
Built in 1963
-- sqft lot
$2,042,200 Zestimate®
$319/sqft
$3,387 Estimated rent
Home value
$2,042,200
$1.78M - $2.37M
$3,387/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kelli Shetler DRE #01208534 805-550-5001,
Central Coast Sotheby's International Realty,
Brooke Sutton DRE #01411266 805-781-6040,
Central Coast Sotheby's International Realty
Bought with:
Anthony Aurignac, DRE #01946262
Venture Real Estate
Source: CRMLS,MLS#: SC24140328
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Rooms
- Room types: Family Room, Kitchen, Primary Bathroom, Primary Bedroom
Heating
- Electric
Cooling
- None
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator, Dryer, Washer
- Laundry: Common Area, Laundry Room
Features
- Flooring: Carpet, Laminate, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
Interior area
- Total structure area: 5,180
- Total interior livable area: 5,180 sqft
Property
Parking
- Total spaces: 8
- Parking features: Attached Carport
- Carport spaces: 4
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Unit 1 and 2
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Partial,Wood
- Has view: Yes
- View description: City Lights, Neighborhood
Lot
- Size: 7,500 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 001221007
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Foundation: Raised
- Roof: Metal
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
- Subdivision: San Luis Obispo(380)
Location
- Region: San Luis Obispo
Financial & listing details
- Price per square foot: $319/sqft
- Tax assessed value: $1,650,000
- Annual tax amount: $18,645
- Date on market: 7/15/2024
- Cumulative days on market: 15 days
- Listing terms: Cash to New Loan
- Total actual rent: 10500
- Tenant pays: See Remarks
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2024 | Sold | $1,650,000-12%$319/sqft |
Source:  CRMLS #SC24140328 Report a problem | ||
| 8/20/2024 | Pending sale | $1,875,000$362/sqft |
Source: CRMLS #SC24140328 Report a problem | ||
| 7/30/2024 | Contingent | $1,875,000$362/sqft |
Source: CRMLS #SC24140328 Report a problem | ||
| 7/16/2024 | Listed for sale | $1,875,000+127.3%$362/sqft |
Source: CRMLS #SC24140328 Report a problem | ||
| 9/12/2003 | Sold | $825,000$159/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,645 +40.9% | $1,650,000 +43.5% |
| 2024 | $13,235 +1.8% | $1,149,964 +2% |
| 2023 | $13,005 +6.6% | $1,127,417 +2% |
| 2022 | $12,204 +1.9% | $1,105,311 +2% |
| 2021 | $11,981 +1.1% | $1,083,639 +1% |
| 2020 | $11,856 +1.1% | $1,072,528 +2% |
| 2019 | $11,721 +1.9% | $1,051,499 +2% |
| 2018 | $11,500 +2% | $1,030,882 +2% |
| 2017 | $11,271 +2.6% | $1,010,670 +2% |
| 2016 | $10,982 | $990,854 +1.5% |
| 2015 | $10,982 +12.2% | $975,971 +2% |
| 2014 | $9,786 | $956,854 +19.6% |
| 2012 | -- | $800,000 -12.6% |
| 2011 | -- | $915,545 +0.8% |
| 2010 | -- | $908,704 -0.2% |
| 2009 | -- | $910,864 +2% |
| 2008 | -- | $893,005 +2% |
| 2007 | -- | $875,496 +2% |
| 2006 | -- | $858,330 +2% |
| 2005 | -- | $841,500 +2% |
| 2004 | -- | $825,000 +618.5% |
| 2003 | -- | $114,825 +2% |
| 2002 | -- | $112,574 +2% |
| 2001 | -- | $110,368 |
Find assessor info on the county website
Neighborhood: 93401
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Nearby schools
GreatSchools rating
- 6/10Hawthorne Elementary SchoolGrades: K-6Distance: 1 mi
- 9/10Laguna Middle SchoolGrades: 7-8Distance: 2.6 mi
- 10/10San Luis Obispo High SchoolGrades: 9-12Distance: 0.5 mi
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