Sold for $1,700,000

Listed by: Central Coast Sotheby's International Realty • Andrew Richardson • Contact: 805-781-6040

Bought with: Central Coast Sotheby's International Realty

$1,700,000

1247 Murray Ave, San Luis Obispo, CA 93405

6beds

6baths

3,525sqft

Multi Family

Built in 1973

-- sqft lot

$1,720,100 Zestimate^®

$482/sqft

$3,719 Estimated rent

Home value

$1,720,100

$1.57M - $1.89M

$3,719/mo

Zestimate^® history

Owner options

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$3,719/mo

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$3,719/mo

Rent Zestimate^®

Refinance and save

$10,713/mo

Est. payment

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$10,713/mo

Est. payment

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What's special

Welcome to 1247 Murray Street, a 6-unit multifamily property ideally located in the heart of San Luis Obispo. Each unit offers 1 bedroom and 1 bathroom, making this an attractive and highly rentable property for students, healthcare professionals, and working individuals. This turnkey investment is situated just minutes from Cal Poly University, Sierra Vista Regional Medical Center, and the vibrant downtown SLO corridor. Tenants will enjoy the convenience of nearby shops, restaurants, parks, and public transportation—adding to the strong rental demand in this sought-after area. Whether you’re a seasoned investor or entering the multifamily market, 1247 Murray Street presents a rare opportunity to own a stable income-producing property in one of California’s most desirable coastal communities. Don’t miss your chance to own a multifamily gem in beautiful San Luis Obispo.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6

Rooms

Room types: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom

Bedroom

Features: Bedroom on Main Level

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Electric Cooktop, Disposal, Refrigerator, Water Heater
Laundry: Common Area, Laundry Room

Features

Balcony, Ceiling Fan(s), Multiple Staircases, Storage, Bedroom on Main Level
Flooring: Vinyl
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 3,525
Total interior livable area: 3,525 sqft

Property

Parking

Parking features: Assigned, Asphalt, On Site, Paved

Features

Levels: Three Or More
Stories: 3
Entry location: 1
Pool features: None
Spa features: None
Fencing: Wood
Has view: Yes
View description: City Lights, Hills, Neighborhood

Lot

Size: 6,450 Square Feet
Features: Rectangular Lot, Street Level

Details

Parcel number: 001041002
Zoning: R3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Asphalt
Foundation: Slab
Roof: Composition

Condition

Repairs Cosmetic
New construction: No
Year built: 1973

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Features: Biking, Curbs, Park, Storm Drain(s), Street Lights, Sidewalks
Security: Smoke Detector(s)
Subdivision: San Luis Obispo(380)

Location

Region: San Luis Obispo

Financial & listing details

Price per square foot: $482/sqft
Date on market: 5/12/2025
Cumulative days on market: 4 days
Listing terms: Cash,Conventional
Tenant pays: Cable TV, Electricity, Gas
Road surface type: Paved

Price history

Date	Event	Price
6/30/2025	Sold	$1,700,000-5.5%$482/sqft
Source: CRMLS #SC25103615 Report a problem
5/16/2025	Pending sale	$1,799,000$510/sqft
Source: CRMLS #SC25103615 Report a problem
5/12/2025	Listed for sale	$1,799,000$510/sqft
Source: CRMLS #SC25103615 Report a problem
4/15/2020	Listing removed	$1,600
Source: richardson Properties Report a problem
4/4/2020	Listed for rent	$1,600
Source: richardson Properties Report a problem