Rare opportunity to obtain an income property located just five minutes’ walking distance to Cal Poly University! The property includes two units: a 2-bedroom (ability to create a 3rd bedroom), 1.5-bath main residence with indoor laundry, plus a detached turnkey studio. The premium location delivers breathtaking views of Madonna Mountain and Bishop Peak, making it highly desirable for tenants and future growth. A huge bonus is the detached 2 car garage and large driveways for on site parking in addition to the street side parking. Cash flow potential from dual units, plus potential opportunities for additional unit development on the large lot. Situated in the heart of San Luis Obispo, you’re only a short drive to pristine Central Coast beaches and less than 30 minutes to the award-winning Paso Robles wine country. A unique chance to secure rental income and strong potential appreciation in one of California’s most sought-after university towns.
Sold for $1,610,000
Listed by: LPT Realty, Inc. • Robert Mcconaghy • Contact: 805-321-6554
Bought with: Keller Williams Realty Central Coast
$1,610,000
250 Kentucky St, San Luis Obispo, CA 93405
3beds
1,500sqft
Single Family Residence
Built in 1950
8,543 Square Feet Lot
$1,633,800 Zestimate®
$1,073/sqft
$4,898 Estimated rent
Home value
$1,633,800
$1.49M - $1.78M
$4,898/mo
Zestimate® history
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Detached turnkey studioIndoor laundry
Zillow last checked:
Listing updated:
Listed by:
Robert Mcconaghy DRE #02206946 805-321-6554,
LPT Realty, Inc.
Bought with:
Hal Sweasey, DRE #01111911
Keller Williams Realty Central Coast
Graeme Baldwin, DRE #01955843
Keller Williams Realty Central Coast
Source: CRMLS,MLS#: PI25191231
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Cooling
- None
Appliances
- Laundry: In Kitchen
Features
- All Bedrooms Down, Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,500 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Multi, Driveway, Garage, Off Site, Permit Required
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: front
- Pool features: None
- Has view: Yes
- View description: City Lights, Hills, Mountain(s)
Lot
- Size: 8,543 Square Feet
- Features: 2-5 Units/Acre, Back Yard, Front Yard
Details
- Parcel number: 052093008
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Raised
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
- Subdivision: San Luis Obispo(380)
Location
- Region: San Luis Obispo
Financial & listing details
- Price per square foot: $1,073/sqft
- Tax assessed value: $85,707
- Annual tax amount: $945
- Date on market: 8/24/2025
- Cumulative days on market: 1 day
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2025 | Sold | $1,610,000+13%$1,073/sqft |
Source:  CRMLS #PI25191231 Report a problem | ||
| 8/26/2025 | Pending sale | $1,425,000$950/sqft |
Source: CRMLS #PI25191231 Report a problem | ||
| 8/26/2025 | Listed for sale | $1,425,000$950/sqft |
Source: CRMLS #PI25191231 Report a problem | ||
| 8/8/2025 | Listing removed | $3,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/1/2025 | Listed for rent | $3,600$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/13/2024 | Listed for rent | $3,600+20%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/9/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/16/2022 | Listed for rent | $3,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $945 +1.7% | $85,707 +2% |
| 2024 | $929 +1.8% | $84,027 +2% |
| 2023 | $912 +6.7% | $82,380 +2% |
| 2022 | $855 +1.6% | $80,766 +2% |
| 2021 | $841 +1% | $79,184 +1% |
| 2020 | $833 +1% | $78,373 +2% |
| 2019 | $824 +2% | $76,837 +2% |
| 2018 | $808 +2% | $75,332 +2% |
| 2017 | $792 +2% | $73,856 +2% |
| 2016 | $776 | $72,409 +1.5% |
| 2015 | $776 +10.6% | $71,323 +2% |
| 2014 | $702 | $69,927 +2.5% |
| 2012 | -- | $68,248 +2% |
| 2011 | -- | $66,911 +0.8% |
| 2010 | -- | $66,412 -0.2% |
| 2009 | -- | $66,570 +2% |
| 2008 | -- | $65,266 +2% |
| 2007 | -- | $63,988 +2% |
| 2006 | -- | $62,734 +2% |
| 2005 | -- | $61,505 +2% |
| 2004 | -- | $60,300 +1.9% |
| 2003 | -- | $59,195 +2% |
| 2002 | -- | $58,035 +2% |
| 2001 | -- | $56,898 |
Find assessor info on the county website
Neighborhood: 93405
Nearby homes
- $--1 bd1 ba-- sqft250 Kentucky St #250.5, San Luis Obispo, CA 93405Off Market
- $1,650,0003 bd2 ba-- sqft270 Kentucky St, San Luis Obispo, CA 93405Sold
- $1,310,0002 bd2 ba1.5k sqft230 Kentucky St, San Luis Obispo, CA 93405Sold
- $1,629,1004 bd3 ba1.8k sqft249 Longview Ln, San Luis Obispo, CA 93405Off Market
- $1,308,2003 bd2 ba1.5k sqft290 Kentucky St, San Luis Obispo, CA 93405Off Market
- $1,687,1002 bd1 ba1.5k sqft220 Kentucky St, San Luis Obispo, CA 93405Off Market
- $1,391,2003 bd2 ba-- sqft221 Longview Ln, San Luis Obispo, CA 93405Off Market
- $2,039,2003 bd2 ba1.6k sqft271 Longview Ln, San Luis Obispo, CA 93405Off Market
Nearby schools
GreatSchools rating
- 9/10Bishop's Peak Elementary SchoolGrades: K-6Distance: 1.5 mi
- 9/10Laguna Middle SchoolGrades: 7-8Distance: 3 mi
- 10/10San Luis Obispo High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- High: San Luis Obispo
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- California
- San Luis Obispo County
- San Luis Obispo
- 93405
- 250 Kentucky St
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