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Sold for $1,875,000
    • Listed by: Oak & Roots Real Estate Group • Cody Wilcoxson • Contact: 805-748-2477
    Bought with: Oak & Roots Real Estate Group
    $1,875,000

    258 Albert Dr, San Luis Obispo, CA 93405

    4beds
    1,400sqft
    Single Family Residence
    Built in 1953
    0.36 Acres Lot
    $1,900,600 Zestimate®
    $1,339/sqft
    $5,738 Estimated rent

    Home value

    $1,900,600

    $1.73M - $2.09M

    $5,738/mo

    Zestimate® history
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    What's special

    Ample lot space
    Prime investment opportunity only steps from Cal Poly. Unlock exceptional potential with this rare investment property, ideally situated just half a block from Cal Poly! This well-located residence offers immediate rental income and significant future development possibilities. Unbeatable Location. Enjoy the convenience of being mere steps from the vibrant Cal Poly campus, ensuring consistent tenant demand and premium rental rates. The existing residence is a comfortable and functional 4 bedroom, 2 bath home currently generating steady rental income. Junior ADU and ADU Potential. With over 1/3 acre lot, this property boasts ample lot space, presenting a fantastic opportunity to construct an Accessory Dwelling Unit (ADU). Capitalize on the high demand for student housing and increase your rental income significantly. San Luis Obispo's robust rental market, driven by Cuesta/Cal Poly's student population, ensures low vacancy rates and excellent returns. Within this desireable neighborhood, you can benefit from the property's proximity to campus amenities, shops, restaurants, and public transportation, making it highly attractive to students and renters alike. San Luis Obispo's real estate market continues to appreciate, making this property a sound long-term investment. Don't miss out on this exceptional opportunity to own a prime investment property in one of California's most desirable locations. Schedule a showing today and explore the endless possibilities this property has to offer!

    Zillow last checked:

    Listing updated:

    Listed by:

    Cody Wilcoxson DRE #01847871 805-769-9077,

    Oak & Roots Real Estate Group

    Bought with:

    Cody Wilcoxson, DRE #01847871

    Oak & Roots Real Estate Group

    Source: CRMLS,MLS#: NS25066499MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 4
    Rooms
    • Room types: Family Room, Kitchen, Laundry, Sunroom
    Bathroom
    • Features: Bathtub, Low Flow Plumbing Fixtures, Tub Shower
    Kitchen
    • Features: Tile Counters
    Heating
    • Central
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
    • Laundry: Inside
    Features
    • Built-in Features, Eat-in Kitchen, Living Room Deck Attached
    • Flooring: Vinyl, Wood
    • Doors: French Doors, Sliding Doors
    • Windows: Screens
    • Has fireplace: Yes
    • Fireplace features: Family Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,400 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Site, Permit Required, Garage Faces Side
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Other, Accessible Doors
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Patio & porch: Deck
    • Exterior features: Awning(s)
    • Pool features: None
    • Spa features: None
    • Fencing: Chain Link,Wood
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 0.36 Acres
    • Features: Garden, Near Public Transit, Yard
    Details
    • Additional structures: Outbuilding
    • Parcel number: 052321021
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Raised
    • Roof: Composition
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Electric: Unknown
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Biking, Curbs, Street Lights, Suburban
    • Subdivision: San Luis Obispo(380)
    Location
    • Region: San Luis Obispo

    Financial & listing details

    • Price per square foot: $1,339/sqft
    • Tax assessed value: $97,994
    • Annual tax amount: $1,080
    • Date on market: 3/26/2025
    • Cumulative days on market: 6 days
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/15/2025Listing removed$7,500$5/sqft
    Source: Zillow Rentals Report a problem
    5/2/2025Sold$1,875,000+4.2%$1,339/sqft
    Source: CRMLS #NS25066499 Report a problem
    5/2/2025Listed for rent$7,500$5/sqft
    Source: Zillow Rentals Report a problem
    4/3/2025Pending sale$1,800,000$1,286/sqft
    Source: CRMLS #NS25066499 Report a problem
    3/27/2025Listed for sale$1,800,000$1,286/sqft
    Source: CRMLS #NS25066499 Report a problem
    3/1/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/27/2024Listed for rent$7,500$5/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,080 +9.7%$97,994 +2%
    2024$984 +2%$96,074 +2%
    2023$965 +6.9%$94,192 +2%
    2022$903 +1.8%$92,346 +2%
    2021$887 +1.1%$90,536 +1%
    2020$878 +1.2%$89,608 +2%
    2019$867 +2.2%$87,852 +2%
    2018$848 +2.2%$86,131 +2%
    2017$830 +2.2%$84,444 +2%
    2016$813 $82,789 +1.5%
    2015$813 +11%$81,546 +2%
    2014$732 $79,950 +2.5%
    2012-- $78,030 +2%
    2011-- $76,501 +0.8%
    2010-- $75,931 -0.2%
    2009-- $76,113 +2%
    2008-- $74,622 +2%
    2007-- $73,160 +2%
    2006-- $71,726 +2%
    2005-- $70,320 +2%
    2004-- $68,942 +1.9%
    2003-- $67,680 +2%
    2002-- $66,354 +2%
    2001-- $65,054
    Find assessor info on the county website

    Neighborhood: 93405

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