Commercial / Residential mixed use development opportunity in San Luis Obispo! This pre-planned mixed use development in downtown San Luis Obispo offers substantial income potential with 5 units to be built (2 commercial, 2 residential + ADU) within 1 mile walking/biking/transportation of Cal Poly campus San Luis Obispo. Current building on property is 1208 sq ft 2bed/1 bth home built 1910 and is rented until 1/31/2025 allowing for ongoing income as the plans/permits are finalized. Purchase of the property includes existing plans, permits, studies and approvals.
Current real estate data for Commercial in San Luis Obispo as of Feb 03, 2026
20
Commercial Listed
65
Avg DOM
$2,532,808
Avg List Price
Property Details
Price:
$1,100,000
MLS #:
PI24167425
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
slosanluisobispo
Listed Date:
Nov 14, 2025
Total Sq Ft:
1,208
Lot Size:
8,195 sqft / 0.19 acres (approx)
Year Built:
1910
Schools
Interior
Cooling
NO
Heating
WL
Laundry Features
AR
Exterior
Construction Materials
STC, PLS
Parking Spots
2
Roof
CMP, SHN
Financial
Map
Contact Us
Mortgage Calculator
Community
- Address1142 Montalban ST San Luis Obispo CA
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93405
Subdivisions in San Luis Obispo
Property Summary
- 1142 Montalban ST San Luis Obispo CA is a Commercial for sale in San Luis Obispo, CA, 93405. It is listed for $1,100,000 To schedule a showing of MLS#pi24167425 at 1142 Montalban ST in San Luis Obispo, CA, contact your Outland and Associates / JoAnn Outland agent at 8054417754.
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Full-time Real Estate Broker, sold 1400+ Properties in SLO and SBC County. 40+ years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending…
More About JoAnn
Courtesy of Keller Williams Realty Santa Barbara. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1142 Montalban ST
San Luis Obispo, CA