Unique income-producing property in beautiful San Luis Obispo! This versatile property includes two completely separate units, ideal for investment, multi-generational living, or owner-occupancy with rental income.
**Front Unit – 165 Cerro Romauldo (Approx. 420 sq. ft., 1 Bed / 1 Bath)
-Fully renovated in 2022 with new plumbing, electrical, and interior finishes
-Updated kitchen with newer appliances; washer, dryer, and refrigerator included
-New roof and replaced sewer lateral. *Private fenced yard and single-car carport
**Back Unit – 167 Cerro Romauldo (Approx. 1,000 sq. ft., 3 Beds / 1 Bath)
-Newly constructed ADU with private entrance
-Owned solar panels, 9′ ceilings, and air conditioning
-Low-maintenance, drought-tolerant landscaping
*Investment Highlights
-Both units leased through June 2026 for a combined $6,000/month (165: $2,200 | 167: $3,800)
-Excellent opportunity for steady rental income or future owner occupancy
This property is offered AS-IS. Conveniently located near downtown SLO, parks, and Cal Poly. Don’t miss this outstanding investment opportunity!
**Front Unit – 165 Cerro Romauldo (Approx. 420 sq. ft., 1 Bed / 1 Bath)
-Fully renovated in 2022 with new plumbing, electrical, and interior finishes
-Updated kitchen with newer appliances; washer, dryer, and refrigerator included
-New roof and replaced sewer lateral. *Private fenced yard and single-car carport
**Back Unit – 167 Cerro Romauldo (Approx. 1,000 sq. ft., 3 Beds / 1 Bath)
-Newly constructed ADU with private entrance
-Owned solar panels, 9′ ceilings, and air conditioning
-Low-maintenance, drought-tolerant landscaping
*Investment Highlights
-Both units leased through June 2026 for a combined $6,000/month (165: $2,200 | 167: $3,800)
-Excellent opportunity for steady rental income or future owner occupancy
This property is offered AS-IS. Conveniently located near downtown SLO, parks, and Cal Poly. Don’t miss this outstanding investment opportunity!
Current real estate data for Single Family in San Luis Obispo as of Dec 08, 2025
109
Single Family Listed
107
Avg DOM
600
Avg $ / SqFt
$906,138
Avg List Price
Property Details
Price:
$1,188,000
MLS #:
SC25254062
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Nov 9, 2025
Finished Sq Ft:
1,420
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1935
Schools
School District:
San Luis Coastal Unified
Interior
Appliances
RF, WLR, ESA, EO, ER, FSR, EWH, ESWH, SEF, TW
Bathrooms
2 Three Quarter Bathrooms
Cooling
CA, ELC, HP, ZN, ES, SR16
Flooring
VINY
Heating
ELC, HP, SO, ES
Laundry Features
ELC, GE, IN, SEE, STK, WH
Exterior
Community Features
SDW, STM, SL, SUB, CRB, CW, PARK, HIKI, BIKI
Construction Materials
SLD, CMT, CON, DWAL, GLS, HAR, LAP, RAB, CDR
Other Structures
TL
Roof
CMP
Security Features
COD
Financial
Map
Contact Us
Mortgage Calculator
Community
- Address165 Cerro Romauldo AV Lot 2 San Luis Obispo CA
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93405
Subdivisions in San Luis Obispo
Property Summary
- Located in the San Luis Obispo(380) subdivision, 165 Cerro Romauldo AV Lot 2 San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93405. It is listed for $1,188,000 and features 4 beds, 2 baths, and has approximately 1,420 square feet of living space, and was originally constructed in 1935. The current price per square foot is $837. The average price per square foot for Single Family listings in San Luis Obispo is $600. The average listing price for Single Family in San Luis Obispo is $906,138. To schedule a showing of MLS#sc25254062 at 165 Cerro Romauldo AV Lot 2 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 Comet Realty. 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 2025. California Regional Multiple Listing Service. All rights reserved. 165 Cerro Romauldo AV Lot 2
San Luis Obispo, CA