920 Olive Street San Luis Obispo, CA
$ 3,600,000
Property Attributes
  • MLS#NS19030998
  • TypeCommercial
  • CitySan Luis Obispo
  • AreaSan Luis Obispo
  • Zip93405
  • StyleHotel/Motel
  • Price$ 3,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8737
  • Lot Size1.18 Acres
Listing Provided Courtesy Of:
Sheri Parrish with Country Real Estate, Inc. - 805-610-3594
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Location. Location. Location, sitting on over an acre of prime San Luis Obispo Real Estate, with sweeping views of the surrounding hillsides. Just minutes from beautiful downtown San Luis Obispo, with an array of restaurants, festivals, shopping, farmers markets, wineries and tourist attractions including all the local beaches. This established Motel offers a total of 18 furnished rooms, an abundance of parking, coin laundry, swimming pool, and a manager’s unit. Potential abounds, check with the City of San Luis Obispo for expansion options of up to 80 units on this oversized lot

Price History
7/1/2021 Listed $3,600,000

General Features

Business Type Hotel/Motel
Co-Listing Agent State License # 01300416
Co-listing Agent Tim Parrish - BRE#01300416
Construction Materials Brick, Stucco, Wood Siding
Cooling None
Electric Electricity - On Property, Standard
Listing Agent Sheri Parrish - BRE#01294598
Listing Agent State License 01294598
MLS Area SLO - San Luis Obispo
Other Structures Living Quarters
Property Sub Type Additional Hotel/Motel
Property SubType Hotel/Motel
Property Type Commercial Sale
Roof Composition
Security Features Resident Manager, Smoke Detector(s), Security Lights
Special Listing Conditions Standard
Status Active
Terms 1031 Exchange
Utilities Cable Available, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected
Virtual Tour

Interior Features

Laundry Features Common Area

Exterior Features

Fencing Average Condition, Wood, Wire
Lot Features Corner Lot, Lot Over 40000 Sqft, Level
Lot Size Acres 1.18
Lot Size Area 51355
Lot Size Source Assessor
Lot Size Square Feet 51355
Lot Size Units Square Feet
Number of Buildings 3
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 93405

AVG $330K
AVG 83
Year Built
AVG 1993
AVG 62
Data Provided by Walkscore ® not using MLS data