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Residential Income - 356 N Chorro, San Luis Obispo, CA

$4,200,000

356 N Chorro, San Luis Obispo, CA

MLS# PI26222236

356 N Chorro, San Luis Obispo, CA 93405 - $4,200,000 · Multi-Family Home for Sale, photo 1 356 N Chorro, San Luis Obispo, CA 93405 - $4,200,000 · Multi-Family Home for Sale, photo 2 356 N Chorro, San Luis Obispo, CA 93405 - $4,200,000 · Multi-Family Home for Sale, photo 3 356 N Chorro, San Luis Obispo, CA 93405 - $4,200,000 · Multi-Family Home for Sale, photo 4 356 N Chorro, San Luis Obispo, CA 93405 - $4,200,000 · Multi-Family Home for Sale, photo 5
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Description

Welcome to Leland Lofts, a 14-unit multifamily property in the heart of San Luis Obispo. Across three buildings, the property offers 12 studios, 2 one-bedroom residences with 1 1/2 baths, on-site laundry, storage and 16 parking spaces and 5 storage spaces. The location puts residents within a short walk or bike ride to Cal Poly, the Foothill shopping and dining district and downtown San Luis Obispo. The current tenant culture consists of working professionals, some of whom work at Cal Poly. In recent years current ownership has invested in the property with new windows, new roof, exterior painting, fencing, landscaping and site improvements, new commercial laundry equipment and renovations in multiple units. The property is currently fully occupied with month to month leases. Leland Lofts offers strong current income with potential to raise rents and from unrented storage units. Explore future improvements with the City for additional units subject to independent feasibility review and required approvals. Note: Unit #14 is not included in the list, as the listing only provides space for 13 units. Unit #14 is a 1 bedroom/1.5 bath unit with a current rent of $2,000/month. AGENT Broker makes no claim in regards to market rents or construction enhancements. All information dispersed is deemed reliable, but not guaranteed. Buyer and buyer's agent or broker to confirm all facts relating to the property. Contact us for the property fact sheet, rent roll and detailed financial information.

Property details

Year built
1983
Property type
Residential Income
Lot size
12,951 sqft

Location

356 N Chorro • San Luis Obispo, CA 93405

More homes for sale and rent in San Luis Obispo, CA →

Listing Agent

Michael Puhek

DRE #: 01441759

Brokerage: RE/MAX Success

Lynn Neal

Co-Listing Agent

DRE #: 01304466

Brokerage: RE/MAX Success

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CRMLS

MLS# PI26222236

Listed: 10/13/2026 4:47 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/13/2026 11:56 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: RE/MAX Success

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715