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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!
| DAYS ON MARKET | 42 | LAST UPDATED | 11/9/2025 |
|---|---|---|---|
| TRACT | San Luis Obispo(380) | YEAR BUILT | 1935 |
| COMMUNITY | SLO - San Luis Obispo | COUNTY | San Luis Obispo |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, ENERGY STAR Qualified Equipment, Heat Pump, Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Free-Standing Range, Refrigerator, Tankless Water Heater, Washer/Dryer Stacked, Water Heater |
| AREA | SLO - San Luis Obispo |
| CONSTRUCTION | Cedar, Cement Siding, Concrete, Ducts Professionally Air-Sealed, Glass, HardiPlank Type, Lap Siding |
| HEAT | Active Solar, Electric, ENERGY STAR Qualified Equipment, Heat Pump, Solar |
| INTERIOR | Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Recessed Lighting |
| LOT | 5001 sq ft |
| LOT DESCRIPTION | Front Yard, Rectangular Lot |
| LOT DIMENSIONS | 5000 |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Not Available, Sewer Connected, Underground Utilities, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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