1531 Monterey, SLO

Property Description:

SOLD

Address: 1531 Monterey Street
City: San Luis Obispo, California
Size: 2,929 SF
Price: $1,500,000
Type: Mixed-Use: Residential/Retail
Notes: 

A truly unique art deco mixed-use building located in the heart of San Luis Obispo.

The upstairs consists of an immaculate, fully furnished 2 bedroom flat with an expansive outdoor patio, while the ground floor consists of an approximately 2,000 SF commercial space with high ceilings.

The ground floor has most recently functioned as a café, art gallery, and performance space. All furnishings and fixtures in the upstairs residence will be included. Each item in the apartment was meticulously chosen to comport with the art-deco architecture.

Amenities include custom tile and plumbing fixtures, dimmable lights, and refinished hardwood floors. The residence is a licensed vacation rental with continuous bookings, rave reviews, and super-host status. It can continue to function as a vacation rental or be used as a full-time residence.

The property is zoned C-T (Tourist Commercial) which allows for an assortment of retail and hospitality uses on the ground floor. There are conceptual plans to remodel the ground floor into three large hotel suites with a lobby and reception area, if so desired by a new owner. Other options include continuing to use the space as a café, art gallery, or retail space.

Virtual Walkthrough