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
Listing Provided Courtesy Of:
Sheri Parrish with Country Real Estate, Inc..
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
2/12/2019 Listed $3,999,000
5/10/2019 4% - $3,850,000
1/6/2020 4% - $3,700,000
5/13/2020 3% - $3,600,000

General Features

Building Features Living Quarters
Business Type Hotel/Motel
Co-Listing Agent Last Name Tim
Co-Listing Agent Last Name Parrish
Co-Listing Agent State License # 01300416
Co-listing Agent Tim Parrish - BRE#01300416
Construction Materials Brick, Stucco, Wood Siding
Current Financing None
Directions HWY 101 South to the Santa Rosa exit, quick left into Motel parking lot.
Listagentaor North San Luis Obispo
Listing Agent Sheri Parrish - BRE#01294598
Listing Agent State License 01294598
MLS Area SLO - San Luis Obispo
Price Per Square Foot 412.04
Property SubType Hotel/Motel
Property Type Commercial Sale
Roof Composition
Security Features Resident Manager, Security Lights, Smoke Detector(s)
Source System CRMLS
Special Listing Conditions Standard
Utilities Cable Available, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected

Interior Features

Condo Area Unit Type Square Feet
Laundry Features Community

Exterior Features

Building Area Total 8737.00
Fence Y/N Yes
Lot Size Source Assessor
Number of Buildings 3
Water Source Public


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

Property vs Zip Code Average in 93405

AVG $650K
AVG 23
Year Built
AVG 1971
AVG 57
Data Provided by Walkscore ® not using MLS data

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