Multifamily Property for Sale - San Luis Obispo, California ID: 5079503750

607 Grand Avenue is a 20-unit student housing community accessed directly from Grand Avenue and located just 0.4 miles from the Cal Poly campus, offering exceptional proximity that is easily reachable by car, bike, or on foot. Its direct approach via a primary arterial and immediate closeness to campus support strong and consistent student rental demand, positioning the property as a highly competitive housing option within Cal Poly’s constrained off-campus market. The property is comprised entirely of townhome-style units with almost identical floorplans across the community. Each unit features a two-bedroom/one-bath layout with an average of approximately 3 to 4 students per unit, optimizing roommate configurations while maintaining functional living layouts. The community is anchored by an outdoor amenity area featuring a basketball court, grills, and shared community space. Free on-site parking and an on-site laundry room further enhance day-to-day livability, while an adjacent vacant space currently used for storage—backing the laundry room—presents compelling ADU potential, with the likely capability to convert into a large studio unit. ALSO AVAILABLE FOR PURCHASE AS A 3-PROPERTY PORTFOLIO. ALL PROPERTIES UNDER SAME OWNERSHIP: 555 WESTMONT APARTMENTS & COLLEGE GARDENS APARTMENTS.