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389 Pismo & 1417 Carmel

San Luis Obispo, CA 93401

– beds
– baths
– sqft
10,700 sqft lot
1929 build
– on site

389 Pismo & 1417 Carmel, this property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. 389 Pismo is a charming 2-bedroom, 1-bath ~890 sq ft house showcasing classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a ¾ bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units—buyers should check with the city regarding development options. 1417 Carmel is a Duplex featuring 2 One bedroom, 1 bath units with approximately 1144 sq ft total, built in the 1950's. Unit A is the larger of the two, and features a comfortable living room, a washer/dryer closet enclosure in the kitchen and a separate bedroom and full bathroom. Unit B offers an open floor plan with a washer/dryer closet enclosure in the living room, a separate bedroom and a full bath. Located in the highly desirable downtown San Luis Obispo area, this property is an exceptional opportunity for investors, developers, or homeowners looking to maximize value. Don't miss out on this rare find!

Listed By CRMLS_CA / Hal Sweasey / Keller Williams Realty Central Coast / 805-781-3750

Last checked: Checking… • Last updated Mar 26, 2025 •

MLS# SC25064853 —

This property is listed in more than one place. See it here, and here, and here.

The Building

Year Built:

1929
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

2190.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

3
Stories Total:

1
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

1
# of Separate Water Meters:

2
# of Separate Electric Meters:

3

Interior

Levels:

One
Entry Location:

1
Flooring:

Carpet, Vinyl, Wood
Room Type:

Kitchen, Living Room
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

Inside
Laundry:

1

Location

Directions:

Broad St to Pismo, 389 Pismo is 2nd house on the left, 1417 Carmel is 2nd house from corner of Pismo & Carmel
Latitude:

35.27382200
Longitude:

-120.66640000

The Property

Property Type:

Residential Income
Subtype:

Single Family Residence
Zoning:

R3
Lot Features:

Front Yard
Lot Size Area:

10700.0000
Lot Size Acres:

0.2456
Lot Size SqFt:

10700.00
Lot Size Source:

Assessor
View:

1
View:

Hills, Neighborhood
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

003661020
Other Structures:

Guest House Detached, Two On A Lot
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

49
Tax Census Tract:

111.05
Tax Lot:

2

The Listing

Special Listing Conditions:

Trust
Parcel Number:

003611007

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

San Luis Obispo(380)
Subdivision:

San Luis Obispo(380)
Features:

Curbs, Gutters, Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Carport, Driveway, RV Access/Parking
Parking Spaces:

6.00
Garage Spaces:

2.00
Uncovered Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/25/25 Mar 25, 2025	Listed / Active	CRMLS_CA	$1,799,000

Multifamily For Sale

$1,799,000

Listing provided by broker:

Hal Sweasey

Keller Williams Realty Central Coast

805-781-3750

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This multifamily located in Downtown San Luis Obispo Core, San Luis Obispo, CA 93401 is currently for sale for $1,799,000. 389 Pismo & 1417 Carmel is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 389 Pismo & 1417 Carmel is in the Downtown San Luis Obispo Core neighborhood of San Luis Obispo and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Laguna Middle School, Hawthorne Elementary School, and San Luis Obispo High School.

Listing Courtesy of: CRMLS_CA and Keller Williams Realty Central Coast. Based on information from California Regional Multiple Listing Service, Inc. as of 06:52 on Mar 26.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.