1703 Santa Barbara Avenue, San Luis Obispo, CA 93401

$2,200,000
List Price
$2,200,000
Status
ACTIVE
MLS#
SC22096554
Year Built
1885
Lot Size
6,035
Acres
0.1385
Lot Location
Item1620UnitsAcre, Back Yard, Corner Lot, Walkstreet
Days on Market
7
Property Type
Multifamily
Neighborhood
San Luis Obispo(380)

Property Description

Known as “The Establishment” this building has been woven into the historical fabric of San Luis Obispo. Owned by the same family since 1977, this is a unique opportunity to own an iconic piece of history. Situated at the trivium of Santa Barbara, Leff + Osos Streets, The Establishment has been a life changing experience in communal living for decades. With 19 private rooms, 4 full bathrooms, living room, kitchen and plenty of outdoor space, this building has nurtured students, artists and writers, including the famous beat author Jack Kerouac who once lived here while working as a brakeman for the Southern Pacific Railroad in the early 1950’s. Known by many names the building was constructed around 1886 + was originally located at 894 Monterey Street. Then known as the Call Rooming House + Elmo Rooming House. In 1895 it was moved to the current location and renamed “the Chicago hotel”, purchased in 1904 and eventually renamed the Park View hotel, then during the 40’s + 50’s it was known as the Colonial Hotel and by 1973 the building was referred to as it is now: The Establishment. This house carries an essence of intentional living and the whispers of a bygone era. Located ideally in downtown San Luis Obispo + in need of some repair, this building has been life changing for those lucky enough to have called it home + in exchange for a little TLC, it can change yours. Property is registered on the historical master list with the City of SLO. Property is not in the Mill's Act.

Additional Information

Taxes
$2,690
Pool Description
None
Heat
Natural Gas, Wall Furnace
Exterior Construction
Frame, Wood Siding
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
19
Gross Scheduled Income
$166,200
Operating Expense
60689

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Linda Wilson from Wilson & Co. Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.