Condo For Sale Near Cal Poly: Ideal for Students and Investors! | San Luis Obispo houses for sale

Are you looking for a prime investment opportunity or a convenient home base near Cal Poly University? Look no further! This stunning condo at 1185 E Foothill Blvd #5 offers the perfect blend of convenience, style, and comfort. Located just a block away from Cal Poly's campus, this property is ideal for students and investors alike.

Property Highlights

• Price: $735,000
• Bedrooms: 2
• Bathrooms: 2
• Square Footage: 1,218 sqft
• Year Built: 1986
• Parking: 2-car tandem carport
• Community: Pine Creek

Modern Living in a Prime Location

This freshly updated condo features luxury vinyl plank flooring, freshly painted walls, and ample natural light. The spacious layout includes:

• A cozy den and living room
• A functional loft
• An office/den
• A private backyard accessible from the first-floor bedroom
• A balcony on the main level

All appliances, including a newer washer and dryer, are included, making your move-in effortless.

High Rental Demand

With its close proximity to Cal Poly University, this condo guarantees high rental demand and low vacancy rates. Currently rented through June 30th, 2025, at $4,200/month, this property could be one of the best returns on investment in town.

Nearby Amenities

Living at 1185 E Foothill Blvd #5 means you're never far from the best that San Luis Obispo has to offer. Here are some popular spots nearby:

Coffee Shops

• Scout Coffee Company: 1130 Garden St, San Luis Obispo, CA 93401
• Field Day Coffee: 1185 Monterey St, San Luis Obispo, CA 93401

Restaurants

• Raku Ramen: 799 E Foothill Blvd, Ste A, San Luis Obispo, CA 93405
• 1865 Craft House & Kitchen: 1865 Monterey St, San Luis Obispo, CA 93401

Parks

• Laguna Lake Park: A beautiful spot for outdoor activities and relaxation.
• Mission Plaza: A historic and scenic area perfect for leisurely strolls.

Contact Me for More Information

Don't miss the chance to make this exceptional condo your new home or investment property. For more information and to schedule a viewing, contact:

Justin Stoner
Buyer's Agent
Central Coast Sotheby's International Realty
License #02208362
(805) 440-8104

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Listing Agent:
Clint Nunes
Triad Real Estate Group
License # 01954616
805-328-4676

Developers may be required to build more affordable housing in SLO

Real estate developers could be required to include as much as 10 percent of their housing stock to be below-market-rate value for low- and moderate-income families, according to a new proposal.

The City of San Luis Obispo wants to ramp up the construction of affordable housing units. An updated draft of the Inclusionary Housing Ordinance would require 5 percent of new development to be low income. 

Another 5 percent would be moderate-income, meaning 10 percent of housing in the city would be below market rate value. That's up from the current requirement of 3 percent for low income, or 5 percent for moderate-income households.

The proposal will be discussed at the planning commission's next meeting on June 8. 

There will be some exemptions to the new ordinance if it's passed, including new developments of four units or less.