San Luis Obispo Homes with Mixed Use Subtype

Welcome to San Luis Obispo, a charming city nestled in the heart of California’s picturesque Central Coast. Known for its vibrant downtown, rich history, and stunning natural landscapes, San Luis Obispo (often affectionately referred to as SLO) offers a unique blend of urban convenience and small-town warmth. With an average year-round temperature of 70 degrees, it's no wonder residents enjoy outdoor activities, from hiking the scenic trails of Bishop Peak to relaxing at nearby beaches.

One of the most appealing aspects of living in San Luis Obispo is the diverse real estate market, particularly homes with a mixed-use subtype. These properties are perfect for those seeking a dynamic lifestyle that combines residential comfort with commercial opportunities. Imagine living just steps away from your favorite café or boutique, allowing you to enjoy the best of both worlds—work and play—all within your community.

In San Luis Obispo, mixed-use homes are designed to promote a vibrant, walkable lifestyle, making it easy to connect with neighbors and explore the local culture. Whether you’re an entrepreneur looking to establish a small business or a family wanting to be part of a thriving neighborhood, these homes provide the flexibility and convenience you need.

With its friendly atmosphere, rich cultural offerings, and stunning surroundings, San Luis Obispo is more than just a place to live—it's a place to thrive. Explore the possibilities of mixed-use living in this delightful city and discover your perfect home in SLO today!

Newest San Luis Obispo Homes with Mixed Use Subtype

$4,200,000

PI26222236 MLS ⋅ Active Status

Welcome to Leland Lofts, a 14-unit multifamily property in the heart of San Luis Obispo. Across three buildings, the property offers 12 studios, 2 one-bedroom residences with 1 1/2 baths, on-site laundry, storage and 16 parking spaces and 5 storage spaces. The location puts residents within a short walk or bike ride to Cal Poly, the Foothill shopping and dining district and downtown San Luis Obispo. The current tenant culture consists of working professionals, some of whom work at Cal Poly. In recent years current ownership has invested in the property with new windows, new roof, exterior painting, fencing, landscaping and site improvements, new commercial laundry equipment and renovations in multiple units. The property is currently fully occupied with month to month leases. Leland Lofts offers strong current income with potential to raise rents and from unrented storage units. Explore future improvements with the City for additional units subject to independent feasibility review and required approvals. Note: Unit #14 is not included in the list, as the listing only provides space for 13 units. Unit #14 is a 1 bedroom/1.5 bath unit with a current rent of $2,000/month. AGENT Broker makes no claim in regards to market rents or construction enhancements. All information dispersed is deemed reliable, but not guaranteed. Buyer and buyer's agent or broker to confirm all facts relating to the property. Contact us for the property fact sheet, rent roll and detailed financial information.

356 N Chorro, San Luis Obispo

$1,000,000

SC26198157 MLS ⋅ Active Under Contract Status

4115 Vachell Lane offers an exceptional investment opportunity for developers, owner-users, and commercial investors looking to secure a high-potential footprint in a highly convenient corridor. Situated on an expansive 18,232 sq. ft. lot, this versatile property provides a rare combination of immediate residential/office utility, abundant parking, and long-term redevelopment or expansion potential. Detached garage and storage shed included. Lot Size: 18,232 sq. ft. (0.42 Acres) Building Size: 1,482 sq ft 4 Bedrooms / 1.75 Baths (Flexible floor plan) Parking: Abundant on-site parking suitable for fleet vehicles, clients, or tenants

4115 Vachell, San Luis Obispo

$3,949,000

SC26164243 MLS ⋅ Active Status

13,184 SF modern warehouse/office building in San Luis Obispo, offering exceptional flexibility for either multi-tenant investment or owner-occupancy, in a popular modern commercial development. Built in 2004 of metal construction, this contemporary facility is currently divided into four suites. One Class A office suite is secured under a long-term lease, while the remaining space presents an outstanding opportunity for an owner-user seeking an ideal balance of office and warehouse functionality. Up to 9,367 SF is available for a single user with flexible configurations including: • 6,660 SF warehouse + 2,707 SF office, single user • 3,570 SF warehouse + 5,797 SF office, single user or Lease the three remaining suites in current configuration. With high construction costs and lack of available land, warehouse/office combo properties of this quality have become increasingly scarce in the San Luis Obispo market, making this a rare offering. $3,949,000

615 Clarion Court, San Luis Obispo

$2,495,000

10 Beds ⋅ 4 Baths ⋅ SC26131654 MLS ⋅ Active Status

An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 452 Higuera Street. This rare, creekside property spans two adjacent APNs and represents a premier acquisition for developers, contractors, and investors looking to capitalize on a highly prized location. While the site currently features four income-generating residential units (three 3-bedroom/1-bathroom homes and one 1-bedroom/1-bathroom home), the true value of this offering is in the land and its highest and best use as a high-density, mixed-use project. Zoned CR Retail Commercial and allowing for up to 36 density units per acre, the lot is perfectly positioned to support the City of SLO’s long-term initiative for urban infill housing. Future residents will enjoy a vibrant lifestyle in the absolute center of downtown, surrounded by thriving shops, offices, and restaurants. To fast-track your development plans, a professional feasibility study by RRM Design Group has already been completed, highlighting two lucrative pathways: a boutique 11-unit luxury for-sale townhome development, or a higher-density 20-unit condo or apartment complex. Opportunities in this tightly held downtown corridor are exceptionally rare—bring your vision to this premier location and shape the future of San Luis Obispo.

452 Higuera Street, San Luis Obispo

$3,465,000

PI26092891 MLS ⋅ Active Status

Located at Higuera and Chorro Streets—the true epicenter of Downtown San Luis Obispo’s primary commercial corridor—this ±7,492 SF two-story mixed-use asset blends office and retail uses to create strong in-place income and tenant synergy. Surrounded by premier shopping, dining, and the Thursday night Farmers’ Market, and just steps from Mission San Luis Obispo and Cal Poly’s HotHouse innovation hub, the property benefits from consistent tourism, student activity, and daily foot traffic. Offered at $3,465,000 (4.88% cap rate), the asset provides stable cash flow with long-term upside in a tightly held market with limited inventory—an exceptional opportunity to secure a high-profile downtown SLO investment.

793 Higuera, San Luis Obispo

$2,650,000

SC26048875 MLS ⋅ Active Status

This exceptional multi-unit property delivers strong cash flow from day one with 7 long-term rentals. Most units feature private fenced yards for enhanced tenant appeal and privacy. Set in a peaceful country location yet just minutes from town, it boasts beautiful views of Bishop Peak and Madonna Mountain—ideal for enjoying Central Coast living. With room to add units (subject to county approval, buyer to verify), this is a turnkey cash-flow opportunity with excellent growth potential in one of California's most sought-after areas. Perfect for investors seeking proven performance, privacy, stunning scenery, and prime location. See listing agent for additional income opportunities.

35 Blarney, San Luis Obispo

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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.

San Luis Obispo Homes with Mixed Use Subtype

Newest San Luis Obispo Homes with Mixed Use Subtype

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