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Listing 32 out of 315
Sold for $1,460,000 Sold

11573 Los Osos Valley Road
San Luis Obispo, CA 93405

8,419 sq ft

Commercial: Office - MLS# SP18296047
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Sold for $1,460,000 on May 13, 2019


Great SLO investment property or potentially an owner/user that has a mid-sized company looking to own instead of rent office space. The rents are well below market however all leases are short term. Getting rents to market and changing leases from gross to net should have the potential to get the property to a 7% cap. The property is comprised of a two-story office complex that totals approximately 8,419 SqFt. The buildings were built in the late 70's and have been well maintained. It is two stories of wood-frame construction (stucco-coat and wood siding) with a flat roof. There are various entries around the building. Each floor also features tow common area restrooms and a mechanical room. The building fronts Los Osos Valley Rd and has both covered and uncovered parking in back and accommodates 26 parking spaces. Unit interiors feature carpeted floors, painted and textured Sheetrock walls, and drop-lit/acoustical panel ceilings. The building includes forced-air heating and air conditioning. There are concrete walks in and around the building. There is irrigated landscaping and mature trees on the parcel. See attached brochure for financials and interior photos of the property.


  • Property Type: Commercial
  • Sub Type: Office
  • Listing Status: Closed
  • Listing Price: $2,104,750
  • Zip Code: 93405
  • Year Built: 1978
  • Sq.Ft.: 8,419 sq ft
  • Area: SLO - San Luis Obispo
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Carport Spaces: 6.00
  • Condo Area Units: Square Feet
  • Construction Materials: Stucco
  • Cooling YN: Yes
  • Country: US
  • Directions: Second building west or corner of LOVR & Madonna Rd
  • Heating: Forced Air
  • Heating YN: Yes
  • Investment Property YN: Yes
  • Land Use: Office
  • Listing Agent License: 01013696
  • Listing Office License: 01932713
  • Lot Size Source: Assessor
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Units Leased: 9
  • Office Class: B
  • Office Square Footage: 8419
  • Parking Ratio: 3.25
  • Parking Total: 26.00
  • Selling Agent: Kevin King
  • Selling Agent License: 01013696
  • Selling Office: King Properties
  • Selling Office License: 01932713
  • Uncovered Spaces: 20.00
  • Water Source: Public
  • Sold Price: 1460000.00
  • Sold Date: 2019-05-13
Courtesy of King Properties, Kevin King


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Monique Carlton - Owner, Agent of
San Luis Obispo Realty - Top San Luis Obispo Real Estate Agency on the Central Coast!
441 Marsh Street
San Luis Obispo, CA 93401
Phone: (805) 471-6921
Email: moniquecarlton@gmail.com
BRE # 00184228

My web sites: www.SellingSanLuis.com and www.CentralCoastListings.com
Company web site: www.San-Luis-Obispo-Realty.com


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