130 Orange Drive

San Luis Obispo, CA 93405

$2,250,000
Price
7
Beds
3
Baths
2,622 Sq. Ft.
$858 / Sq. Ft.
2,622
Sq. Ft.
$858
per Sq. Ft.

Description

Located just two blocks from Cal Poly, this property offers an exceptional investment opportunity for homeowners, investors, and Cal Poly parents alike. The main house features 5 bedrooms and 2 bathrooms, approx 1571 sq ft, while a separate guest house includes 2 bedrooms, 1 bathroom, and a loft, approx 1051 sq ft—ideal for generating additional rental income. With the garage offering the potential to be converted into another ADU, the property’s value could increase even further. The front house...Located just two blocks from Cal Poly, this property offers an exceptional investment opportunity for homeowners, investors, and Cal Poly parents alike. The main house features 5 bedrooms and 2 bathrooms, approx 1571 sq ft, while a separate guest house includes 2 bedrooms, 1 bathroom, and a loft, approx 1051 sq ft—ideal for generating additional rental income. With the garage offering the potential to be converted into another ADU, the property’s value could increase even further. The front house is currently leased at $6,100 per month, and the back house brings in $3,100 per month, with tenants covering all utilities. Situated close to Cal Poly, parks, dining, and public transport, this versatile property provides both residential comfort and significant income potential in a highly sought-after location.
  1. Listed by Hal Sweasey • DRE #01111911 • Brokerage DRE #02005015 • Keller Williams Realty Central Coast • 805-781-3750

Property Details for 130 Orange Drive

View
Hills, Neighborhood
Parking Spaces Total
1
Private Pool
No
Cooling Type
Other/Remarks
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2622
LISTING UPDATED: 11/05/2024 04:57 AM

Property Details for 130 Orange Drive

StatusActive
MLS #SC24200591
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.18 AC / 7,861 SF
CountySan Luis Obispo County

Building Information for 130 Orange Drive

Stories1Residences-Year Built1947Building Size-Lot Size0.18 AC / 7,861 SF

Property Information for 130 Orange Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $110,400
  • Gross Scheduled Income: $110,400
  • Net Operating Income: $98,400
Expense Details
  • Operating Expense: $12,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $12,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $12,000
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Tankless Water Heater
  • Equipment: Inside
  • Room Type: Kitchen, Laundry, Living Room, Loft
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: See Remarks
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: 1
  • Other Structures: Guest House Detached, Two On A Lot
  • View Description: Hills
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $6,100
  • Unit Type Total Rent: $73,200
  • Unit Type Pro Forma: 73200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,100
  • Unit Type Total Rent: $37,200
  • Unit Type Pro Forma: 37200
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 130 Orange Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 130 Orange Drive

Taxable ValueLand$217,240Additions$386,547Total$603,787
Tax Record2023$6,683 ($557 / month)
Home Facts
Total Finished SqFt1,365 SqFtAbove Grade Finished SqFt1,365 SqFtStories1Lot Size7,861 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947ZoningR1CountySAN LUIS OBISPOAPN052-092-004Fireplace TypeHas Fireplace

Schools near 130 Orange Drive

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 4 to 6
Rating
School
Distance
Bishop's Peak Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Teach Elementary School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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130 Orange Drive is a multi-family home for sale in San Luis Obispo, CA 93405. This property was listed for sale on September 19, 2024 by Keller Williams Realty Central Coast, it's currently listed at $2,250,000. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Bishop's Peak Elementary School, Laguna Middle School and San Luis Obispo High School. 130 Orange Drive is a 7-bed, 3-bath, 2,622 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Central Coast, Hal Sweasey, DRE #01111911

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