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$999,000

  • For Sale
  • Active
  • Commercial
  • 1,208 Sq. Ft.
  • 0.1881 Acres
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Commercial / Residential mixed use development opportunity in San Luis Obispo! This pre-planned mixed use development in downtown San Luis Obispo offers substantial income potential with 5 units to be built (2 commercial, 2 residential + ADU) within 1 mile walking/biking/transportation of Cal Poly campus San Luis Obispo. Current building on property is 1208 sq ft 2bed/1 bth home built 1910 and is rented until 1/31/2025 allowing for ongoing income as the plans/permits are finalized. Purchase of the property includes existing plans, permits, studies and approvals.

Full Property Details for 1142 Montalban St

General

  • Price: $999,000
  • Status: Active
  • Type: Commercial
  • Source: MRMLS
  • MLS ID: PI24167425
  • Updated: 2/2/2026
  • Days on Market: 561 days
  • Added to Site: 561 day(s) ago

Interior

  • Laundry Facilities: Yes

Rooms

Other Rooms

  • Laundry: Common Area

Parking

  • Uncovered Spaces: 2

Location

  • County: San Luis Obispo
  • Driving Directions: Santa Rosa St, Turn East onto Montalban. Property is on the left.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Structural Information

  • Construction: Plaster, Stucco
  • Roof: Composition, Shingle
  • Entry Floor Number: 2
  • Stories/Levels: 3
  • Building Size: 1208
  • Square Feet: 1,208
  • Year Built: 1910
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.1881
  • Useable Acres: .1881
  • Lot Size (Sq. Ft.): 8,195
  • Lot Size Source: Assessor
  • Fence: Yes
  • Lot Features: Back Yard, Front Yard
  • Lot Description: Back Yard, Front Yard
  • Fencing (Description): Wood

Financial Considerations

  • Price Per Sq. Ft.: $826

Disclosures and Reports

  • Property ID: 1113005

Listed by Keller Williams Realty Santa Barbara, ScottTaylor

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Listing agent

— 1142 Montalban St —

  • ScottTaylor

    Keller Williams Realty Santa Barbara

805-540-4825

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1142 Montalban St

School District:San Luis Coastal Unified School District
NameGradesDistance
Bishop's Peak Elementary School
451 Jaycee Drive, San Luis Obispo, CA 93405
K-61.3 mi
Laguna Middle School
11050 Los Osos Valley Road, San Luis Obispo, CA 93405
7-82.6 mi
San Luis Obispo High School
1499 San Luis Drive, San Luis Obispo, CA 93401
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1142 Montalban St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/02/2026
Price Reduced
$999,000
-9.18%
MLS
9/15/2025
Price Reduced
$1,100,000
-21.37%
MLS
12/26/2024
Price Reduced
$1,399,000
-6.73%
MLS
8/13/2024
Listed
$1,500,000
185.71%
MLS
3/03/2017
Sold
$525,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1142 Montalban St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,639
4%
$609,303
2%
2023
$6,405
—
$597,357
2%
2023
$6,405
7%
$585,645
2%
2022
$6,002
2%
$574,162
2%
2021
$5,905
1%
$562,905
1%
2020
$5,844
—
$557,134
2%
2019
$5,834
3%
$546,210
2%
2018
$5,667
7%
$535,500
9%
2017
$5,280
2%
$492,417
2%
2016
$5,176
2%
$482,763
2%
2015
$5,097
24%
$475,513
16%
2014
$4,116
8%
$410,000
8%
2013
$3,815
—
$380,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1142 Montalban St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Realty Santa Barbara, ScottTaylor

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1142 Montalban Street, San Luis Obispo, CA 93405 (MLS# PI24167425) is a Commercial property. 1142 Montalban Street is currently listed for $999,000 and was received on August 13, 2024. Want to learn more about 1142 Montalban Street? Do you have questions about finding other Commercial real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.

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