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$1,188,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
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Unique income-producing property in beautiful San Luis Obispo! This versatile property includes two completely separate units, ideal for investment, multi-generational living, or owner-occupancy with rental income. **Front Unit - 165 Cerro Romauldo (Approx. 420 sq. ft., 1 Bed / 1 Bath) -Fully renovated in 2022 with new plumbing, electrical, and interior finishes -Updated kitchen with newer appliances; washer, dryer and refrigerator included -New roof and replaced sewer lateral. *Private fenced yard and single-car carport **Back Unit - 167 Cerro Romauldo (Approx. 1,000 sq. ft., 3 Beds / 1 Bath) -Newly constructed ADU with private entrance -Owned solar panels, 9' ceilings, and air conditioning -Low-maintenance, drought-tolerant landscaping *Investment Highlights -Both units leased through June 2026 for a combined $6,000/month (165: $2,200 | 167: $3,800) -Excellent opportunity for steady rental income or future owner occupancy This property is offered AS-IS. Conveniently located near downtown SLO, parks, and Cal Poly. Don't miss this outstanding investment opportunity!

Full Property Details for 165 Cerro Romauldo Ave

General

  • Price: $1,188,000
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SC25253370
  • Updated: 12/27/2025
  • Added to Site: 70 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down, Galley Kitchen, Kitchen
  • Interior Features: Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Unfurnished
  • Fireplace(s): None
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Recirculating Exhaust Fan, Refrigerator, Tankless Water Heater, Water Line to Refrigerator
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Inside, See Remarks, Stackable, Washer Hookup

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Carport
  • Parking: Carport

Location

  • Area: SLO - San Luis Obispo
  • County: San Luis Obispo
  • Development Name: SLO - San Luis Obispo
  • Driving Directions: West on E.Foothill Blvd. Right on Patricia. Left on Cerro Romauldo

Heating & Cooling

  • Cooling Type: Central Air, Electric, ENERGY STAR Qualified Equipment, Heat Pump, SEER Rated 16 or Higher, Zoned
  • Heating Type: Electric, ENERGY STAR Qualified Equipment, Heat Pump, Solar

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Foundation: Raised, Slab
  • Roof: Composition
  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,420
  • Year Built: 1935

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: Two on a Lot

Lot Features

  • Property View: Mountain(s)
  • Lot Size (Acres): 0.1148
  • Lot Size (Sq. Ft.): 5,000
  • Lot Size Source: Assessor
  • Zoning: R1
  • Lot Description: 0-1 Unit/Acre, Front Yard, Level with Street, Rectangular Lot, Park Nearby, Utilities - Overhead

Green Features

  • Energy Efficient: Appliances, Construction, HVAC, Lighting, Thermostat, Water Heater, Windows
  • Energy Generation: Solar
  • Water Conservation: Flow Control

Financial Considerations

  • Price Per Sq. Ft.: $836.62
  • Price Per Unit: 594000

Disclosures and Reports

  • Inclusions: Washer/dryer, Refrigerator

Listed by Comet Realty, Kristin Lachemann

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Listing agent

— 165 Cerro Romauldo Ave —

  • Kristin Lachemann

    Comet Realty

805-801-4653

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 165 Cerro Romauldo Ave

School District:San Luis Coastal Unified School District
NameGradesDistance
Bishop's Peak Elementary School
451 Jaycee Drive, San Luis Obispo, CA 93405
K-60.2 mi
Laguna Middle School
11050 Los Osos Valley Road, San Luis Obispo, CA 93405
7-82.3 mi
San Luis Obispo High School
1499 San Luis Drive, San Luis Obispo, CA 93401
9-122 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 165 Cerro Romauldo Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/09/2025
Listed
$1,188,000
74.96%
MLS
5/27/2022
Sold
$679,000
—
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 165 Cerro Romauldo Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,359
2%
$939,858
2%
2024
$10,183
33%
$921,431
33%
2023
$7,666
14%
$692,580
9%
2022
$6,720
2475%
$635,000
2482%
2021
$261
1%
$24,589
1%
2020
$258
1%
$24,337
2%
2019
$256
2%
$23,861
2%
2018
$251
2%
$23,394
2%
2017
$246
2%
$22,936
2%
2016
$241
2%
$22,487
2%
2015
$237
9%
$22,150
2%
2014
$218
—
$21,717
—
2013
$217
—
$21,619
—
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 165 Cerro Romauldo Ave

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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 Comet Realty, Kristin Lachemann

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165 Cerro Romauldo Avenue, San Luis Obispo, CA 93405 (MLS# SC25253370) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 165 Cerro Romauldo Avenue is currently listed for $1,188,000 and was received on November 09, 2025. Want to learn more about 165 Cerro Romauldo Avenue? Do you have questions about finding other Multi-Family 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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