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$1,140,000
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Property Description
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
Full Property Details for 165 Cerro Romauldo Ave
General
- Sold For: $1,140,000
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: SC25254062
- Added to Site: 121 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
- Eating Areas: Breakfast Counter/Bar, Family Kitchen
- 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
Bathrooms
- Total Bathrooms: 2
- 3/4 Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Inside, See Remarks, Stackable, Washer Hookup
Additional Information
- Pool Description: None
Exterior
- Deck/Patio: Porch, Front Porch
Parking
- Parking: Carport
Location
- County: San Luis Obispo
- Subdivision: San Luis Obispo(380)
- Driving Directions: West on E.Foothill Blvd. Right on Patricia. Left on Cerro Romauldo
School Information
- School District: San Luis Coastal Unified
Community
- Community Features: Biking, Curbs, Hiking, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Suburban
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
Structural Information
- Structure Type: Single Family Residence
- Construction: Cedar, Cement Siding, Concrete, Drywall Walls, Ducts Professionally Air-Sealed, Glass, HardiPlank Type, Lap Siding, Radiant Barrier
- Foundation: Raised, Slab
- Roof: Composition
- Common Walls: No Common Walls
- Disability Access: Wide Doors (32 Inches or More), Doors - Swing In, No Interior Steps
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,420
- Sq. Ft. Source: Assessor
- Year Built: 1935
- Year Built Source: Other
- Property Condition: Additions/Alterations, Updated/Remodeled
Additional Structures
- Other Structures: Two on a Lot
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 0.1148
- Lot Size Source: Assessor
- Zoning: R1
- Lot Description: 0-1 Unit/Acre, Front Yard, Level with Street, Rectangular Lot, Park Nearby, Utilities - Overhead
- Fencing (Description): Excellent Condition, New Condition, Wood
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.: $802.82
Disclosures and Reports
- Special Conditions: Standard
- Inclusions: Washer/dryer, Refrigerator
Listed by Comet Realty, Kristin Lachemann
Sold by Platinum Properties, Jennifer Dawson
Get Pre-Approved Today
Schools
Schools serving 165 Cerro Romauldo Ave
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Bishop's Peak Elementary School 451 Jaycee Drive, San Luis Obispo, CA 93405 | K-6 | 0.2 mi |
Laguna Middle School 11050 Los Osos Valley Road, San Luis Obispo, CA 93405 | 7-8 | 2.3 mi |
San Luis Obispo High School 1499 San Luis Drive, San Luis Obispo, CA 93401 | 9-12 | 2 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
Date
Details
Price
Change
Source
1/21/2026
Sold
$1,140,000
-4.04%
MLS
11/09/2025
Listed
$1,188,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
165 Cerro Romauldo Avenue, San Luis Obispo, CA 93405 (MLS# SC25254062) is a Single Family property that was sold at $1,140,000 on January 21, 2026. Want to learn more about 165 Cerro Romauldo Avenue? Do you have questions about finding other Single 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.

