Welcome to Leland Lofts, a 14-unit multifamily property in the heart of San Luis Obispo.
Across three buildings, the property offers 12 studios, 2 one-bedroom residences with 1 1/2 baths, on-site laundry, storage and 16 parking spaces and 5 storage spaces. The location puts residents within a short walk or bike ride to Cal Poly, the Foothill shopping and dining district and downtown San Luis Obispo.
The current tenant culture consists of working professionals, some of whom work at Cal Poly.
In recent years current ownership has invested in the property with new windows, new roof, exterior painting, fencing, landscaping and site improvements, new commercial laundry equipment and renovations in multiple units.
The property is currently fully occupied with month to month leases.
Leland Lofts offers strong current income with potential to raise rents and from unrented storage units. Explore future improvements with the City for additional units subject to independent feasibility review and required approvals.
Note: Unit #14 is not included in the list, as the listing only provides space for 13 units. Unit #14 is a 1 bedroom/1.5 bath unit with a current rent of $2,000/month.
Broker makes no claim in regards to market rents or construction enhancements.
All information dispersed is deemed reliable, but not guaranteed. Buyer and buyer’s agent or broker to confirm all facts relating to the property.
Across three buildings, the property offers 12 studios, 2 one-bedroom residences with 1 1/2 baths, on-site laundry, storage and 16 parking spaces and 5 storage spaces. The location puts residents within a short walk or bike ride to Cal Poly, the Foothill shopping and dining district and downtown San Luis Obispo.
The current tenant culture consists of working professionals, some of whom work at Cal Poly.
In recent years current ownership has invested in the property with new windows, new roof, exterior painting, fencing, landscaping and site improvements, new commercial laundry equipment and renovations in multiple units.
The property is currently fully occupied with month to month leases.
Leland Lofts offers strong current income with potential to raise rents and from unrented storage units. Explore future improvements with the City for additional units subject to independent feasibility review and required approvals.
Note: Unit #14 is not included in the list, as the listing only provides space for 13 units. Unit #14 is a 1 bedroom/1.5 bath unit with a current rent of $2,000/month.
Broker makes no claim in regards to market rents or construction enhancements.
All information dispersed is deemed reliable, but not guaranteed. Buyer and buyer’s agent or broker to confirm all facts relating to the property.
Property Details
Price:
$3,700,000
MLS #:
PI26222236
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Commercial/Residential
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Oct 13, 2026
Total Sq Ft:
9,360
Lot Size:
12,951 sqft / 0.30 acres (approx)
Year Built:
1983
Units:
13
See this Listing
Schools
Interior
Cooling
None
Heating
Forced Air, Wall Furnace
Laundry Features
Laundry Room, Washer Included, Dryer Included
Levels
One, Two
Exterior
Common Walls
No Common Walls
Community Features
Urban
Covered Spaces
22
Fencing
Good Condition
Garage Spaces
16
Lot Features
Level with Street, Lot 10000-19999 Sqft
Open Parking Spaces
10
Parking Spots
16
Parking Total
16
Roof
Composition, Shingle
Stories
2
Financial
Map
Community
- Address356 N Chorro San Luis Obispo CA
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93405
Subdivisions in San Luis Obispo
Market Summary
Current real estate data for Multi Family in San Luis Obispo as of Nov 09, 2026
10
Multi Family Listed
89
Avg DOM
$2,469,000
Avg List Price
Property Summary
- Located in the San Luis Obispo(380) subdivision, 356 N Chorro San Luis Obispo CA is a Multi Family for sale in San Luis Obispo, CA, 93405. It is listed for $3,700,000 To schedule a showing of MLS#pi26222236 at 356 N Chorro in San Luis Obispo, CA, contact your Outland and Associates Real Estate agent at 8054813939.
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Courtesy of RE/MAX Success. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 356 N Chorro
San Luis Obispo, CA