1247 Murray Ave

San Luis Obispo, CA 93405

$1,799,000
Price
6
Beds
6
Baths
3,525 Sq. Ft.
$510 / Sq. Ft.
3,525
Sq. Ft.
$510
per Sq. Ft.

Description

Welcome to 1247 Murray Street, a 6-unit multifamily property ideally located in the heart of San Luis Obispo. Each unit offers 1 bedroom and 1 bathroom, making this an attractive and highly rentable property for students, healthcare professionals, and working individuals. This turnkey investment is situated just minutes from Cal Poly University, Sierra Vista Regional Medical Center, and the vibrant downtown SLO corridor. Tenants will enjoy the convenience of nearby shops, restaurants, parks, and...Welcome to 1247 Murray Street, a 6-unit multifamily property ideally located in the heart of San Luis Obispo. Each unit offers 1 bedroom and 1 bathroom, making this an attractive and highly rentable property for students, healthcare professionals, and working individuals. This turnkey investment is situated just minutes from Cal Poly University, Sierra Vista Regional Medical Center, and the vibrant downtown SLO corridor. Tenants will enjoy the convenience of nearby shops, restaurants, parks, and public transportation—adding to the strong rental demand in this sought-after area. Whether you’re a seasoned investor or entering the multifamily market, 1247 Murray Street presents a rare opportunity to own a stable income-producing property in one of California’s most desirable coastal communities. Don’t miss your chance to own a multifamily gem in beautiful San Luis Obispo.
  1. Listed by Andrew Richardson • DRE #01872187 • Brokerage DRE #01904034 • Richardson Sotheby's International Realty • andrew@richardsonproperties.com
  2. Listed by Charlie Richardson • DRE #00416661 • Brokerage DRE #01904034 • Richardson Sotheby's International Realty

Property Details for 1247 Murray Avenue

View
City Lights, Hills, Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3525
LISTING UPDATED: 05/23/2025 02:44 AM

Property Details for 1247 Murray Avenue

StatusPending
MLS #SC25103615
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
CountySan Luis Obispo County

Location

Listing Courtesy of Richardson Sotheby's International Realty, Andrew Richardson, DRE #01872187; Richardson Sotheby's International Realty, Charlie Richardson, DRE #00416661
Add your commute

Building Information for 1247 Murray Avenue

Building/Complex1247 Murray AveFloor-Stories3Residences-Pet Policy-Pet Policy Details-Year Built1973Building Size-

Payment Calculator

$11,011 per month

30 year fixed, 6.845% Interest

Principal and Interest

$9,426

Property Taxes

$1,585

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1247 Murray Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $93,576
  • Gross Scheduled Income: $133,680
  • Net Operating Income: $93,576
  • Laundry Income: $262
Expense Details
  • Operating Expense: $40,155
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $46,788
Tax / Assessment Info
  • Tax Census Tract: 109.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Electric Cooktop, Disposal, Refrigerator, Water Heater
  • Equipment: Community, Refrigerator, Room
  • Interior Features: 2 Staircases, Balcony, Ceiling Fan(s), Storage
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Vinyl
Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Asphalt
  • Exterior Construction: Asphalt
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic
  • View Description: City Lights, Hills
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street, Rectangular Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Asphalt, Paved, On Site
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: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,845
  • Unit Type Total Rent: $1,845
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,845
  • Unit Type Total Rent: $1,845
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,855
  • Unit Type Total Rent: $1,855
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Number With Disposal: 6

Property History for 1247 Murray Avenue

DateEvent & SourcePriceAppreciation
May 16, 2025

Pending

CRMLS #SC25103615

—
May 16, 2025

Pending

SDMLS #SC25103615

—
May 16, 2025

Pending

CLAW #SC25103615MR

—
May 12, 2025

Listed (Active)

SDMLS #SC25103615

$1,799,000—
May 12, 2025

Listed (Active)

CLAW #SC25103615MR

$1,799,000—
May 12, 2025

Listed (Active)

CRMLS #SC25103615

$1,799,000—
Sep 29, 2017

Sold

SDMLS #SP17166894

$1,500,000—
Sep 29, 2017

Sold

CLAW #SP17166894MR

$1,500,000—
Sep 29, 2017

Sold

CRMLS #SP17166894

$1,500,000—
Sep 20, 2017

Sold (Public Record)

Public Record #606330392

$1,500,000

+21.4% / yr

Aug 21, 2017

Pending

CRMLS #SP17166894

—
Aug 21, 2017

Pending

CLAW #SP17166894MR

—
Jul 26, 2017

Listed (Active)

CRMLS #SP17166894

$1,699,000—
Jul 26, 2017

Listed (Active)

SDMLS #SP17166894

$1,699,000—
Jul 26, 2017

Listed (Active)

CLAW #SP17166894MR

$1,699,000—
Jun 6, 2016

Permanently Off Market

SDMLS #SP1066947

—
Jun 6, 2016

Permanently Off Market

CLAW #SP1066947MR

—
Jun 6, 2016

Permanently Off Market

NSBCMLS #1066947

$1,599,000—
Jun 6, 2016

Permanently Off Market

CRMLS #SP1066947

$1,599,000—
May 18, 2016

Listed (Active)

NSBCMLS #1066947

$1,599,000—
May 18, 2016

Listed (Active)

CRMLS #SP1066947

$1,599,000—
May 18, 2016

Listed (Active)

CLAW #SP1066947MR

$1,599,000—
May 18, 2016

Listed (Active)

SDMLS #SP1066947

$1,599,000—
Nov 19, 2015

Sold (Public Record)

Public Record #564636795

$1,050,000

+7.0% / yr

Oct 25, 2012

Permanently Off Market

NSBCMLS #189298

$925,000—
Oct 24, 2012

Sold

NSBCMLS #189298

$850,000—
Oct 24, 2012

Sold

CLAW #SL189298MR

$850,000—
Oct 24, 2012

Sold

CRMLS #SL189298

$850,000—
Oct 3, 2012

Sold (Public Record)

Public Record #340812222

$850,000—
Sep 14, 2012

Pending

CRMLS #SL189298

—
Sep 14, 2012

Pending

CLAW #SL189298MR

—
Aug 21, 2012

Listed (Active)

NSBCMLS #189298

$925,000—
Aug 21, 2012

Listed (Active)

CLAW #SL189298MR

$925,000—
Aug 21, 2012

Listed (Active)

CRMLS #SL189298

$925,000—
Aug 25, 2005

Expired

CLAW #PI1032196MR

—
Aug 25, 2005

Expired

SDMLS #PI1032196

—
Jan 29, 2005

Expired

Santa Barbara AOR #04-2498

$975,000—
Jul 29, 2004

Listed (Active)

SDMLS #PI1032196

$975,000—
Jul 29, 2004

Listed (Active)

CLAW #PI1032196MR

$975,000—
Jul 28, 2004

Listed (Active)

Santa Barbara AOR #04-2498

$975,000—
DateEvent & SourcePrice
05/16/2025

Pending

CRMLS #SC25103615

—
05/16/2025

Pending

SDMLS #SC25103615

—
05/16/2025

Pending

CLAW #SC25103615MR

—
05/12/2025

Listed (Active)

SDMLS #SC25103615

$1,799,000
05/12/2025

Listed (Active)

CLAW #SC25103615MR

$1,799,000
05/12/2025

Listed (Active)

CRMLS #SC25103615

$1,799,000
09/29/2017

Sold

SDMLS #SP17166894

$1,500,000
09/29/2017

Sold

CLAW #SP17166894MR

$1,500,000
09/29/2017

Sold

CRMLS #SP17166894

$1,500,000
09/20/2017

Sold (Public Record)

Public Record #606330392

$1,500,000

+21.4% / yr

08/21/2017

Pending

CRMLS #SP17166894

—
08/21/2017

Pending

CLAW #SP17166894MR

—
07/26/2017

Listed (Active)

CRMLS #SP17166894

$1,699,000
07/26/2017

Listed (Active)

SDMLS #SP17166894

$1,699,000
07/26/2017

Listed (Active)

CLAW #SP17166894MR

$1,699,000
06/06/2016

Permanently Off Market

SDMLS #SP1066947

—
06/06/2016

Permanently Off Market

CLAW #SP1066947MR

—
06/06/2016

Permanently Off Market

NSBCMLS #1066947

$1,599,000
06/06/2016

Permanently Off Market

CRMLS #SP1066947

$1,599,000
05/18/2016

Listed (Active)

NSBCMLS #1066947

$1,599,000
05/18/2016

Listed (Active)

CRMLS #SP1066947

$1,599,000
05/18/2016

Listed (Active)

CLAW #SP1066947MR

$1,599,000
05/18/2016

Listed (Active)

SDMLS #SP1066947

$1,599,000
11/19/2015

Sold (Public Record)

Public Record #564636795

$1,050,000

+7.0% / yr

10/25/2012

Permanently Off Market

NSBCMLS #189298

$925,000
10/24/2012

Sold

NSBCMLS #189298

$850,000
10/24/2012

Sold

CLAW #SL189298MR

$850,000
10/24/2012

Sold

CRMLS #SL189298

$850,000
10/03/2012

Sold (Public Record)

Public Record #340812222

$850,000
09/14/2012

Pending

CRMLS #SL189298

—
09/14/2012

Pending

CLAW #SL189298MR

—
08/21/2012

Listed (Active)

NSBCMLS #189298

$925,000
08/21/2012

Listed (Active)

CLAW #SL189298MR

$925,000
08/21/2012

Listed (Active)

CRMLS #SL189298

$925,000
08/25/2005

Expired

CLAW #PI1032196MR

—
08/25/2005

Expired

SDMLS #PI1032196

—
01/29/2005

Expired

Santa Barbara AOR #04-2498

$975,000
07/29/2004

Listed (Active)

SDMLS #PI1032196

$975,000
07/29/2004

Listed (Active)

CLAW #PI1032196MR

$975,000
07/28/2004

Listed (Active)

Santa Barbara AOR #04-2498

$975,000

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

Public Records for 1247 Murray Avenue

Taxable ValueLand$836,637Additions$836,637Total$1,673,274
Tax Record2024$19,018 ($1,585 / month)
Home Facts
Total Finished SqFt3,525 SqFtAbove Grade Finished SqFt3,525 SqFtLot Size6,450 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningR3CountySAN LUIS OBISPOAPN001-041-002

Schools near 1247 Murray Avenue

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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Listing Courtesy of Richardson Sotheby's International Realty, Andrew Richardson, DRE #01872187; Richardson Sotheby's International Realty, Charlie Richardson, DRE #00416661

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.