1703 Santa Barbara Avenue

San Luis Obispo, CA 93401

$1,922,000
Last Sold Price
19
Beds
4,316 Sq. Ft.
$445 / Sq. Ft.
4,316
Sq. Ft.
$445
per Sq. Ft.

Description

Known as “The Establishment” this building has been woven into the historical fabric of San Luis Obispo. Owned by the same family since 1977, this is a unique opportunity to own an iconic piece of history. Situated at the trivium of Santa Barbara, Leff + Osos Streets, The Establishment has been a life changing experience in communal living for decades. With 19 private rooms, 4 full bathrooms, living room, kitchen and plenty of outdoor space, this building has nurtured students, artists and writers,...Known as “The Establishment” this building has been woven into the historical fabric of San Luis Obispo. Owned by the same family since 1977, this is a unique opportunity to own an iconic piece of history. Situated at the trivium of Santa Barbara, Leff + Osos Streets, The Establishment has been a life changing experience in communal living for decades. With 19 private rooms, 4 full bathrooms, living room, kitchen and plenty of outdoor space, this building has nurtured students, artists and writers, including the famous beat author Jack Kerouac who once lived here while working as a brakeman for the Southern Pacific Railroad in the early 1950’s. Known by many names the building was constructed around 1886 + was originally located at 894 Monterey Street. Then known as the Call Rooming House + Elmo Rooming House. In 1895 it was moved to the current location and renamed “the Chicago hotel”, purchased in 1904 and eventually renamed the Park View hotel, then during the 40’s + 50’s it was known as the Colonial Hotel and by 1973 the building was referred to as it is now: The Establishment. This house carries an essence of intentional living and the whispers of a bygone era. Located ideally in downtown San Luis Obispo + in need of some repair, this building has been life changing for those lucky enough to have called it home + in exchange for a little TLC, it can change yours. Property is registered on the historical master list with the City of SLO. Property is not in the Mill's Act.
  1. Listed by Linda Wilson • DRE #01045160 • Brokerage DRE #01439467 • Wilson & Co. Real Estate
  2. Listed by Bradley Wilson • DRE #01983603 • Brokerage DRE #01439467 • Wilson & Co. Real Estate

Property Details for 1703 Santa Barbara Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
19.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
4316
Assessor Parcel Number
003552006
Property Attached YN
false

Location

Listing Courtesy of Wilson & Co. Real Estate, Linda Wilson, DRE #01045160; Wilson & Co. Real Estate, Bradley Wilson, DRE #01983603

Sold By Richardson Properties, Lindsey Harn, DRE #01868098

Add your commute
LISTING UPDATED: 08/27/2022 05:16 AM

Property Details for 1703 Santa Barbara Avenue

StatusClosed
MLS #SC22096554
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1885
Lot Size0.14 AC / 6,035 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Wilson & Co. Real Estate, Linda Wilson, DRE #01045160; Wilson & Co. Real Estate, Bradley Wilson, DRE #01983603

Sold By Richardson Properties, Lindsey Harn, DRE #01868098

Add your commute

Building Information for 1703 Santa Barbara Avenue

Stories-Residences-Year Built1885Building Size-Lot Size0.14 AC / 6,035 SF

Payment Calculator

$12,296 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,489

Property Taxes

$1,807

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1703 Santa Barbara Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $96,200
  • Gross Scheduled Income: $166,200
  • Net Operating Income: $96,200
  • Laundry Income: $0
  • Current Financing: None
  • Financing: Cash
Expense Details
  • Operating Expense: $60,689
  • Fuel Expense: $0
  • Electric Expense: $7,552
  • Insurance Expense: $5,461
  • Maintenance Expense: $15,218
  • Professional Management Expense: $7,600
  • Other Expense: $11,161
  • Trash Expense: $1,575
  • Water Sewer Expense: $4,002
  • Supplies Expense: $2,331
  • Total Expenses: $60,689
Tax / Assessment Info
  • Tax Year: 2021
  • Tax Annual Amount: $2,690
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
Exterior Features
  • Construction Materials: Frame, Wood Siding
  • Exterior Construction: Frame, Wood Siding
  • Exterior: Wood
  • Roof: Composition
  • Fence: Yes
  • Fence: Wood
  • Fencing: Average Condition, Wood
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre, Back Yard, Corner Lot, Walkstreet
  • Number Of Units: 19
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: On street
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Street
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)
Unit Information
Unit 1
  • Unit Type Units Total: 19
  • Unit Type Beds Total: 19
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $166,210
  • Unit Type Total Rent: $166,210
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
  • Unit Type Description: all studios
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1703 Santa Barbara Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1703 Santa Barbara Avenue

Taxable ValueLand$76,171Additions$122,988Total$199,159
Tax Record2023$21,684 ($1,807 / month)
Home Facts
Total Finished SqFt4,316 SqFtAbove Grade Finished SqFt4,316 SqFtLot Size6,029 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningR3CountySAN LUIS OBISPOAPN003-552-006

Schools near 1703 Santa Barbara 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
Hawthorne 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wilson & Co. Real Estate, Linda Wilson, DRE #01045160; Wilson & Co. Real Estate, Bradley Wilson, DRE #01983603

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.