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655 Monterey St - Monterey Place 36 Unit Apartment Building Offered at $10,465,917 CAD San Luis Obispo, CA 93401

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INVESTMENT HIGHLIGHTS

  • Downtown San Luis Obispo
  • 240 ft. of creek frontage

EXECUTIVE SUMMARY

Monterey Place is an exclusive shovel ready mixed-use infill development on one of the last remaining raw land parcels in downtown San Luis Obispo. Fronting San Luis Obispo Creek and its scenic boardwalk, the project offers a vibrant urban setting with an inviting outdoor atmosphere. Located just steps from shops, restaurants, entertainment, Mission San Luis Obispo, the city plaza, and the renowned Thursday Farmers Market, the site is surrounded by the city’s most desirable amenities. Across the street, a new Performing Arts Center and parking structure are underway, further enhancing the area.
The development features retail space along Monterey Street, a creekside restaurant with open-air dining, an open-air plaza, secure underground parking, boutique hotel rooms, and elegant creekside residences. Upper floors include for-sale one- to three-bedroom condos designed for modern urban living. Close to beaches, Central Coast wine country, Cal Poly, and nearby open space, Monterey Place offers a rare opportunity to experience a complete downtown lifestyle in a highly walkable, premier location.

PROPERTY FACTS

Price $10,465,917 CAD
Price Per Unit $290,720 CAD
Sale Type Investment
No. Units 36
Property Type
Multifamily
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Lot Size 0.43 AC
Construction Status Proposed
Building Size 77,566 SF
No. Stories 4
Zoning CD-S-H - Downtown Commercial
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
002-421-036
Land Assessment
$4,008,133 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,008,133 CAD
  • Listing ID: 39032254

  • Date on Market: 2026-01-09

  • Last Updated:

  • Address: 655 Monterey St, San Luis Obispo, CA 93401

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