www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33949295
33949269

646 Perkins Lane, San Luis Obispo, CA 93401

GU
CA 01873454
California Coastal Real Estate
Listed by California Coastal Real Estate
$1,049,000
3 days on market
Updated 2 days ago

646 Perkins Lane

Details
Property Type Multifamily
Square Footage 2,312
Units 2
NOI $64,488
Occupancy 50%
Tenancy Multi
Lease Type Gross
Year Built 1977
Year Renovated 2019
Lot Size (SqFt) 5,227
Zoning R-2
Parking Spaces 2 per unit
Ground Lease No

Turnkey Duplex centrally located in San Luis Obispo

Marketing description

Attractive investment, house-hack or multi-generational living opportunity conveniently located in San Luis Obispo. This updated duplex offers (2) 2Bed, 1.5Bath units a short distance to restaurants, coffee shops, hiking trails and recreational activities. Renovated ~7 years ago, each unit features a desirable floorplan with living room, dining, kitchen and half bath on the ground level, with two large bedrooms plus a full bath upstairs. Both units have their own fenced backyard to relax or entertain. Recent upgrades include vinyl plank flooring throughout, dual pane windows, washer/dryer combo in each unit, plus under stair storage. The kitchens feature newer cabinets and counters, stainless steel appliances and a pass-through to the dining area offering clean light lines. Great location near downtown SLO, Cal Poly, and Central Coast wineries and beaches! Property is separately metered for electrical and gas with 1 water meter and 4 parking spaces. Currently leased for $2,550/mo and $2,824/mo with one tenant vacating end of June 2026.

Investment highlights

Attractive investment, house-hack or multi-generational living opportunity conveniently located in San Luis Obispo. This updated duplex offers (2) 2Bed, 1.5Bath units a short distance to restaurants, coffee shops, hiking trails and recreational activities. Renovated ~7 years ago, each unit features a desirable floorplan with living room, dining, kitchen and half bath on the ground level, with two large bedrooms plus a full bath upstairs. Both units have their own fenced backyard to relax or entertain. Recent upgrades include vinyl plank flooring throughout, dual pane windows, washer/dryer combo in each unit, plus under stair storage. The kitchens feature newer cabinets and counters, stainless steel appliances and a pass-through to the dining area offering clean light lines. Great location near downtown SLO, Cal Poly, and Central Coast wineries and beaches! Property is separately metered for electrical and gas with 1 water meter and 4 parking spaces. Currently leased for $2,550/mo and $2,824/mo with one tenant vacating end of June 2026.

Listing Contacts

GU
CA 01873454
California Coastal Real Estate
Listed by California Coastal Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,488.00
$5,374.00/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

Map

Zoning

Intelligence Badge
R-2-S OverlayMedium Density Residential Special Considerations Overlay
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 120 uses
View all 120 uses
Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Graham Updegrove
License
01873454
Brokerage
California Coastal Real Estate
Brokerage Phone
805-459-1865
Title
Broker of Record
Brokerage Address
3220 S. Higuera Street #233, San Luis Obispo, CA 93401
Name
Graham Updegrove
License
01873454
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591