607 Grand Ave, San Luis Obispo, CA, 93401
About This Home
607 Grand Avenue is a 20-unit student housing community accessed directly from Grand Ave and located just 0.4 miles from the Cal Poly campus, offering exceptional proximity that is easily reachable by car, bike, or on foot. The property is comprised entirely of townhome-style units with almost identical floorplans across the community. Each unit features a 2/1 layout with an average of approximately 3-4 students per unit, optimizing roommate configurations while maintaining functional living layouts. The community is anchored by an outdoor amenity area featuring a basketball court, grills, and shared community space. The adjacent vacant space currently used for storage, backing the laundry room, presents compelling ADU potential, with the likely capability to convert into a studio.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1966
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
Interior Area
- Total interior livable area: 22,178 sqft
Property
Details
- Parcel number: 001065006
- Zoning: R-3
Lot
- Features: Near Public Transit
Parking
- Total spaces: 42
- Parking features: Open
- Has uncovered spaces: Yes
- Uncovered spaces: 42
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Luis Obispo County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $54,357 | $652,284 |
| Home Insurance * | $1,406 | $16,872 |
| Property Taxes | $5,733 | $68,796 |
| Electricity | $4,755 | $57,069 |
| Total | $66,251 | $795,012 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-22 | Listed for sale | $10,750,000 |
| 2023-06-15 | Listing removed | -- |
| 2023-06-05 | Listed for rent | $2,750 |
| 2020-09-29 | Listing removed | $1,850 |
| 2020-07-07 | Price change | $1,850 |
| 2020-06-04 | Price change | $1,700 |
| 2020-03-10 | Listed for rent | $2,375 |
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