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Key Details
Sold Price $1,922,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID SC22096554
Sold Date 08/26/22
HOA Y/N No
Year Built 1885
Annual Tax Amount $2,690
Tax Year 2021
Lot Size 6,033 Sqft
Property 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, 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.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Laundry None
Exterior
Garage On Street
Fence Average Condition, Wood
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Available
Roof Type Composition
Parking Type On Street
Private Pool No
Building
Lot Description 16-20 Units/Acre, Back Yard, Corner Lot, Walkstreet
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 003552006
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Lindsey Harn • Richardson Properties