CnC Realty
1 / 5

$6,930,000

655 Monterey Street

San Luis Obispo, CA 93401

Active

San Luis Obispo

County

Land

Property Type

About this home

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.

Listed by Steve Davis · DRE #01843738 · McCarty Davis, Inc.
MLS #1150712528
ListedDec 1, 2025

Property Details

Architecture

StoriesN/A
StyleN/A
Total UnitsN/A
RoofN/A
Garage SpacesN/A
PoolN/A
SpaN/A

Features & Amenities

Interior FeaturesN/A
Exterior FeaturesN/A
FlooringN/A
CoolingN/A
HeatingN/A
FireplaceN/A
LaundryN/A
Parking FeaturesN/A
Parking TotalN/A
Patio & PorchN/A
Entry LevelN/A
Entry LocationN/A
Common WallsN/A

Property Features

Lot Size0.60 ac
Lot FeaturesZero To One Unit Acre
ViewHills
DirectionsOne lot in from the corner of Monterey St. and Nipomo St.

Community

AreaSLO - San Luis Obispo
School DistrictN/A

Tax & Financial

TermsCash, Cash To New Loan, Conventional, Exchange1031
Land LeaseNo
HOA NameN/A
HOA FeeN/A

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Mortgage Estimate

$36,884/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 9:30 PM

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