555 Westmont Ave. San Luis Obispo, CA 93446

555 Westmont Apartments is a 49-unit community comprised of six residential buildings arranged around two enclosed courtyards, creating a private, campus-oriented living environment. The property is located just off the highway, offering a direct and convenient approach to Cal Poly via Highland Drive and strong connectivity to downtown San Luis Obispo. Proximity to both Cal Poly and Cuesta College further broadens the tenant base and supports consistent student demand.

The unit mix is well suited for student households, consisting of 26 one-bedroom/one-bath units, 18 two-bedroom/one-bath units, and 5 three-bedroom/two-bath units. The community provides ample on-site parking, including uncovered and tuck-under spaces, with potential upside through a future ADU conversion within the existing carport areas (buyer to verify). Interior renovations present a clear value-add opportunity, allowing a new owner to modernize finishes, increase rents, and enhance long-term cash flow.

ALSO AVAILABLE FOR PURCHASE AS A 3-PROPERTY PORTFOLIO. ALL PROPERTIES UNDER SAME OWNERSHIP: COLLEGE GARDEN APARTMENTS & 607 GRAND APARTMENTS.