6,477 sqft

$3,250,000

1304 Ella CD, San Luis Obispo CA, 93401

Price per sqft$501.78

Built in1986

Property size6,477 sqft

Property typeCommercial

Bought with Tyler Kropf with BAC Real Estate Group, Inc. and Listed by Derek Senn CA DRE# 01252131 with Anderson & Senn Commercial Real Estate 805-801-7352

Overview

Sold

Closed

Listed Nov 20, 2025

Updated Aug 25

1304 Ella Street Units C and D are comprised of a fully leased and improved surgery center of 6,144 SF (Unit C) as well as a 1/3 LLC interest in a 1,000 SF administrative office (Unit D). Both suites are leased to the San Luis Obispo Surgery Center, a subsidiary of Sutter Heath. Both leases expire on August 31, 2030. The Surgery Center has been a long-term stable tenant, as both leases commenced on September 1, 2015. The Suite C lease expires on August 31, 2030 and the current net income for the 6,144 SF suite is $18,619.66 per month NNN. There are 2% annual increases on September 1st of each year. The Suite D lease expires on August 31, 2030 and the current net income for Suite C’s ownership interest is $792.98 NNN. There are 2.5% annual increases on September 1st of each year. Based upon the current annual net income of $232,952 the cap rate at the asking price of $3,515,000 is 6.6%. 1304 Ella Street is located directly adjacent to the French Hospital Medical Center, San Luis Obispo County’s preeminent hospital.

Additional information

MLS^® ID: SC25263904

Interior Features

Basement: No

Exterior Features

Lot Size: 0.42 Acres

Bought with Tyler Kropf with BAC Real Estate Group, Inc. and Listed by Derek Senn CA DRE# 01252131 with Anderson & Senn Commercial Real Estate 805-801-7352

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:56 AM UTC Last Checked: 1:56 AM UTC