1033 Southwood, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 2 bath
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1033 Southwood
San Luis Obispo, California 93401
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
966Sq Ft
966Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$560,000
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $560,000—positioned well below the $583,911 Fair Market Value by 4%. This valuation gap offers $23,911 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit includes a modernized kitchen with stone counters and new appliances. Residents enjoy a salt water pool, private deck, and loft area. Located in the San Luis Coastal Unified district, this property is ideal for first-time buyers or owner-occupants seeking a move-in ready lifestyle.
Estimated Market Value
$560,000
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1033 Southwood Subject | $550,000* List Price | 2 | 2 | 966 | $580 | - |
A 1043 Southwood Drive F Sold | $545,000 | 2 | 1 | 892 | $611 | 0.0 mi |
B 1021 Southwood E Sold | $525,000 | 2 | 1 | 892 | $589 | 0.0 mi |
C 2975 Rockview Place 13 Sold | $519,000 | 2 | 1 | 907 | $572 | 0.6 mi |
D 1151 Laurel Sold | $575,000 | 2 | 1 | 900 | $639 | 0.2 mi |
E 1043 Ella Street 11 Active Under Contract | $680,000 List Price | 2 | 2 | 1,088 | $625 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1987, the property has been recently updated with stone countertops, new appliances, and new flooring. These improvements suggest a renovation within the last 5 years, making it move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior
The unit features a recently updated kitchen with premium stone countertops, new appliances, and fresh flooring, offering a move-in-ready experience for buyers.
- Premium Unit Positioning
As a top-floor unit, the property offers enhanced privacy and quiet, complemented by a versatile loft area that adds valuable square footage for a home office or guest space.
- Lifestyle Amenities
Residents benefit from desirable community features including a salt water pool and recreation room, all while being minutes away from local dining, coffee shops, and trails.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At 966 square feet for a two-bedroom plus loft configuration, the interior layout may feel somewhat constrained compared to larger residential options.
- Building Vintage
Built in 1987, the complex may lack the modern energy-efficient construction standards found in newer developments, potentially leading to higher utility or maintenance considerations.
About 1033 Southwood
Top Floor! Pool Views!! Updated 2 bedroom 2 bath condo with great loft area and indoor stacked washer and dryer! Beautiful stone counters in the kitchen with new appliances and flooring! Sliding glass doors lead to deck area to enjoy your morning coffee or evening sunset! Salt water pool and recreation room, minutes to coffee shops, restaurants, walking/biking trails etc.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 966 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $360.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 966 | 1,160.348 |
| Lot Size | 966 | 1,245.13 |
| Price | $550.0K | $768.4K |
| Price per sq ft | $569 | $591 |
| Built year | 1987 | 1991 |
| HOA | $360.0 | $417 |
| Days on market | 41 | 64 |
Pricing History
Listed for Sale
Sep 3, 2026
$550,000
$560,000
-2% Price Drop
Initial Listing
Price Change
Jul 30, 2026
$560,000
Initial Listing
Sold
Aug 1, 2022
$500,000
Public Record
Sold
Jul 13, 2007
$317,000
Public Record