1043 Ella Street 11, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 2 bath
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1043 Ella Street 11
San Luis Obispo, California 93401
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
2Baths
1,088Sq Ft
512Lot Size
Property Price
LIST PRICE$680,000
EST. MARKET VALUE
$665,599
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $680,000—positioned well below the $665,599 Fair Market Value by -2%. Featuring a recently remodeled kitchen with quartz countertops and luxury vinyl plank flooring, the property maintains an Excellent Condition Rating. Residents enjoy a prime location near downtown SLO with direct access to Terrace Hill trails and community BBQ amenities. This move-in ready residence is an ideal fit for first-time buyers or owner-occupants seeking a low-maintenance lifestyle in a highly desirable coastal community.
Estimated Market Value
$665,599
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 |
|---|---|---|---|---|---|---|
★ 1043 Ella Street 11 Subject | $680,000* List Price | 2 | 2 | 1,088 | $612 | - |
A 570 Peach 28 Sold | $550,000 | 2 | 2 | 918 | $599 | 0.9 mi |
B 265 Bridge 104 Sold | $750,000 | 2 | 3 | 1,134 | $661 | 0.7 mi |
C 570 Peach 13 Sold | $565,000 | 2 | 2 | 918 | $615 | 0.9 mi |
D 680 Chorro Street 5 Sold | $499,000 | 2 | 1 | 878 | $568 | 0.9 mi |
E 265 Bridge Street 105 Sold | $825,000 | 2 | 3 | 1,319 | $625 | 0.9 mi |
F 2475 Victoria Sold | $650,000 | 1 | 1 | 1,053 | $617 | 0.7 mi |
G 1043 Southwood Drive F Sold | $545,000 | 2 | 1 | 892 | $611 | 0.8 mi |
H 1415 Morro Street 9 Pending | $849,000 List Price | 2 | 2 | 1,199 | $708 | 0.5 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.
The property features a recently remodeled kitchen with quartz countertops and stainless steel appliances, new luxury vinyl plank (LVP) flooring, and updated bathrooms. Despite the 1970 build date, the interior is in mint, move-in ready condition with modern finishes and an electric fireplace, meeting the criteria for a recent high-quality renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Ideally situated near the Jennifer Street Bridge with effortless access to Railroad Square and downtown SLO, plus direct trail access to Terrace Hill for hiking and sunset views.
- Modernized Interior
The unit features a recently remodeled kitchen with quartz countertops and stainless steel appliances, complemented by luxury vinyl plank flooring and an electric fireplace.
- Competitive HOA & Amenities
A reasonable $300 monthly HOA fee covers essential services and exterior maintenance while providing community BBQ areas and two assigned parking spaces.
CONSRISKS & DEFICIENCIES
- Older Construction
Built in 1970, the property may have aging infrastructure or systems common to older developments that were not addressed in the recent cosmetic interior updates.
- Limited Bathroom Layout
The 1.5-bath configuration may be less desirable for roommates or families compared to modern two-bedroom units that typically offer two full bathrooms.
About 1043 Ella Street 11
Prime location in San Luis Obispo! This beautifully maintained 2Bed, 1.5Bath condo in the Terrace Commons Community is the perfect blend of comfort, convenience, and charm. Ideally situated near the Jennifer Street Bridge, enjoy effortless access to Railroad Square & downtown SLO. A light filled living room with electric fireplace and luxury vinyl plank (LVP) flooring greets you upon entering the front door, while the recently remodeled kitchen features contemporary cabinets, stainless steel appliances, tile flooring and quartz countertops. A half bath, stacked washer & dryer closet, under-stair storage and back patio are also on the ground level. Two nicely sized bedrooms (one with a cozy balcony) in addition to a full bath are located upstairs. The condo comes with two assigned parking spaces and a 4’4” x 6’7” storage closet. Enjoy direct access to Terrace Hill for dog walking, hiking and gorgeous sunset views. Terrace Commons offers various entertaining spaces with tables, umbrellas and BBQs while taking in views of Cerro San Luis and the surrounding hills. Very reasonable HOA dues of $300/mo cover exterior maintenance, landscaping, trash and HOA management. Don’t miss out on this exceptional property—schedule a showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 512 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $300.0 / 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 | 1,088 | 1,160.348 |
| Lot Size | 512 | 1,245.13 |
| Price | $680.0K | $768.4K |
| Price per sq ft | $625 | $591 |
| Built year | 1970 | 1991 |
| HOA | $300.0 | $417 |
| Days on market | 42 | 64 |
Pricing History
Listed for Sale
Jul 29, 2026
$680,000
Initial Listing
Sold
Jun 15, 2012
$301,500
Public Record
Sold
Jun 25, 2009
$286,000
Public Record