
San Luis Obispo, California 93401
This Turnkey Condominium is a Strong Value Opportunity, listed at $555,000—positioned well below the $562,243 Fair Market Value by 1.29%. This valuation gap offers $7,243 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes updated laminate flooring and stone countertops. With a Single-Level Layout, Saltwater Pool, and Park/Greenbelt Views, it offers a low-maintenance lifestyle near Cal Poly. This is an ideal acquisition for first-time buyers or investors seeking a stable, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1043 Southwood K Subject | $555,000* List Price | 2 | 2 | 966 | $582 | - |
A 1021 Southwood E Sold | $525,000 | 2 | 1 | 892 | $589 | 0.0 mi |
B 1035 Southwood Drive Sold | $560,000 | 2 | 2 | 966 | $580 | 0.0 mi |
C 1025 Southwood Sold | $495,000 | 2 | 2 | 966 | $512 | 0.1 mi |
D 3802 Ranch House Road 303 Sold | $590,000 | 2 | 2 | 1,030 | $573 | 0.6 mi |
E 1043 Southwood Drive F Active Under Contract | $555,000 List Price | 2 | 1 | 892 | $622 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1987, the property has been well-maintained with clear evidence of mid-life renovations (approx. 5-15 years ago) including updated laminate flooring and stone countertops in the kitchen and bathrooms. It is move-in ready and functional, meeting the criteria for a well-maintained property of its age.
The ground-floor, no-stairs layout offers exceptional accessibility and convenience, making it an ideal choice for retirees or those seeking a low-maintenance lifestyle.
Situated near Cal Poly, downtown San Luis Obispo, and the Sinsheimer Sports Complex, the property boasts high desirability for students, professionals, and investors alike.
Residents benefit from premium HOA amenities, including a newly refurbished saltwater pool and clubhouse, providing a resort-like feel within a professionally managed complex.
With under 1,000 square feet of living area, the interior may feel restrictive for families or those requiring significant storage and home office space.
As a ground-floor unit in a multi-story complex, the property is susceptible to noise transfer from upper-level neighbors, which may impact overall privacy and tranquility.
Single-Level Ground Floor Gem in Parkwood Village! Welcome home to Parkwood Village! Discover comfortable, low-maintenance Central Coast living in this beautifully maintained 2-bedroom, 2-bathroom, ground-floor condo located in the heart of San Luis Obispo. Offering true single-level accessibility with absolutely no stairs to navigate, this bright and inviting home features an open-concept floor plan designed to maximize space, comfort, and natural light. Enjoy the complete convenience of a true ground-floor layout with effortless transitions from room to room. Cozy up by the living room fireplace or step straight out onto your private patio to enjoy serene community views and fresh coastal breezes. Includes two assigned off-street parking spaces, plus ample guest parking for your visitors and dedicated storage space. Nestled within a beautifully landscaped and professionally managed complex, you will have exclusive access to: A newly refurbished, heated saltwater pool, and a welcoming community clubhouse. Meticulously maintained green spaces and tranquil grounds. Conveniently located just minutes from downtown SLO and Cal Poly, you are perfectly positioned for work, study, and play. Enjoy effortless access to the nearby Sinsheimer Sports Complex, the YMCA, local hiking trails, world-class wineries, and pristine Central Coast beaches. Whether you are looking for a primary residence, a convenient home base for a student, or a turnkey investment property, Unit K offers an unbeatable combination of single-level layout, premier location, and lifestyle value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 966 | 1,163 | 34% |
| Lot Size | 966 | 966 | 50% |
| Price | $555.0K | $764.5K | 16% |
| Price per sq ft | $575 | $584 | 47% |
| Built year | 1987 | 2016 | 34% |
| HOA | $345.0 | $376 | 34% |
| Days on market | 13 | 153 | 5% |
May 31, 2026
$555,000
Initial Listing
Jun 24, 2015
$323,500
Public Record