1075 Ella Street 3, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 1 bed, 1 bath

1075 Ella Street 3
San Luis Obispo, California 93401
Property Price
SUMMARY
Analysis of 1075 Ella Street 3, San Luis Obispo, California 93401 is currently available with a list price of $415,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Luis Obispo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2007, this property fits the criteria for a good rating as it is between 10 and 20 years old and remains move-in ready. The kitchen is well-appointed with high-end features including cherry cabinetry, granite countertops, and a premium Viking refrigerator, indicating the home has been well-maintained with quality finishes and no immediate need for renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Kitchen & Views
The home features a high-end kitchen with cherry cabinetry, granite counters, and a Viking refrigerator, opening to a large covered terrace with stunning panoramic views of the city and surrounding hills.
- Prime Location & Accessibility
Situated near the Jennifer Street Bridge and San Luis Obispo Rail Trail, the property offers exceptional bike and pedestrian access to downtown and immediate proximity to Terrace Hill hiking trails.
- Modern Dual-Level Layout
Built in 2007, this well-designed condo offers a unique floor plan with private outdoor spaces on both levels, including a fenced patio off the bedroom and a designated storage closet.
CONSRISKS & DEFICIENCIES
- Program Eligibility & Restrictions
Being part of the City’s Moderate Income Housing Program may involve specific buyer income qualifications and resale price restrictions that could limit future investment appreciation.
- High Monthly HOA Fees
The $480 monthly association fee is relatively high for a one-bedroom unit, which may impact the overall monthly affordability for the target moderate-income demographic.
About 1075 Ella Street 3
1075 Ella Street is part of the City of San Luis Obispo’s Moderate Income Housing Program. Applicants DO NOT need to live in SLO County or work in the city of SLO, anyone can apply! Located in the desirable Terrace Vista community, this beautifully designed home offers a unique layout with entry on the first floor. The living room, bedroom, bathroom, and laundry closet are all conveniently located downstairs, while the upper level features a bright, open kitchen and dining area with cherry cabinetry, granite counters, and stainless steel appliances, including a Viking refrigerator. Just off the dining area is a large, covered terrace, perfect for soaking in the gorgeous panoramic views of the city and surrounding peaks and hills. Additional outdoor space includes a separate fenced patio off the bedroom. The home includes one designated parking space and a storage closet adjacent to the entrance. Enjoy proximity to the Jennifer Street Bridge, which connects to the San Luis Obispo Rail Trail for easy bike and pedestrian access to downtown. Nestled beside Terrace Hill, the neighborhood offers scenic beauty and access to the Terrace Loop Trail and a shared community patio.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 495 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $480.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 21% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 835 | 1,079.5 | 15% |
| Lot Size | 495 | 1,023.5 | 18% |
| Price | $415.0K | $672.5K | 3% |
| Price per sq ft | $497 | $557 | 21% |
| Built year | 2007 | 1993 | 53% |
| HOA | $480.0 | $350 | 85% |
| Days on market | 207 | 172 | 71% |
Pricing History
Listed for Sale
Feb 26, 2026
$415,000
Initial Listing
Price Change
Aug 12, 2025
$421,925
Initial Listing
Sold
May 12, 2017
$259,000
Public Record
Sold
Jan 7, 2014
$252,000
Public Record
Sold
Jul 18, 2008
$216,000
Public Record




















