
San Luis Obispo, California 93405
This Single Family Residence represents a Strong Value Opportunity, listed at $896,000—positioned well above the $857,969 Fair Market Value by 4%. While priced slightly above market, the home features a Condition Rating of 4, offering a move-in ready interior with fresh paint and wood floors. Its versatile 4-bedroom floor plan and proximity to San Luis Coastal Unified schools provide significant appeal. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, well-located asset in the sought-after Laguna Lake neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1107 Atascadero Street Subject | $896,000* List Price | 4 | 2 | 1,380 | $622 | - |
A 1222 W Newport Street Sold | $970,000 | 4 | 2 | 1,397 | $694 | 0.2 mi |
B 1397 Cavalier Lane Sold | $925,000 | 4 | 2 | 1,635 | $566 | 0.4 mi |
C 1234 Laguna Lane Sold | $981,000 | 3 | 2 | 1,574 | $623 | 0.6 mi |
D 1760 Foreman Court Sold | $818,000 | 3 | 2 | 1,213 | $674 | 0.5 mi |
E 1236 Cayucos Drive Pending | $799,900 List Price | 3 | 1 | 1,262 | $634 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the home features recent cosmetic improvements like fresh paint and wood flooring. However, the bathroom tile and pedestal sink indicate dated styling (>20 years), and the description suggests the home is a candidate for 'personalizing over time,' which aligns with the need for minor updates.
Situated in the desirable Laguna Lake neighborhood, the property offers exceptional proximity to top-rated schools, major retail hubs like Costco and Target, and outdoor recreation at Irish Hills Natural Reserve.
The single-level layout includes four bedrooms with two primary suite options, providing excellent flexibility for multigenerational living, rental roommates, or a dedicated home office setup.
The home features fresh interior paint, wood flooring, and newer kitchen appliances, offering an updated and inviting atmosphere that reduces immediate post-purchase renovation needs.
With four bedrooms packed into 1,380 square feet, individual room sizes and common living areas may feel constrained compared to more modern, spacious residential designs.
The backyard is characterized as a 'blank canvas,' implying a lack of established landscaping or hardscaping which will require additional capital investment to become fully functional.
Welcome to 1107 Atascadero Street, a single-level 4-bedroom, 2-bath home offering 1,380± square feet on a 6,001± square foot lot in one of San Luis Obispo's most convenient neighborhoods. Sidewalk-lined streets and easy walkability make this a spot you'll enjoy coming home to, whether you're a first-time buyer, looking to personalize a home over time, or an investor eyeing strong rental potential. Inside, fresh paint and wood floors run through the open-concept living and dining areas, with tile in the kitchen and bathrooms. Natural light fills the space, making it easy to live in day to day and just as easy to entertain in. The kitchen has newer appliances and an open layout that keeps you part of the action while you cook. The floor plan offers two primary bedroom options, one with a private en-suite bath, a setup that works well for multigenerational living, guests, roommates, or a home office. Two more bedrooms bring generous closet space and good natural light, with room to flex as bedrooms, offices, or hobby space, and laundry is conveniently located inside the home. Outside, a private, fully fenced backyard is a blank canvas and provide a wide open space for whatever you want to make of it: garden beds, a patio, a play area, or just a quiet retreat. A two-car garage and a generous driveway offer plenty of parking, a real plus in this neighborhood. The location puts you close to C.L. Smith Elementary, Laguna Middle School, and a short drive to Cal Poly. Costco, Target, Home Depot, grocery stores, and restaurants are minutes away, and outdoor lovers will appreciate the proximity to Laguna Lake Park, the Laguna Lake Dog Park, and the Irish Hills Natural Reserve for hiking and biking, with numerous beaches just minutes away as well. This is a chance to own in the sought-after Laguna Lake neighborhood, with room to make it your own. All information is deemed reliable, but not guaranteed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,380 | 1,846 |
| Lot Size | 6,100 | 5,168 |
| Price | $896.0K | $1.23M |
| Price per sq ft | $649 | $655 |
| Built year | 1961 | 1989 |
| HOA | $0 | $116 |
| Days on market | 7 | 48 |
Jul 15, 2026
$896,000
Initial Listing
Jul 11, 2000
$257,000
Public Record