
San Luis Obispo, California 93401
This Turnkey Condominium represents a Strong Value Opportunity, listed at $480,000—positioned well below the $532,248 Fair Market Value by 9%. This valuation gap provides $52,248 in Instant Equity. Featuring a Condition Rating of 2, the unit boasts a remodeled granite kitchen, exposed brick accents, and a private pergola-covered deck. Located in the San Luis Coastal Unified district near Cal Poly, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1115 Laurel Lane 63 Subject | $480,000* List Price | 2 | 1 | 900 | $591 | - |
A 1151 Laurel Sold | $575,000 | 2 | 1 | 900 | $639 | 0.1 mi |
B 1043 Southwood Drive F Sold | $545,000 | 2 | 1 | 892 | $611 | 0.2 mi |
C 2975 Rockview Place 13 Sold | $519,000 | 2 | 1 | 907 | $572 | 0.6 mi |
D 1021 Southwood E Sold | $525,000 | 2 | 1 | 892 | $589 | 0.2 mi |
E 1163 Laurel Lane 39 Active | $525,000 List Price | 2 | 1 | 900 | $583 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1963, the unit has undergone a comprehensive recent renovation within the last 5 years. It features a fully remodeled kitchen with modern shaker cabinetry, granite countertops, and stainless steel appliances, along with updated bathrooms, new tile and carpet flooring, and a well-maintained private outdoor space.
The condo features a fully remodeled kitchen with granite countertops and stainless steel appliances, complemented by stylish updates like an exposed brick accent wall and an electric fireplace.
A rare find for a condominium, this unit includes a private, fully fenced backyard with a pergola-covered deck and paver patio, offering significant additional living space.
Situated minutes from Cal Poly and downtown San Luis Obispo, the property offers high walkability to local parks, coffee shops, and restaurants, making it an ideal investment or primary residence.
With only one bathroom serving two bedrooms, the layout may be less convenient for roommates or small families compared to more modern multi-bath configurations.
At 900 square feet and originally built in 1963, the property offers a smaller footprint that may feel restrictive for buyers requiring more storage or expansive living areas.
This beautifully updated 2-bedroom, 1-bath condo sits in a tree-lined San Luis Obispo community just minutes from downtown, Cal Poly, and Highway 101. Mature landscaping, drought-tolerant plantings, and a shaded eucalyptus canopy set the tone before you even step through the front door. Inside, durable tile flooring flows through the light-filled living area, anchored by a striking exposed brick accent wall and an electric fireplace, a cozy focal point for cooler Central Coast evenings. The fully remodeled kitchen is a standout, featuring crisp white and soft gray shaker cabinetry, granite countertops, a tile backsplash, and a full stainless steel appliance suite including refrigerator, dishwasher, range, and microwave. A built-in washer/dryer adds everyday convenience without sacrificing counter space. Upstairs, the spacious primary bedroom impresses with rustic sliding barn doors leading to a generous closet, soft blue walls, and plush carpet underfoot. The updated bathroom offers a tile-surround tub/shower combo and a stylish vanity with granite counters and brushed nickel fixtures, plus a second, similarly refreshed powder area with modern lighting and cabinetry. Step outside to your own private, fully fenced backyard retreat, a shaded pergola-covered deck perfect for morning coffee, plus a paver patio, storage shed, and low-maintenance landscaping beyond. It's a rare outdoor space for a condo, ideal for entertaining or simply unwinding. This unit has 2 off street parking stalls accessible from the backyard. Low-maintenance living, thoughtful updates throughout, and an unbeatable SLO location close to Sinsheimer park and elementary, the Y, SLO Swim Center, and walking distance to local coffee shops and restaurants. This one checks all the boxes. Don't miss it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.2 |
| Square foot | 900 | 1,160.348 |
| Lot Size | 900 | 1,245.13 |
| Price | $480.0K | $768.4K |
| Price per sq ft | $533 | $591 |
| Built year | 1963 | 1991 |
| HOA | $330.0 | $417 |
| Days on market | 6 | 64 |
Sep 3, 2026
$480,000
Initial Listing
Sep 7, 2021
$420,000
Public Record
Feb 5, 2019
$300,000
Public Record