
San Luis Obispo, California 93405
This Turnkey Condominium represents a Strong Value Opportunity, listed at $565,000—positioned well below the $608,315 Fair Market Value by 7%. This valuation gap provides $43,315 in Instant Equity for the buyer. Featuring a Comprehensive Recent Remodel and an Excellent Condition Rating, the home includes modern vinyl plank flooring, updated cabinetry, and Milgard windows. Located near Laguna Lake and Cal Poly, this property is an ideal choice for Owner-Occupants seeking a move-in ready lifestyle or first-time buyers prioritizing location and quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11295 Los Osos Valley 23 Subject | $565,000* List Price | 2 | 2 | 1,125 | $541 | - |
A 11295 Los Osos Valley Rd Sold | $575,000 | 2 | 2 | 1,130 | $509 | 0.0 mi |
B 1750 Prefumo Canyon 22 Sold | $530,000 | 2 | 2 | 1,001 | $529 | 0.4 mi |
C 1750 Prefumo Canyon 48 Sold | $510,000 | 2 | 1 | 860 | $593 | 0.4 mi |
D 1445 Prefumo Canyon 20 Active | $649,900 List Price | 2 | 2 | 1,265 | $514 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a comprehensive recent remodel including newer vinyl plank flooring, updated kitchen cabinetry, and recent appliances. Key systems and structural elements have been modernized with Milgard dual-pane windows, LED lighting, and newer electric heaters, while the HOA recently replaced the roof and painted the exterior, ensuring a move-in ready condition with no immediate maintenance required.
The property features significant recent upgrades including Milgard dual-pane windows, vinyl plank flooring, LED lighting, and a remodeled kitchen, offering a turnkey experience for buyers.
Beyond the open-concept main level, the deep one-car attached garage provides valuable bonus space suitable for a home office, gym, or additional storage.
Situated near the Laguna Lake golf course and hiking trails, the community offers excellent amenities and is conveniently close to Downtown San Luis Obispo and Cal Poly.
The monthly HOA fee of $618 is substantial, which may deter budget-conscious buyers or impact overall monthly affordability.
The home relies on individual electric heaters and lacks a central cooling system, which may be a drawback during warmer seasonal peaks.
Beautifully remodeled condo within the Cedarwood community, located near hiking trails, commercial services and schools. This light-filled 2 bedroom, 1.5 bath home offers +/-1,125 square feet of updated living space. The home features an open floor plan with good line of sight from the kitchen toward the dining and living area. The kitchen includes newer cabinetry, breakfast bar seating, formica counters, recent appliances and a large pantry. Newer vinyl plank flooring is throughout the main living level with a balcony accessed from a sliding glass door off the living room. There is also a powder room, coat closet and additional storage closet on the main level. Upstairs are two nicely sized bedrooms (one with a walk-in closet) and full bath featuring a deep bathtub, glass enclosure, and newer vanity. A deep 1-car attached garage provides additional bonus space for storage, a home office or workout area. Other recent updates include LED lighting throughout, Milgard dual pane windows, electric heaters in each room and newer garage door. Community amenities include a clubhouse, picnic areas, and well maintained grounds, all adjacent to the Laguna Lake golf course. The HOA recently painted the exterior and replaced roofing and the condo comes with an additional assigned parking space. Conveniently located near Downtown San Luis Obispo, Cal Poly, and SLO County wineries and beaches, this move-in ready condo is a great opportunity to enjoy the Central Coast.
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 | 1,125 | 1,179 | 33% |
| Lot Size | 1,125 | 1,179 | 33% |
| Price | $565.0K | $647.0K | 33% |
| Price per sq ft | $502 | $551 | 17% |
| Built year | 1980 | 1986 | 42% |
| HOA | $618.0 | $388 | 83% |
| Days on market | 33 | 132 | 8% |
May 12, 2026
$565,000
Initial Listing
Jun 15, 2006
$372,500
Public Record
May 20, 2003
$275,000
Public Record
Nov 1, 1996
$103,000
Public Record