
San Luis Obispo, California 93405
This Move-In Ready Condo is a Strong Value Opportunity, listed at $565,000—positioned well below the $600,913 Fair Market Value by 5%. This valuation gap offers $35,913 in Instant Equity for the buyer. Featuring a modernized kitchen with granite countertops and a versatile lower-level bonus room, the property maintains a Condition Rating of 3. Located in the San Luis Coastal Unified district, this home is an ideal fit for first-time buyers or owner-occupants seeking a low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11295 Los Osos Valley 5 Subject 2 bd · 2 ba · 1,125 sqft · $534 | $565,000* List Price | 2 | 2 | 1,125 | $534 | - |
A 11295 Los Osos Valley 23 Sold 2 bd · 2 ba · 1,125 sqft · $502 · 0.0 mi | $565,000 | 2 | 2 | 1,125 | $502 | 0.0 mi |
B 1750 Prefumo Canyon 58 Sold 2 bd · 2 ba · 1,001 sqft · $541 · 0.4 mi | $542,000 | 2 | 2 | 1,001 | $541 | 0.4 mi |
C 945 Madonna 103 Sold 3 bd · 2 ba · 1,071 sqft · $644 · 0.7 mi | $690,000 | 3 | 2 | 1,071 | $644 | 0.7 mi |
D 925 Madonna Road 101 Sold 2 bd · 2 ba · 949 sqft · $643 · 0.7 mi | $610,000 | 2 | 2 | 949 | $643 | 0.7 mi |
E 1106 Oceanaire 1 Active 2 bd · 2 ba · 1,330 sqft · $488 · 0.1 mi | $649,000 List Price | 2 | 2 | 1,330 | $488 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready with significant recent updates including a new roof (2025), fresh exterior paint (2026), and a modernized kitchen with granite countertops and LVP flooring. While the living areas and half-bath are updated, the full bathroom remains dated with older tile and fixtures, and the 1980 build date precludes an 'Excellent' rating.
The condo features high-quality updates including a remodeled kitchen with granite countertops, luxury vinyl plank flooring, and recessed LED lighting, making it move-in ready.
A unique lower-level bonus room provides versatile space for a home office, gym, or hobby room, adding functional square footage beyond the standard bedrooms.
The community has undergone significant recent upgrades, including a new roof in 2025 and fresh exterior paint in 2026, ensuring lower immediate maintenance concerns.
The monthly association fee of $618 is relatively high, which may affect the overall affordability and debt-to-income ratio for some buyers.
With only a single-car garage that also houses the laundry and bonus room, parking and storage for multiple vehicles may be a challenge.
Welcome to Cedarwood, a well-maintained condo community in a desirable San Luis Obispo location. Conveniently situated near parks, Laguna Lake Golf Course, hiking trails, shopping, commercial services, and schools, this beautifully updated, move-in-ready condo offers comfort, convenience, and an appealing lifestyle. Condo #5 features 2 bedrooms and 1.5 bathrooms, with modern updates throughout. The stylish kitchen boasts soft-close cabinetry, granite countertops, modern appliances, and a stainless-steel sink. Tasteful luxury vinyl plank flooring and recessed LED lighting enhance the home’s clean, contemporary feel. The main living level offers a convenient half bath and dining area just off the kitchen, flowing seamlessly into the living room. A sliding glass door opens to a private balcony, creating a welcoming space to relax and enjoy the outdoors. Upstairs, you’ll find two bedrooms and a full bathroom. The spacious primary suite features a walk-in closet, providing excellent storage and functionality. Additional living space awaits on the lower level, where the single-car garage includes laundry and a versatile bonus room—ideal for a home office, workout room, hobby space, or private retreat. Recent community improvements add even more value, including a new roof installed in 2025 and fresh exterior paint completed in 2026. With its modern updates, flexible living space, and convenient location, Cedarwood and condo #5 offers a wonderful opportunity to enjoy comfortable, low-maintenance living in a great location. Move in and make yourself at home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,125 | 1,139.484 |
| Lot Size | 1,125 | 1,191.161 |
| Price | $565.0K | $758.3K |
| Price per sq ft | $502 | $592 |
| Built year | 1980 | 1988 |
| HOA | $618.0 | $397 |
| Days on market | 2 | 62 |
Oct 22, 2026
$565,000
Initial Listing
Jun 8, 2022
$555,000
Public Record
Mar 27, 2015
$306,000
Public Record
Aug 4, 2003
$288,000
Public Record