1142 Nipomo, Los Osos, California 93402, Los Osos, 93402 - 4 bed, 1 bath
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Los Osos, California 93402
This Updated Coastal Residence is a Prime Investment Opportunity, listed at $799,000—positioned well below the $821,660 Fair Market Value by 2%. This valuation gap offers $22,660 in Instant Equity for buyers. The property maintains a Condition Rating of 3, featuring a new roof, new windows, and an updated kitchen. Situated on a 6,250 sqft corner lot with mountain views and ADU potential, it serves the San Luis Coastal Unified district. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1142 Nipomo Subject | $769,000* List Price | 4 | 1 | 1,248 | $632 | - |
A 1588 10th Street Sold | $797,720 | 3 | 2 | 1,120 | $712 | 0.4 mi |
B 1608 11th St. Sold | $735,000 | 2 | 1 | 958 | $767 | 0.4 mi |
C 1230 3rd Street Sold | $950,000 | 3 | 2 | 1,444 | $658 | 1.0 mi |
D 1487 15th Street Sold | $792,000 | 3 | 2 | 1,296 | $611 | 0.6 mi |
E 2304 Bayview Heights Dr. Sold | $757,500 | 3 | 2 | 1,323 | $573 | 0.6 mi |
F 1461 18th Pending | $878,000 List Price | 3 | 2 | 1,385 | $634 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent capital improvements, including a new roof, new windows, and an updated kitchen with modern appliances. While the home was built in 1962 and retains a dated 4-bedroom, 1-bathroom configuration, the essential systems and surfaces have been well-maintained or recently replaced, eliminating the need for immediate major renovations.
The property features significant high-value upgrades including a new roof, new windows, and an updated kitchen, reducing immediate move-in costs and maintenance concerns.
Situated on a 6,250 sqft corner lot, the property offers excellent potential for an ADU or a home addition, providing a unique opportunity for value-add investment.
Located in the desirable Los Osos-Baywood neighborhood, the home offers exceptional proximity to Montana De Oro National Park, beaches, and outdoor recreational trails.
With four bedrooms but only one bathroom, the home has a functional imbalance that may be inconvenient for larger families and could impact resale value.
The 1,248 square foot living area is relatively small for a four-bedroom configuration, likely resulting in smaller individual room sizes that may feel cramped.
Wonderful 4 bedroom, 1 bath property conveniently located in the Los Osos-Baywood neighborhood. Close to Schools, shopping and restaurants. Great location close to Montana De Oro National Park, bike trails, kayaking, surfing and beach access. This property is a corner lot and ideal for a potential ADU and/or addition. Buyer to verify and check with County. New roof, new fire sprinklers, new windows, updated kitchen. Included Purchase is stove, dishwasher and refrigerator. RV Parking.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 1,248 | 1,733 | 25% |
| Lot Size | 6,250 | 6,250 | 50% |
| Price | $769.0K | $939.0K | 20% |
| Price per sq ft | $616 | $590 | 59% |
| Built year | 1962 | 1978 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 181 | 16% |
Mar 30, 2026
$769,000
$799,000
-4% Price Drop
Initial Listing
Feb 11, 2026
$799,000
Initial Listing
Jul 22, 1997
$122,000
Public Record