1151 Laurel, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 1 bath
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San Luis Obispo, California 93401
This Turnkey Condominium represents a Strong Value Opportunity, listed at $565,000—positioned well above the $515,303 Fair Market Value by 9%. While priced above the current estimation, the property features a Condition Rating of 3, boasting high-end Granite Kitchen finishes and Travertine Flooring. Its prime location in the San Luis Coastal Unified district and proximity to downtown offer significant lifestyle appeal. This move-in ready home is an ideal acquisition for first-time buyers or investors seeking a low-maintenance, well-appointed property in a high-demand coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1151 Laurel Subject | $565,000* List Price | 2 | 1 | 900 | $573 | - |
A 1021 Southwood E Sold | $525,000 | 2 | 1 | 892 | $589 | 0.2 mi |
B 1025 Southwood Sold | $495,000 | 2 | 2 | 966 | $512 | 0.2 mi |
C 839 Marigold Court Sold | $700,000 | 2 | 1 | 900 | $778 | 0.9 mi |
D 3802 Ranch House Road 103 Sold | $590,000 | 2 | 2 | 966 | $611 | 0.5 mi |
E 1035 Southwood Drive Sold | $560,000 | 2 | 2 | 966 | $580 | 0.1 mi |
F 3802 Ranch House Road 303 Sold | $590,000 | 2 | 2 | 1,030 | $573 | 0.5 mi |
G 1043 Southwood Drive F Active Under Contract | $555,000 List Price | 2 | 1 | 892 | $622 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1963, the property has been 'beautifully updated' with modern finishes including black granite countertops, travertine flooring, laminate wood floors, and crown molding. It appears well-maintained and move-in ready, consistent with a renovation performed within the last 5-15 years.
The home features high-quality finishes including laminate wood flooring, crown molding, and a kitchen updated with black granite countertops and travertine flooring, making it move-in ready.
Ideally situated in the Southwood Chalets community, the property offers exceptional convenience with close proximity to downtown San Luis Obispo, local parks, and shopping.
The spacious private patio includes valuable storage sheds and provides direct access to two designated parking spaces, enhancing the unit's utility and privacy.
With only one full bathroom serving both bedrooms, the property may present a challenge for families or roommates compared to units with a second half-bath.
The washer and dryer are located in an outdoor storage shed rather than within the interior living space, which may be less convenient during inclement weather.
Beautifully updated 2-bedroom, 1-bath condo located in the highly desirable Southwood Chalets community. This inviting home features laminate wood flooring, crown molding, and a bright, comfortable living area that flows seamlessly into the tastefully updated kitchen complete with black granite countertops, travertine flooring, abundant cabinetry, and generous prep space. Upstairs, both bedrooms share a well-appointed full bathroom, creating a practical and functional layout. The spacious private patio offers an ideal setting for outdoor dining, gardening, entertaining, or relaxing in the coastal climate. A charming red storage shed houses the washer and dryer, while an additional shed provides valuable extra storage space. Rear patio access leads directly to the two designated parking spaces for added convenience. Ideally situated close to shopping, parks, public transportation, and just minutes from vibrant downtown San Luis Obispo, this property offers an exceptional opportunity for first-time buyers, investors, or anyone seeking low-maintenance living in a prime location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 900 | 1,192 | 21% |
| Lot Size | 900 | 966 | 48% |
| Price | $565.0K | $739.0K | 21% |
| Price per sq ft | $628 | $589 | 64% |
| Built year | 1963 | 2016 | 3% |
| HOA | $330.0 | $363 | 24% |
| Days on market | 24 | 148 | 9% |
May 14, 2026
$565,000
Initial Listing
Sep 30, 2022
$465,000
Public Record
Mar 8, 2017
$312,000
Public Record
May 31, 2013
$195,000
Public Record
Apr 15, 2005
$331,500
Public Record