
San Luis Obispo, California 93401
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well above the $1,085,904 Fair Market Value by 24%. While the property requires significant capital for modernization due to its Condition Rating of 5, the Dual-Unit Income Potential and Historic Craftsman Charm provide a foundation for long-term value-add. The detached barn and downtown location offer significant versatility for creative redevelopment. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants capable of managing a comprehensive renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1160 Buchon Subject | $1,350,000* List Price | 0 | 0 | 2,403 | $452 | - |
A 1346 Morro Sold | $1,579,000 | 0 | 0 | 3,110 | $508 | 0.2 mi |
B 1346 Morro Sold | $1,579,000 | 6 | 4 | 3,110 | $508 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910, this property retains most original features with very dated kitchen facilities and interior finishes that appear to be 30-50 years old. The presence of surface-mounted electrical conduit and older systems indicates the home requires a significant rehab to meet modern safety and functional standards.
Built in 1910, this property features authentic architectural details including original wood trim, high ceilings, and built-in cabinetry that preserve the timeless character and quality of the San Luis Obispo Historic District.
Configured as a duplex with a 3-bedroom main house and a separate 1-bedroom unit, the property offers excellent flexibility for rental income, multi-generational living, or a primary residence with an offset mortgage.
Situated in a highly walkable area, the home is just steps away from the famous Downtown Farmers’ Market, local dining, and boutique shopping, ensuring high tenant demand and long-term appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7112, other record lot size in square feet = 6825.
The main residence features a 3-bedroom layout but only includes a single bathroom, which may be a significant drawback for modern families or high-end rental tenants seeking more convenience.
The large detached barn features a dirt floor, requiring additional capital investment to stabilize or convert it into a functional workshop, garage, or ADU.
Step into a rare piece of San Luis Obispo history at 1158–1160 Buchon Street, a charming early-1900s home rich in original character and timeless Craftsman-style appeal. The main residence (1160 Buchon) features a 3-bedroom, 1-bathroom layout anchored by authentic early-1900s style, including high ceilings, classic architectural wood trim, and a built-ins classic for times. The secondary residence (1158 Buchon) is a smaller, self-contained 1-bedroom, 1-bathroom unit with a compact kitchen footprint, perfect for rental income or multi-generational living. Located within the desirable Historic District, this unique offering blends vintage architecture, flexible living opportunities, and an exceptional in-town location. A large detached dirt floor barn adds additional versatility for storage, workshop space, parking, or future creative use. Throughout both homes, the craftsmanship of the era remains evident with high ceilings, built-in cabinetry, and enduring design elements that reflect the character and quality of early California homes. The inviting Craftsman aesthetic carries throughout the property, creating warmth and authenticity rarely found today. Ideally situated within walking distance to the renowned Downtown San Luis Obispo Farmers’ Market, local shops, dining, and nearby amenities. This location offers the best of historic downtown living. Ample street parking further enhances convenience for residents and guests alike. A rare opportunity to own an iconic San Luis Obispo property with vintage appeal, income potential, and an unbeatable downtown location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,403 | 2,403 | 50% |
| Lot Size | 7,112 | 7,134 | 20% |
| Price | $1.35M | $1.50M | 20% |
| Price per sq ft | $562 | $562 | 50% |
| Built year | 1910 | 1910 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 48 | 20% |
Jun 3, 2026
$1,350,000
Initial Listing