
San Luis Obispo, California 93401
This Southwood Landing Condominium represents a Strong Value Opportunity, listed at a List Price of $540,000—positioned well below the $533,927 Fair Market Value by a negligible margin, reflecting a stable, market-aligned entry point. Featuring a Condition Rating of 3, the unit offers a functional layout with a private fenced patio and two designated parking spaces. While the 1963 vintage requires long-term maintenance awareness, the central location provides high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance Central Coast lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1163 Laurel Lane 39 Subject | $475,000* List Price | 2 | 1 | 900 | $560 | - |
A 1151 Laurel Sold | $575,000 | 2 | 1 | 900 | $639 | 0.0 mi |
B 1043 Southwood Drive F Sold | $545,000 | 2 | 1 | 892 | $611 | 0.1 mi |
C 2975 Rockview Place 13 Sold | $519,000 | 2 | 1 | 907 | $572 | 0.7 mi |
D 1021 Southwood E Sold | $525,000 | 2 | 1 | 892 | $589 | 0.2 mi |
E 1043 Southwood K Sold | $525,000 | 2 | 2 | 966 | $543 | 0.2 mi |
F 1115 Laurel Lane 63 Active | $480,000 List Price | 2 | 1 | 900 | $533 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1963, it has undergone significant interior updates. The bathroom features a modern walk-in glass shower with contemporary black fixtures and a newer vanity, indicating a renovation likely within the last 5-10 years. The presence of laminate flooring and the 'move-in ready' description suggest well-maintained systems and functional living spaces, though the overall age of the complex prevents an 'excellent' rating.
Ideally situated in the heart of San Luis Obispo, the property offers immediate access to downtown, shopping, dining, and public transportation, ensuring high desirability for both owners and tenants.
The inclusion of a fully fenced private patio featuring a mature orange tree and a storage shed provides a rare outdoor retreat that significantly enhances the living space of a condominium.
The property includes two designated parking spaces, a premium feature in San Luis Obispo that adds substantial convenience and value in a high-demand residential area.
With only one bathroom serving a two-bedroom unit, the layout may be less appealing to roommates or small families compared to more modern dual-bath configurations.
Constructed in 1963, the property may require more frequent maintenance or future upgrades to meet modern energy efficiency and aesthetic standards compared to newer developments.
Introducing "Southwood Landing," a centrally located two-story condominium nestled within the desirable Southwood Chalets community in the heart of San Luis Obispo. Offering 2 bedrooms, 1 bathroom, two designated parking spaces, and a low-maintenance lifestyle, this residence presents an exceptional opportunity for first-time homebuyers, investors, or anyone seeking the convenience of Central Coast living. Ideally located just minutes from Downtown San Luis Obispo, shopping, dining, parks, and public transportation, the home offers easy access to the area's most popular amenities while enjoying the benefits of a well-established community. Inside, the bright living room features laminate flooring, additional storage, and a seamless flow into the kitchen, creating a functional layout for everyday living and entertaining. The kitchen offers ample cabinetry and storage, a ceiling fan, and direct access to the private outdoor patio, extending the living space outdoors. Upstairs, both bedrooms are comfortably sized with carpet flooring and natural light, while the bathroom is thoughtfully appointed with a walk-in shower, detachable showerhead, built-in shelving, and a window that fills the space with natural light. The fully fenced patio provides a private outdoor retreat, complete with a mature orange tree, a storage shed, and space for outdoor dining, entertaining, or relaxing. Combining a functional two-story layout, private outdoor space, and an exceptional location within the sought-after Southwood Chalets community, “Southwood Landing” offers a wonderful opportunity to enjoy the San Luis Obispo lifestyle in one of the Central Coast's most desirable cities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.2 |
| Square foot | 900 | 1,160.348 |
| Lot Size | 900 | 1,245.13 |
| Price | $475.0K | $768.4K |
| Price per sq ft | $528 | $591 |
| Built year | 1963 | 1991 |
| HOA | $330.0 | $417 |
| Days on market | 37 | 64 |
Sep 5, 2026
$475,000
$525,000
-10% Price Drop
Initial Listing
Aug 25, 2026
$525,000
$540,000
-3% Price Drop
Initial Listing
Aug 3, 2026
$540,000
Initial Listing