1185 E Foothill 30, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 2 bed, 2 bath
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1185 E Foothill 30
San Luis Obispo, California 93405
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,218Sq Ft
1,218Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$676,358
3% AboveMARKET VALUE
SUMMARY
This property represents a Prime Investment Opportunity, listed at a List Price of $699,000. While currently priced slightly above the $676,359 Fair Market Value, the asset offers exceptional stability due to its Prime University Proximity just one block from Cal Poly. Featuring a Condition Rating of 4, the unit includes recent cosmetic upgrades like new carpet and paint. With a lease in place through July 2027, this is a turnkey Buy-and-Hold Investor asset, ideal for Buy-and-Hold Investors or long-term portfolio builders seeking consistent rental demand.
Estimated Market Value
$676,358
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1185 E Foothill 30 Subject 2 bd · 2 ba · 1,218 sqft · $555 | $699,000* List Price | 2 | 2 | 1,218 | $555 | - |
A 1185 E Foothill Sold 2 bd · 2 ba · 1,238 sqft · $582 · 0.0 mi | $720,000 | 2 | 2 | 1,238 | $582 | 0.0 mi |
B 1239 E Foothill Boulevard 205 Sold 2 bd · 2 ba · 1,194 sqft · $515 · 0.1 mi | $615,000 | 2 | 2 | 1,194 | $515 | 0.1 mi |
C 1239 E Foothill Boulevard 108 Sold 2 bd · 2 ba · 1,228 sqft · $570 · 0.1 mi | $700,000 | 2 | 2 | 1,228 | $570 | 0.1 mi |
D 365 N Chorro Active 2 bd · 2 ba · 1,032 sqft · $532 · 0.5 mi | $549,000 List Price | 2 | 2 | 1,032 | $532 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986 (38 years old), the property exceeds the age threshold for 'Good.' While it features recent cosmetic updates including new carpet, paint, and blinds, the lack of mentioned renovations to the kitchen, bathrooms, or major systems suggests the core of the home remains dated.
PROSSTRENGTHS & OPPORTUNITIES
- Prime University Proximity
Located just one block from Cal Poly, this property sits in a highly sought-after location with consistent rental demand and exceptional long-term investment appeal.
- Immediate Cash Flow
The property is currently leased through July 10, 2027, providing a turnkey opportunity for investors with guaranteed income and no immediate vacancy concerns.
- Recent Interior Upgrades
Featuring new carpet, fresh paint, and new blinds, the unit offers a refreshed and well-maintained living space that enhances its marketability and tenant retention.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $554 is relatively high, which increases the monthly carrying costs and may impact the overall net yield for an investor.
- Deferred Owner Occupancy
Because the unit is leased until mid-2027, it is unsuitable for buyers looking for a primary residence in the near future, limiting the potential buyer pool to investors.
About 1185 E Foothill 30
Just one block from Cal Poly!! * New carpet/ paint/ blinds ** ~~ Pictures in MLS are staged, BUT property is currently occupied ~~ First-floor bedroom opens to a private patio. Main level includes second bedroom, full bathroom, kitchen, and living area with balcony access. Tandem two-car carport with built-in storage plus an additional parking permit. Sought-after location near Cal Poly with strong, consistent rental demand and long-term investment appeal with proven income-generating potential. Rarely available this close to campus in a prime Pine Creek location. Currently leased through July 10, 2027.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 1,218 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $554.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,218 | 1,139.484 |
| Lot Size | 1,218 | 1,191.161 |
| Price | $699.0K | $758.3K |
| Price per sq ft | $574 | $592 |
| Built year | 1986 | 1988 |
| HOA | $554.0 | $397 |
| Days on market | 25 | 62 |
Pricing History
Listed for Sale
Sep 29, 2026
$699,000
Initial Listing
Sold
May 16, 2003
$345,000
Public Record