
Los Osos, California 93402
This detached condominium represents a Strong Value Opportunity, listed at $515,000—positioned well below the $546,099 Fair Market Value by 5%. This valuation gap offers $31,099 in Instant Equity for buyers. While maintaining a Fair Condition Rating, the residence provides rare privacy with no shared walls, vaulted ceilings, and a private backyard. Located within the San Luis Coastal Unified district, it balances coastal lifestyle perks with room for cosmetic appreciation. This is an optimal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1196 Santa Ynez Subject | $515,000* List Price | 2 | 2 | 864 | $632 | - |
A 1189 Santa Ynez B Active | $399,000 List Price | 1 | 1 | 538 | $742 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is well-maintained but shows signs of its age, fitting the 'fair' criteria. While it features updated vinyl plank flooring, the kitchen and bathrooms appear functional but dated, and the listing explicitly mentions being sold in its 'present condition' as an opportunity to personalize and build equity.
This rare detached condo features no shared walls, providing the privacy and quiet of a single-family residence with the convenience of a managed community.
The HOA covers exterior maintenance and common areas, which, combined with durable vinyl plank flooring, offers an ideal lock-and-leave coastal living experience.
Unlike many condos, this property includes dedicated side and back yard spaces along with a storage shed, offering functional outdoor area for pets or gardening.
The property is offered in its present condition, suggesting that buyers may need to budget for immediate cosmetic updates or repairs to build equity.
At 864 square feet, the interior living space is relatively compact for a two-bedroom, two-bathroom home, which may feel restrictive for some buyers.
Discover a rare opportunity in Los Osos with this detached 2-bedroom, 2-bath condominium that lives like a single-level home. With no shared walls, this residence offers an uncommon level of privacy along with its own outdoor space — a feature not often found in condo living. Inside, the home features vinyl plank flooring throughout, an interior laundry closet, and a kitchen with new butcher block countertops, a new sink and faucet, disposal, and updated lower cabinetry. Stainless-steel appliances include a gas range, microwave, dishwasher, and refrigerator. A new water heater adds additional value and convenience for the next owner. The open living and dining area is enhanced by vaulted ceilings and natural light, creating a comfortable and inviting space for everyday living. Step outside to enjoy the private side and backyard areas, including a deck and patio space ideal for relaxing or entertaining. A storage shed adds convenience, and two dedicated parking spaces are included. The HOA maintains the exterior of the home and common areas, offering a low-maintenance lifestyle in one of the Central Coast’s most desirable coastal communities. This property presents a compelling opportunity to personalize and build equity while enjoying the relaxed Los Osos lifestyle just minutes from the bay, hiking trails, and local amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 864 | 701 | 50% |
| Lot Size | 864 | 650 | 50% |
| Price | $515.0K | $370.0K | 50% |
| Price per sq ft | $596 | $507 | 50% |
| Built year | 1987 | 1984 | 50% |
| HOA | $250.0 | $262 | 50% |
| Days on market | 39 | 44 | 50% |
Mar 15, 2026
$515,000
Initial Listing
Mar 14, 2026
$510,000
Initial Listing
Mar 1, 2022
$486,000
Public Record
Aug 29, 2011
$145,000
Public Record
Dec 28, 2001
$186,000
Public Record
Mar 1, 1994
$98,000
Public Record