1216 Southwood Drive, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 2 bath
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San Luis Obispo, California 93401
This Modern Tri-Level Residence represents a Strong Value Opportunity, listed at $799,000—positioned well below the $859,296 Fair Market Value by 7%. This valuation gap offers $60,296 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home includes a Granite Kitchen, Birchwood floors, and scenic Hills Views from private balconies. Its central location in the San Luis Coastal Unified district provides exceptional walkability. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, architecturally significant home.
Property is move-in ready.
Built in 2008 (18 years old), the property fits the 10-20 year age bracket for 'Good' condition. It is well-maintained and move-in ready, featuring a functional kitchen with granite countertops, maple cabinets, and stainless steel appliances, along with birchwood flooring and modern architectural details.
Part of the acclaimed Lofts on Laurel, this detached unit features creative green architecture, exposed wood beams, and vaulted ceilings that provide a unique, high-quality aesthetic.
The thoughtful floor plan offers independent living areas with a ground-floor guest suite and a private top-floor master suite, ideal for multi-generational living or home office needs.
Situated in the heart of San Luis Obispo, the property provides exceptional walkability and easy access to local parks, hiking trails, dining, and shopping.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1530, living area = 1783.
With a lot size of only 1,530 sqft, the property lacks a traditional private yard, relying primarily on balconies for outdoor space.
The tri-level design requires navigating multiple flights of stairs daily, which may be a deterrent for buyers with mobility concerns or those seeking single-level living.
WELCOME TO the LOFTS ON LAUREL. Modern thoughtful design integrates with high quality construction, comfort, and classic elements here at the LOFTS in the heart of San Luis Obispo. One of only 7 free standing fully detached units, The LOFTS have become a fixture for creative green architecture and development in the community. Exposed wood beams, vaulted ceilings, Birchwood floors, and strategically placed picture frame windows create a sense of openness, with natural light, and warmth. The fully equipped kitchen features granite countertops, Maple cabinets, matching upgraded appliances, and abundant storage space. The tri-level design allows for independent living areas between the full guest suite on the ground floor, open concept kitchen, dining, and living area on the main level, and spacious master suite on the top floor. Incorporated into each level of this home are versatile outdoor balcony spaces that create a sense of connection to the surrounding natural setting. The central location provides easy access to parks, trails, eateries, shopping, and everything you need. Schedule your private showing today and ask about Creative Financing!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 3.0 | 30% |
| Square foot | 1,783 | 1,879 | 42% |
| Lot Size | 1,530 | 5,753 | 3% |
| Price | $799.0K | $1.23M | 10% |
| Price per sq ft | $448 | $640 | 5% |
| Built year | 2008 | 2002 | 54% |
| HOA | $235.0 | $45 | 88% |
| Days on market | 22 | 138 | 3% |
May 22, 2026
$799,000
Initial Listing
May 7, 2009
$435,000
Public Record