1247 3rd, Los Osos, California 93402, Los Osos, 93402 - 3 bed, 3 bath
1247 3rd
Los Osos, California 93402
Property Price
SUMMARY
Analysis of 1247 3rd, Los Osos, California 93402 is currently available with a list price of $925,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Osos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1940, this triplex is functional and fully occupied but shows clear signs of age. The kitchens and bathrooms feature dated cabinetry, older appliances, and basic fixtures consistent with a property maintained through regular upkeep rather than recent professional renovation. The exterior siding and windows also reflect the vintage nature of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the desirable Baywood Park area, the property is steps away from the commercial district and the weekly Farmer’s Market, ensuring high tenant demand and a high walkability score.
- Immediate Rental Income
The triplex is fully occupied, offering an immediate revenue stream for investors with the added benefit of included appliances and off-street parking for each unit.
- Desirable Unit Configuration
The three one-bedroom unit layout is highly sought after in the Los Osos rental market, providing a versatile and manageable investment in a peaceful neighborhood.
CONSRISKS & DEFICIENCIES
- Vintage Construction Risks
With an estimated build date of 1940, the property may have aging infrastructure and deferred maintenance typical of older coastal structures, potentially requiring future capital expenditure.
- Restricted Parcel Size
The parcel specifically excludes the adjacent paved lot to the south, which may limit future expansion possibilities or additional parking flexibility despite the property's visual footprint.
About 1247 3rd
A charming triplex by the Bay! 3 one-bedroom units, with off-street parking, on a peaceful street near Baywood commercial district and weekly Farmer’s Market. Parcel does not include paved lot to the south of property. Square footage and year built are estimated, lot size area source is County Records. 3 stoves and 3 refrigerators are included in sale. Fully rented, ask your agent for available reports and information. Possession subject to tenants’ rental agreements. Trust sale.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1940
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 3.0 | 3.5 | 50% |
| Square foot | 1,458 | 1,958 | 50% |
| Lot Size | 6,250 | 6,250 | 50% |
| Price | $925.0K | $847.4K | 50% |
| Price per sq ft | $634 | $474 | 50% |
| Built year | 1940 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 82 | 50% |
Pricing History
Listed for Sale
Mar 4, 2026
$925,000
$995,000
-7% Price Drop
Initial Listing
Price Change
Feb 10, 2026
$995,000
Initial Listing