1247 3rd, Los Osos, California 93402, Los Osos, 93402 - 3 bed, 3 bath
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Los Osos, California 93402
This Coastal Income Triplex in the desirable Baywood Park neighborhood is listed at $925,000, representing a stable acquisition price aligned with its $918,984 Fair Market Value. The property consists of three separate one-bedroom units, offering consistent Residential Income potential just steps from the bay and the weekly Farmer’s Market. While maintaining a Fair Condition Rating with its original 1940s infrastructure, the dated finishes provide a clear value-add path for future appreciation. Located within the San Luis Coastal Unified district, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage a high-demand rental location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1247 3rd Subject | $882,000* List Price | 3 | 3 | 1,458 | $589 | - |
A 768 El Morro Active | $989,000 List Price | 3 | 2 | 1,628 | $607 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1940s triplex is in functional condition but shows clear signs of age and dated styling. While the units are currently occupied and maintained, the interior features basic, older bathroom fixtures and simple finishes. The exterior siding and landscaping are aged, and there is no evidence of a recent comprehensive renovation, placing it firmly in the 'Fair' category as an older, well-used rental property.
Situated in the desirable Baywood Park area, the property is just steps from the bay, the local commercial district, and the weekly Farmer’s Market, ensuring high tenant demand.
This triplex features three separate one-bedroom units, offering a versatile investment opportunity for consistent rental income or a live-in-one, rent-the-others strategy.
The sale includes three stoves and three refrigerators, providing immediate functionality for the rental units and reducing initial capital expenditures for the new owner.
The sale specifically excludes the paved lot to the south, which may limit future expansion possibilities or additional parking capacity for the residents.
With an estimated build date of 1940 and estimated square footage, the property may require significant maintenance, updates, or structural inspections to address its vintage condition.
Worth another look! This charming triplex by the Bay has 3 one-bedroom units, with off-street parking, on a peaceful street near Baywood commercial district and weekly Farmer’s Market. Rear unit has peek-a-boo bay water vistas from several windows. Square footage and year built are estimated, lot size area source is County Records. 3 stoves and 3 refrigerators are included in sale. Ask your agent for available reports and information, including survey info. Property corners are marked. Trust sale. Respectful request: Please do not disturb occupants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 33% |
| Baths | 3.0 | 4.0 | 33% |
| Square foot | 1,458 | 2,458 | 33% |
| Lot Size | 6,250 | 6,250 | 50% |
| Price | $882.0K | $769.7K | 67% |
| Price per sq ft | $605 | $313 | 67% |
| Built year | 1940 | 1977 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 124 | 238 | 33% |
May 29, 2026
$882,000
$887,000
-1% Price Drop
Initial Listing
May 27, 2026
$887,000
$891,000
+0% Price Increase
Initial Listing
May 22, 2026
$891,000
$896,000
-1% Price Drop
Initial Listing
May 17, 2026
$896,000
$904,000
-1% Price Drop
Initial Listing
May 14, 2026
$904,000
$910,000
-1% Price Drop
Initial Listing
Apr 14, 2026
$910,000
$925,000
-2% Price Drop
Initial Listing
Mar 4, 2026
$925,000
$995,000
-7% Price Drop
Initial Listing
Feb 10, 2026
$995,000
Initial Listing