1284 Oceanaire Drive, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 3 bed, 2 bath
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1284 Oceanaire Drive
San Luis Obispo, California 93405
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,891Sq Ft
6,422Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$902,983
SUMMARY
This Spacious Single-Level Rancher represents a Strong Value Opportunity, listed at $935,000—positioned slightly above the $917,086 Fair Market Value. While the home maintains a Condition Rating of 5 due to original 1970s finishes, its meticulous maintenance, newer roof, and upgraded windows provide a solid foundation for modernization. The expansive corner lot and flexible floor plan, including a potential 4th bedroom, offer significant upside for value-add renovations. Located in the San Luis Coastal Unified district, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a long-term project.
Estimated Market Value
$902,983
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 |
|---|---|---|---|---|---|---|
★ 1284 Oceanaire Drive Subject 3 bd · 2 ba · 1,891 sqft · $478 | $899,000* List Price | 3 | 2 | 1,891 | $478 | - |
A 1351 Avalon Street Sold 3 bd · 2 ba · 1,665 sqft · $562 · 0.1 mi | $935,000 | 3 | 2 | 1,665 | $562 | 0.1 mi |
B 1336 Cavalier Sold 3 bd · 2 ba · 1,267 sqft · $612 · 0.3 mi | $775,000 | 3 | 2 | 1,267 | $612 | 0.3 mi |
C 1397 Cavalier Lane Sold 4 bd · 2 ba · 1,635 sqft · $566 · 0.2 mi | $925,000 | 4 | 2 | 1,635 | $566 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
While the home is well-maintained with a newer roof and windows, the kitchen and bathrooms are largely original to the 1970 build (50+ years old). The dated cabinetry, tile counters, and overall interior finishes require a full rehab to meet modern standards, fitting the criteria for properties over 30 years old needing major updates.
PROSSTRENGTHS & OPPORTUNITIES
- Meticulous Maintenance
Long-term owner occupancy for over 37 years ensures the home has been exceptionally cared for, featuring critical updates like a newer roof and upgraded windows.
- Flexible Floor Plan
The spacious 1,891 sq. ft. layout includes a separate family room that offers the versatility to be converted into a fourth bedroom, providing excellent value-add potential.
- Desirable Corner Lot
Situated on an expansive corner lot with low-maintenance landscaping, the property offers enhanced privacy and curb appeal within a prime San Luis Obispo neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6422, other record lot size in square feet = 6874.
- Dated Aesthetic
Having been held by the same owner for decades, the interior likely features older finishes and cabinetry that may require cosmetic updates to appeal to modern tastes.
- 1970s Original Layout
While well-maintained, the 1970s rancher design may lack the open-concept flow preferred by contemporary buyers, potentially requiring structural modifications.
About 1284 Oceanaire Drive
First time on the market in over 37 years! Lovingly maintained and owner-occupied for more than three decades, this spacious single-level rancher offers 1,891 sq. ft. of comfortable living space with 3 bedrooms, 2 baths, and tons of potential. The inviting living room features a wood-burning fireplace with a gas log set and abundant natural light throughout. A separate family room provides additional living space and offers the flexibility to convert into a 4th bedroom. Storage is plentiful with generous hall and linen closets along with classic built-in cabinetry, while one bathroom includes a Safeguard walk-in jetted tub for added comfort and convenience. Notable updates include a newer roof and upgraded windows, and all appliances stay with the home. Situated on an expansive corner lot, the property boasts low-maintenance landscaping, an oversized 2-car garage, and convenient access to schools, shopping, restaurants, and everyday amenities. This exceptionally cared-for home is ready to welcome its next owners!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1970
- Lot Size
- 6,422 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,891 | 1,906.09 |
| Lot Size | 6,422 | 6,523.766 |
| Price | $899.0K | $1.28M |
| Price per sq ft | $475 | $683 |
| Built year | 1970 | 1986 |
| HOA | $0 | $86 |
| Days on market | 24 | 49 |
Pricing History
Listed for Sale
Oct 23, 2026
$899,000
$935,000
-4% Price Drop
Initial Listing
Price Change
Sep 30, 2026
$935,000
Initial Listing