
Los Osos, California 93402
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned above the $782,797 Fair Market Value by 8%. While currently utilized as an income-producing rental, the home carries a Condition Rating of 4, indicating a need for modernization of primary systems and aesthetic updates. The inclusion of a detached art studio and enclosed sunroom provides significant value-add potential. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile coastal property near the Elfin Forest.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1332 15th Subject | $824,000* List Price | 3 | 2 | 1,180 | $657 | - |
A 1847 8th Sold | $800,000 | 3 | 2 | 1,395 | $573 | 0.8 mi |
B 1461 18th Sold | $928,000 | 3 | 2 | 1,385 | $670 | 0.2 mi |
C 1588 10th Street Sold | $797,720 | 3 | 2 | 1,120 | $712 | 0.4 mi |
D 1635 12th Sold | $850,000 | 3 | 2 | 1,064 | $799 | 0.5 mi |
E 1154 Santa Ysabel Active | $950,000 List Price | 3 | 2 | 1,208 | $786 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, the property is nearly 50 years old and shows significant dating. The kitchen features older tile countertops and vintage appliances (Tappan wall oven), while the bathrooms and interior finishes reflect DIY-style updates that are likely 20+ years old. While functional as a rental, the home requires modernization of its primary systems and aesthetic to meet current market standards.
Situated moments from the Elfin Forest and scenic trails, the property offers exceptional access to natural beauty and a desirable coastal lifestyle in Los Osos.
The inclusion of a detached art studio and a bright sunroom with stained glass provides unique flexibility for creative pursuits, home offices, or additional guest space.
Currently utilized as an income-producing rental, this property offers a turnkey opportunity for investors looking for a home with established character and rental history.
At 1,180 square feet for a three-bedroom home, the interior living spaces may feel somewhat constrained compared to modern open-concept designs.
Despite its proximity to the coast and natural preserves, the property listing indicates no specific views, which may be a drawback for buyers seeking ocean or landscape vistas.
Nestled near the peaceful Elfin Forest in Los Osos, this property offers a compelling mix of coastal charm, artistic character, and strong rental potential. Currently used as an income-producing rental, it’s an ideal opportunity for investors or those seeking a versatile coastal getaway. The home showcases unique design elements throughout, including a spa-inspired bathroom with a jetted soaking tub, warm textured finishes, and creative lighting. The kitchen features durable tile countertops that complement the home’s eclectic aesthetic, blending function with style. A standout feature is the bright, enclosed sunroom/greenhouse space, filled with natural light and accented by stained glass details—perfect for relaxing, gardening, or creative pursuits. The outdoor areas continue to impress with a flagstone patio ideal for entertaining, a fully fenced yard offering privacy, and a detached art studio in the back—an inspiring space for work, hobbies, or additional rental flexibility. The property also includes ample off-street parking with a spacious driveway set within a laid-back coastal neighborhood just moments from scenic trails and the natural beauty of the Elfin Forest. Whether you’re expanding your investment portfolio or looking for a distinctive property with income potential, this Los Osos gem delivers location, versatility, and undeniable character.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,180 | 1,705 | 23% |
| Lot Size | 6,250 | 6,250 | 50% |
| Price | $824.0K | $950.0K | 28% |
| Price per sq ft | $698 | $599 | 72% |
| Built year | 1976 | 1976 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 149 | 6% |
Jun 9, 2026
$824,000
$849,000
-3% Price Drop
Initial Listing
May 15, 2026
$849,000
Initial Listing
Apr 2, 2004
$390,000
Public Record