1397 Cavalier Lane, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 4 bed, 2 bath
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San Luis Obispo, California 93405
This property presents a High-Potential Investment Opportunity with a List Price of $935,000—positioned well below the $955,670 Fair Market Value by 2%. This valuation gap offers $20,670 in Instant Equity for buyers. Featuring a 4-bedroom, 2-bath layout on a 6,500 sq ft corner lot, the home maintains a Condition Rating of 4, signaling significant room for modernization. With its prime location near Cerro San Luis hiking trails, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1397 Cavalier Lane Subject | $925,000 | 4 | 2 | 1,635 | $596 | - |
A 1234 Laguna Lane Sold | $981,000 | 3 | 2 | 1,574 | $623 | 0.3 mi |
B 1222 W Newport Street Sold | $970,000 | 4 | 2 | 1,397 | $694 | 0.2 mi |
C 1481 Balboa Sold | $1,165,000 | 6 | 3 | 1,817 | $641 | 0.2 mi |
D 1736 Royal Court Sold | $1,180,000 | 3 | 2 | 1,666 | $708 | 0.4 mi |
E 708 Clearview Sold | $1,000,000 | 3 | 3 | 2,099 | $476 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property is significantly dated and shows no signs of recent major renovations. The kitchen features older tile countertops and cabinetry, and the bathrooms contain finishes likely over 20 years old. While functional and move-in ready, the home requires cosmetic updates and system reviews to meet modern standards, consistent with the listing's mention of 'room to update'.
Situated in the desirable Laguna Lake area, the property offers exceptional proximity to Laguna Lake Park, Cerro San Luis hiking trails, and local shopping and dining.
The 1,635 sq ft floor plan features vaulted ceilings and a seamless flow between the kitchen, dining, and outdoor spaces, maximizing the feel of the interior volume.
Occupying a 6,500 sq ft corner lot, the property provides added privacy and a spacious backyard complete with a pergola and scenic mountain views.
Built in 1977 and marketed with 'room to update,' the home likely requires modernization of its original finishes and fixtures to meet current market standards.
Prospective buyers will need to factor in additional capital investment beyond the $935,000 list price to complete necessary upgrades and repairs.
Situated on a corner lot is a 4-bedroom, 2-bath home offering 1,635 sq ft with a functional layout designed for everyday living. Located in the Laguna Lake neighborhood, just minutes from Laguna Lake Park, Cerro San Luis hiking trails, shopping, and dining. The living room features vaulted ceilings, a fireplace, and large windows, with a sliding glass door that opens to a spacious backyard. The kitchen flows seamlessly into the dining area and breakfast bar, creating an easy, practical layout. The primary bedroom offers direct access to a side patio with a pergola. Three additional bedrooms are paired with a second full bathroom. The backyard includes a concrete patio with a grassy area and mature shrubs offering privacy and fencing all around—ideal for outdoor dining, relaxing, or light gardening. This home presents a great opportunity in a convenient location, offering a comfortable layout with room to update and make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,635 | 1,793 | 40% |
| Lot Size | 6,500 | 6,600 | 45% |
| Price | $925.0K | $1.25M | 21% |
| Price per sq ft | $566 | $702 | 25% |
| Built year | 1977 | 1977 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 118 | 11% |
Apr 16, 2026
$935,000
Initial Listing
Apr 3, 2003
$425,000
Public Record
Jul 24, 1998
$219,000
Public Record