1415 Smith, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 2 bath
1415 Smith
San Luis Obispo, California 93401
Property Price
SUMMARY
Analysis of 1415 Smith, San Luis Obispo, California 93401 reveals a Prime Investment Opportunity with a current list price of $850,000—significantly undercutting the $877,089 Fair Market Value by 3%. This valuation gap indicates a +$27,089 Instant Equity potential for buyers. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Luis Obispo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1415 Smith Subject | $850,000* List Price | 3 | 2 | 1,674 | $524 | - |
A 1178 San Carlos Dr. Sold | $745,000 | 3 | 1 | 1,346 | $553 | 0.3 mi |
B 2052 Johnson Avenue Sold | $685,000 | 3 | 2 | 1,216 | $563 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1963 and explicitly marketed as a fixer-upper, the property is in mostly original condition with significant deferred maintenance. The kitchen and bathrooms feature 1960s-era cabinetry, countertops, and appliances that require full replacement. With outdated finishes, worn flooring, and a need for substantial rehabilitation to meet modern standards, the home fits the criteria for a major renovation project.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in a highly desirable San Luis Obispo neighborhood, the property offers immediate access to downtown, award-winning schools, and popular hiking trails.
- Corner Lot Potential
The home is set on a generously sized corner lot, providing enhanced curb appeal and significant space for outdoor recreation or potential expansion.
- Scenic Mountain Views
The property features beautiful mountain views, allowing owners to fully enjoy the area's renowned natural landscape and mild year-round weather.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 6364.
- Fixer-Upper Condition
The residence is in need of significant renovation and restoration, which will require a substantial additional investment of time and capital.
- Outdated Bathroom Count
With only 1.5 bathrooms for a three-bedroom home, the current configuration may be insufficient for modern buyer expectations and family needs.
About 1415 Smith
Opportunity awaits located in San Luis Obispo just minutes from downtown, award winning schools, hiking and local favorites! Situated in a highly desirable neighborhood with easy access to scenic hiking, parks and outdoor recreation, this property offers the perfect blend of lifestyle and location. Enjoy San Luis Obispo's renowned year-round mild weather while creating your dream home in one of the most sought after communities. Set on a generously sized corner lot, this fixer upper presents incredible potential with solid bones featuring 3 bedrooms with 1 and 1/2 baths, fireplace and mountain views. Whether your looking to renovate, re-imagine, or restore, this is your chance!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 6,534 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,674 | 1,722 | 47% |
| Lot Size | 6,534 | 6,000 | 54% |
| Price | $850.0K | $1.17M | 19% |
| Price per sq ft | $508 | $660 | 6% |
| Built year | 1963 | 1994 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 177 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$850,000
Initial Listing