1440 Ella Street, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 1 bed, 1 bath

1440 Ella Street
San Luis Obispo, California 93401
Property Price
SUMMARY
Analysis of 1440 Ella Street, San Luis Obispo, California 93401 is currently available with a list price of $699,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The listing is explicitly described as a 'hard hat' project requiring extensive renovation, modernization, or a complete rebuild. Built in 1968, the property features outdated systems including a wall furnace and laundry located in an exterior open shed. While it retains original hardwood floors, the overall condition and small footprint necessitate substantial rehabilitation to meet current living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The R2-zoned parcel offers exceptional opportunities for expansion, redevelopment, or adding a second unit, providing significant value-add potential for investors or builders.
- Prime Location
Situated in a highly desirable San Luis Obispo neighborhood, the property is minutes from Terrace Hill, Sinsheimer Park, French Hospital, and the vibrant downtown area.
- Versatile Workshop Space
Beyond the living quarters, the property includes a 286± sq ft workshop and a single-car garage, offering rare additional square footage for projects, storage, or creative use.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is a 'hard hat' project requiring significant investment in repairs, modernization, or a complete rebuild to be fully functional.
- Limited Living Area
At only 540 sq ft with a single bedroom, the current living space is very small, which may limit its appeal to traditional homebuyers without immediate expansion.
About 1440 Ella Street
Bring your hard hat and your imagination to this rare opportunity in one of San Luis Obispo’s most desirable neighborhoods. Set on an R2-zoned parcel, this property offers exceptional potential for renovation, expansion, or redevelopment (buyer to verify). The driveway leads to a French-door style single-car garage with an attached 286± sq ft workshop perfect for projects or storage, and a brick paver patio. Upstairs, a 273± sq ft porch deck with exceptional views welcomes you into the 540± sq ft home, featuring a living room, dining area, kitchen with breakfast nook and ample storage, a bedroom with ensuite bath, and a walk-in closet. Hardwood flooring and an abundance of windows provide natural light throughout, while a wall furnace serves the home. The oversized lot is a standout—rich with mature vegetation, garden spaces, a citrus tree, and a mix of concrete and paver patio areas. An open shed currently houses the laundry. Located close to Terrace Hill, Sinsheimer Park, French Hospital, San Luis Obispo High School, and Downtown SLO. This property offers endless potential to renovate, rebuild, or completely reimagine in a prime San Luis Obispo location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 3,714 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 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 | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 3.0 | 17% |
| Square foot | 540 | 1,722 | 1% |
| Lot Size | 3,714 | 6,000 | 16% |
| Price | $699.0K | $1.17M | 9% |
| Price per sq ft | $1.3K | $660 | 98% |
| Built year | 1968 | 1994 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 177 | 2% |
Pricing History
Listed for Sale
Jan 26, 2026
$699,000
Initial Listing

















