1556 3rd, Los Osos, California 93402, Los Osos, 93402 - 2 bed, 2 bath
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Los Osos, California 93402
This Coastal Single-Family Residence is a High-Potential Investment Opportunity, listed at $1,500,000—positioned slightly above the $1,445,003 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by Iconic Coastal Views of Morro Rock and a prime location near the Baywood waterfront. The versatile floor plan, featuring nine skylights and bonus office space, provides a solid foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused coastal sanctuary with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1556 3rd Subject | $1,195,000* List Price | 2 | 2 | 1,648 | $616 | - |
A 1223 7th Sold | $950,000 | 3 | 3 | 1,524 | $623 | 0.5 mi |
B 1766 Fearn Sold | $900,000 | 3 | 2 | 1,706 | $528 | 0.5 mi |
C 1051 Santa Ysabel Avenue Sold | $970,000 | 2 | 2 | 1,440 | $674 | 0.6 mi |
D 1140 12th Street Sold | $965,000 | 3 | 3 | 1,810 | $533 | 0.8 mi |
E 1701 8th Street Sold | $1,035,000 | 3 | 3 | 1,939 | $534 | 0.3 mi |
F 1461 18th Sold | $928,000 | 3 | 2 | 1,385 | $670 | 0.9 mi |
G 1521 6th Sold | $840,000 | 3 | 2 | 1,524 | $551 | 0.2 mi |
H 1819 6th Active | $875,000 List Price | 3 | 2 | 1,360 | $643 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, the property has undergone renovations that appear to be 20-30 years old. While the home is exceptionally well-maintained and functional with hardwood floors and nine skylights, the oak cabinetry, tile countertops, and bathroom finishes are aesthetically dated. It fits the 'Fair' criteria as a move-in ready home that will eventually require minor repairs or modern updates to the kitchen and baths.
The property offers unobstructed, panoramic views of the bay, sandspit, and Morro Rock, providing a serene and high-value coastal living experience from both the interior and the front deck.
Situated within walking distance to the charming Baywood downtown area, residents enjoy immediate access to local dining, the pier, and outdoor activities like kayaking and paddleboarding.
With nine skylights and an open floor plan, the home includes functional bonus spaces such as a library/office and a large utility/craft room, maximizing the utility of its 1,648 square feet.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1648, other record living area = 1420.
Featuring only two bedrooms, the property may have limited appeal for larger families or buyers requiring more traditional sleeping quarters at a $1.5M price point.
Built in 1958, the home may require ongoing maintenance or further modernization of its core systems to meet the expectations of contemporary luxury buyers.
This iconic central coast of California property offers magnificent soothing views of the bay, sandpit, and Morro Rock. Sit in your living room and take in the unsurpassed beauty of morning sunrises and evening sunsets which are highlighted by egrets, herons, and other bird species that constantly visit the bay. If you prefer to take in the cool coastal morning weather, sit on the front deck that overlooks the bay and enjoy a hot cup of coffee and some pastries. Warm earth tones fill the interior. Hardwood floors, oak cabinetry, and earth toned tile are complemented by nine skylights, an open and fluid floor plan that provides space for a family room, and a bonus library/ day bed area which can also be used as an office. The large inside utility area can also double as a craft room. Double car garage with work bench, storage cupboards, peg board and sink is ready made for the handy individual who loves to tinker. 1,648 square feet of living space, two good sized bedrooms with closet organizers and mirrored closets. One bedroom has a ceiling fan and a slider that opens to the side decking. The full bathroom features tiled flooring, wainscoting, and a Jacuzzi tub. The three-quarter bathroom is beautifully tiled and is highlighted by a skylight. Comfortable and easy coastal living is accented by sunny rear decking and a large front patio entertainment area. This property is located very near the charming waterfront Baywood downtown area with its restaurants, coffee shop, yoga studio, wine tasting, live outdoor music on the weekends, retail jewelry store and of course the Baywood pier where one can sit and enjoy the bay views while conversing with friends or engaging in solitary reflection. You can also launch your kayak, canoe or paddle board and explore the bay, inlets, and the sandspit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,648 | 1,607 |
| Lot Size | 6,250 | 6,275 |
| Price | $1.20M | $941.1K |
| Price per sq ft | $725 | $633 |
| Built year | 1958 | 1974 |
| HOA | $0 | $0 |
| Days on market | 36 | 39 |
Jul 3, 2026
$1,195,000
$1,500,000
-20% Price Drop
Initial Listing
Jun 16, 2026
$1,500,000
Initial Listing