
San Luis Obispo, California 93401
This Turnkey Multi-Generational Residence is listed at $1,590,000, reflecting a stable market valuation. Featuring a newly built 2-bedroom ADU and a main house with high-end custom finishes like Italian Carrara marble and mahogany, the property maintains an Excellent Condition Rating. The Banana Belt location provides a prime microclimate and walkability to downtown, while the 7,500-square-foot lot offers significant utility. With a proven Airbnb history and strong rental demand, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1602 Sydney Street Subject 5 bd · 5 ba · 2,519 sqft · $596 | $1,590,000* List Price | 5 | 5 | 2,519 | $596 | - |
A 1492 Tanglewood Court Sold 3 bd · 3 ba · 1,611 sqft · $759 · 0.7 mi | $1,222,485 | 3 | 3 | 1,611 | $759 | 0.7 mi |
B 1208 Pismo Sold 4 bd · 3 ba · 1,836 sqft · $980 · 0.9 mi | $1,800,000 | 4 | 3 | 1,836 | $980 | 0.9 mi |
C 3078 Johnson Avenue Active 3 bd · 2 ba · 1,446 sqft · $830 · 0.4 mi | $1,200,000 List Price | 3 | 2 | 1,446 | $830 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand-new ADU and a main house that has undergone high-end renovations. The kitchen is updated with custom cabinetry, butcher-block counters, and stainless appliances, while the bathrooms showcase recent designer finishes like Carrara marble and floor-to-ceiling tile. The overall condition is mint and move-in ready, meeting the criteria for a recent total renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1512.
The property includes a newly built 2-bedroom ADU with an estimated $3,500 monthly rental income and a proven Airbnb history, offering exceptional versatility for investors or homeowners seeking a mortgage offset.
The residence features premium architectural details such as imported Italian porcelain flooring, Carrara marble showers, and a handcrafted mahogany island, providing a level of character and quality rarely found in standard renovations.
While designed for privacy, the ADU is attached to the main house rather than being a fully detached unit, which may be a drawback for buyers seeking absolute separation between dwellings.
The property's income potential is subject to strict local San Luis Obispo short-term rental and ADU ordinances, requiring buyers to verify ongoing eligibility and owner-occupancy mandates.
A Rare SLO Find: Character, Flexibility & Income Potential in the Desirable Banana BeltDiscover a unique opportunity in San Luis Obispo's desirable Banana Belt, conveniently located near French Hospital, Sinsheimer Park and Elementary, SLO High and Terrace Hill hiking trails. This distinctive property blends Craftsman charm and architectural character in the main house with a newly built, modern ADU. Offering exceptional flexibility for multigenerational living, extended guests, or potential rental income, the property sits on a generous ~7,500-square-foot lot. Perched above the street, mature landscaping and a fully fenced yard create a surprisingly private setting to enjoy spectacular sunsets, watch fireworks from nearby SLO Blues games, or unwind in the elevated hot tub retreat.Main House Features: - 3 bedrooms, 2 bathrooms, a dedicated laundry room, and a two-car garage. - Architectural character featuring sculptural details, graceful arches, fresh bedroom carpeting, and imported Italian porcelain flooring that offers the look of hand-pressed Saltillo tile while offering high durability. - Thoughtfully designed kitchen with a custom laid mosaic backsplash, butcher-block countertops, copper sink, custom soft close cabinetry with pullouts, stainless steel appliances, and under-cabinet lighting. - Beautifully detailed bathrooms showcasing purpleheart wood framing Italian Carrara marble in the hall bath and a matching floor-to-ceiling marble shower in the primary suite, with soft close cabinetry in each.- Private primary suite entrance from the backyard, with convenient access to the elevated hot tub retreat.Private ADU Features:- Approximately 1,000-square-foot, newly built, light-filled 2-bedroom, 2.5-bath ADU with its own address, attached at the corner of the main house with minimal shared interior walls for added privacy. - Luxury vinyl plank flooring throughout, two matching upstairs bedrooms with ensuite bathrooms and soaking tubs, and west-facing sunset views from the living areas, bedrooms, and brand-new redwood deck.-Custom, soft close cabinetry and a gorgeous handcrafted mahogany burlwood center island.Energy Efficiency & Comfort-Owned solar system that has historically offset electricity usage, often resulting in utility credits when production exceeds usage.-Mini-split heating and cooling in every bedroom and both living rooms for individualized comfort throughout both living spaces.- Dual-pane windows for improved energy efficiency and sound insulationIncome Potential: Estimated ADU rental potential of $3,500+ per month. Historical annual income of approximately $25,000 from operating the primary suite as an Airbnb Homestay. Potential for Homestay use of the attached ADU, subject to City of San Luis Obispo regulations and approval. Buyers to independently verify rental estimates, permitting, eligibility, owner-occupancy requirements, and allowable future uses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.1 |
| Baths | 5.0 | 3.0 |
| Square foot | 2,519 | 1,906.09 |
| Lot Size | 7,405 | 6,523.766 |
| Price | $1.59M | $1.28M |
| Price per sq ft | $631 | $683 |
| Built year | 1973 | 1986 |
| HOA | $0 | $86 |
| Days on market | 10 | 49 |
Oct 14, 2026
$1,590,000
Initial Listing