161 Longview Lane, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 4 bed, 3 bath
Loading property details...
San Luis Obispo, California 93405
Analysis of 161 Longview Lane, San Luis Obispo, California 93405 is currently available with a list price of $3,449,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1941, the property is functional but dated. While it features some newer laminate flooring and stainless steel appliances, the kitchen cabinetry, tile countertops, and overall finishes appear to be 20-30 years old. As an active student rental, it is move-in ready but requires modernization of kitchens, baths, and likely aging systems to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17000, living area = 2588.
Situated in the prestigious 'Cal Poly Platinum Ring,' this property offers exceptional income-generating potential as a high-demand student rental within walking distance to the university and downtown San Luis Obispo.
The rare 0.39-acre lot provides a massive footprint for the area, offering significant upside through potential expansion, ADU development, or the creation of a premium outdoor living space.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The list price of $3,449,000 represents a significant capital investment that may result in a lower immediate cap rate compared to other multi-unit investment opportunities in the region.
Given the home's 1941 construction date, buyers should anticipate the need for modernization of aging systems and cosmetic updates to maintain its competitive edge in the luxury rental market.
Income generating Student rental home in the Cal Poly Platinum Ring! Classic Colonial-style residence on a rare 0.39-acre lot in a highly desirable San Luis Obispo location. Boasting 2,588± sq ft, this 3BD/2.5BA home features a functional layout, strong natural light, and timeless character throughout. Highlights include a spacious living room with fireplace, well-positioned kitchen, and a circular driveway providing excellent curb appeal and usability. The expansive lot presents exceptional potential for outdoor living, expansion, or long-term value enhancement. Ideally located next to Cal Poly, downtown SLO, and key amenities. An opportunity to secure space, location, and upside in one of the Central Coast’s most sought-after markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,588 | 1,912 | 78% |
| Lot Size | 17,000 | 6,706.5 | 83% |
| Price | $3.45M | $1.27M | 94% |
| Price per sq ft | $1.3K | $698 | 98% |
| Built year | 1941 | 1971 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 141 | 2% |
Apr 17, 2026
$3,449,000
Initial Listing
Dec 10, 1993
$350,000
Public Record