
San Luis Obispo, California 93405
This Hybrid Income-Generating Property is a Strong Value Opportunity, listed at $1,300,000—positioned well below the $1,344,551 Fair Market Value by 3%. This valuation gap offers $44,551 in Instant Equity. Featuring an updated kitchen and a detached studio ADU, the property maintains an Excellent Condition Rating. With its edible landscape and proximity to Irish Hills, this home balances lifestyle appeal with rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1769 Singletree Court Subject 4 bd · 4 ba · 2,529 sqft · $510 | $1,200,000* List Price | 4 | 4 | 2,529 | $510 | - |
A 946 Parkview Sold 4 bd · 4 ba · 2,317 sqft · $604 · 0.7 mi | $1,400,000 | 4 | 4 | 2,317 | $604 | 0.7 mi |
B 1351 Avalon Street Sold 3 bd · 2 ba · 1,665 sqft · $562 · 0.7 mi | $935,000 | 3 | 2 | 1,665 | $562 | 0.7 mi |
C 1397 Cavalier Lane Sold 4 bd · 2 ba · 1,635 sqft · $566 · 0.5 mi | $925,000 | 4 | 2 | 1,635 | $566 | 0.5 mi |
D 1733 Farrier Court Active 3 bd · 4 ba · 2,197 sqft · $555 · 0.1 mi | $1,220,000 List Price | 3 | 4 | 2,197 | $555 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003 (21 years old), the property is exceptionally well-maintained and move-in ready. It features a recently updated kitchen with quartzite countertops and high-end Bertazzoni appliances, plus a modern battery backup system. While some elements like the cabinetry and bathroom fixtures reflect the original 20-year age, the overall condition and significant system/surface upgrades exceed the 'Fair' threshold.
The property includes a detached 450 sq. ft. studio ADU currently rented for $1,650 per month, offering immediate rental income or flexible space for multigenerational living.
The main residence features a high-end kitchen remodel equipped with quartzite countertops, a spacious center island, and professional-grade Bertazzoni appliances.
The grounds offer a rare 'edible forest' with mature avocado, citrus, and stone fruit trees, complemented by a battery backup system and a private outdoor sauna retreat.
All primary bedrooms are located on the upper level, which may pose a challenge for buyers seeking single-level living or long-term accessibility.
With the main house, detached garage/ADU, and extensive mature gardens, the 6,000 sq. ft. lot has limited open yard space for traditional recreational activities.
Your Private Garden Retreat with Income producing ADU is waiting for you! Tucked away on a quiet cul-de-sac near the beautiful Irish Hills, this exceptional San Luis Obispo property offers a rare combination of privacy, serenity, mature gardens, and valuable income potential. The property includes a 2,079± sq. ft. primary residence, a detached 450± sq. ft. studio ADU, lush established landscaping, Battery back up system, long driveway, and inviting private outdoor spaces—all in one of San Luis Obispo’s most convenient locations. A standout feature is the detached studio ADU above the garage, complete with its own upgraded kitchen, bathroom, living area, and private view deck and laundry set up in a garage. Currently rented for $1,650 per month including utilities, the ADU provides immediate supplemental income potential while also offering tremendous flexibility for extended family, guests, a private office, or future multigenerational living. The main residence offers a thoughtfully designed floor plan with the primary living, dining, and entertaining spaces on the entry level. At the heart of the home is an updated kitchen featuring beautiful quartzite countertops, a spacious center island, and a striking handmade tile backsplash above the cooktop, new Bertazzoni oven and stove. Two additional rooms at the front of the home provide flexible space for formal dining, a home office, library, sitting room, or additional entertaining areas. Upstairs, hardwood flooring extends throughout the second level. The spacious primary suite includes a walk-in closet and en-suite bathroom with dual sinks, a soaking tub, and a separate walk-in shower. Two additional bedrooms and a shared bathroom complete the upper level. Views of the local hills. The property offers mature landscaping and thoughtfully cultivated garden beds create a peaceful tranquility rarely found so close to town. The abundant edible landscape includes multiple avocado trees, three apple trees, kiwi and passion fruit vines, lemon and other citrus, fig, plum trees, raspberry bushes, two olive trees, and roses throughout the property. A secluded outdoor entertaining area between the main residence and detached garage provides an inviting place to dine, relax. This private retreat also features a sauna, outdoor shower, and lounge area. The setting is peaceful and convenient with the Irish Hills hiking trails, parks, schools, restaurants, shopping, and everyday conveniences are just minutes away.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,529 | 1,906.09 |
| Lot Size | 6,000 | 6,523.766 |
| Price | $1.20M | $1.28M |
| Price per sq ft | $474 | $683 |
| Built year | 2003 | 1986 |
| HOA | $85.0 | $86 |
| Days on market | 24 | 49 |
Oct 13, 2026
$1,200,000
$1,300,000
-8% Price Drop
Initial Listing
Sep 30, 2026
$1,300,000
Initial Listing
Oct 15, 2008
$600,000
Public Record
Feb 4, 2005
$750,000
Public Record
Nov 26, 2003
$575,000
Public Record