1778 Vicente, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 3 bed, 2 bath
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1778 Vicente
San Luis Obispo, California 93405
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,040Sq Ft
5,400Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$759,963
5% AboveMARKET VALUE
SUMMARY
This Single-Family Residence represents a Strong Value Opportunity, listed at $799,000—positioned well below the $759,964 Fair Market Value by -5%. While the property is currently priced above the estimated market value, its Condition Rating of 4 and prime location near Cal Poly offer significant long-term upside. The 5,400 sqft lot provides excellent ADU potential and expansion possibilities. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to personalize a home in a high-demand San Luis Obispo neighborhood.
Estimated Market Value
$759,963
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1778 Vicente Subject 3 bd · 2 ba · 1,040 sqft · $731 | $799,000* List Price | 3 | 2 | 1,040 | $731 | - |
A 1236 Cayucos Drive Sold 3 bd · 1 ba · 1,262 sqft · $626 · 0.1 mi | $790,000 | 3 | 1 | 1,262 | $626 | 0.1 mi |
B 1107 Atascadero Street Sold 4 bd · 2 ba · 1,380 sqft · $626 · 0.3 mi | $864,000 | 4 | 2 | 1,380 | $626 | 0.3 mi |
C 1336 Cavalier Sold 3 bd · 2 ba · 1,267 sqft · $612 · 0.4 mi | $775,000 | 3 | 2 | 1,267 | $612 | 0.4 mi |
D 1760 Foreman Court Sold 3 bd · 2 ba · 1,213 sqft · $674 · 0.3 mi | $818,000 | 3 | 2 | 1,213 | $674 | 0.3 mi |
E 1222 W Newport Street Sold 4 bd · 2 ba · 1,397 sqft · $694 · 0.3 mi | $970,000 | 4 | 2 | 1,397 | $694 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1963, the home has received recent cosmetic updates including fresh interior paint, new vinyl plank flooring, and dual-pane windows. However, the kitchen features very dated knotty pine cabinetry and older appliances that likely exceed 30 years in age. While functional and move-in ready, the property requires significant modernization of the kitchen and bathrooms to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Ideally situated near Cal Poly, major shopping centers, and the SLO Ranch Farms Marketplace, offering high convenience and strong rental or resale demand.
- Expansion & ADU Potential
The spacious 5,400 sqft lot features a blank-canvas backyard, providing a significant opportunity for future home expansion or the addition of an Accessory Dwelling Unit (ADU).
- Modern Interior Updates
The home features recent upgrades including fresh interior paint, durable vinyl plank flooring, and energy-efficient dual-pane windows, ensuring a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Configuration
With only 1.5 bathrooms for a three-bedroom layout, the property may feel underserviced for families or multi-tenant living situations common in this college-town market.
- Compact Living Space
At 1,040 square feet, the interior footprint is relatively small for a single-family residence, which may limit functional living areas and storage capacity.
About 1778 Vicente
Wonderful opportunity in one of San Luis Obispo's most convenient locations near schools, shopping and hiking trails. This single-level home offers 3 bedrooms and 1.5 bathrooms with fresh interior paint, vinly plank flooring and dual pane windows. The spacious backyard is a blank canvas anchored by a mature walnut tree, with room to garden, entertain, or explore future home expansion or ADU potential (buyer to verify). Ideally located near major shopping centers and just a short stroll to the popular SLO Ranch Farms Marketplace with its farm-to-table market, eateries, and shops. Enjoy quick access to Highway 101, an easy trip to Cal Poly, and close proximity to Laguna Lake. A fantastic opportunity for first-time buyers, investors, or anyone looking to personalize a home in a prime location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 5,400 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,040 | 1,906.09 |
| Lot Size | 5,400 | 6,523.766 |
| Price | $799.0K | $1.28M |
| Price per sq ft | $768 | $683 |
| Built year | 1963 | 1986 |
| HOA | $0 | $86 |
| Days on market | 16 | 49 |
Pricing History
Listed for Sale
Oct 8, 2026
$799,000
Initial Listing
Sold
Aug 29, 2014
$416,000
Public Record
Sold
Mar 28, 2003
$315,000
Public Record
Sold
Jul 13, 2001
$287,000
Public Record