1885 San Luis Ranch, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 4 bed, 4 bath
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San Luis Obispo, California 93405
This Modern Turnkey Residence represents a Strong Value Opportunity, listed at $1,249,000—positioned above the $1,188,088 Fair Market Value. Built in 2022, this property maintains an Excellent Condition Rating, featuring a versatile attached ADU that provides significant income potential or multi-generational flexibility. With contemporary finishes, solar panels, and a prime location in the San Luis Ranch community, it offers a low-maintenance lifestyle near downtown. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants prioritizing modern, move-in-ready living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1885 San Luis Ranch Subject | $1,249,000* List Price | 4 | 4 | 2,124 | $559 | - |
A 1052 Forest Sold | $1,140,000 | 3 | 3 | 1,878 | $607 | 0.2 mi |
B 780 Haystack Place Sold | $910,000 | 3 | 3 | 1,558 | $584 | 0.1 mi |
C 1237 Vista Del Lago Sold | $900,000 | 3 | 2 | 1,746 | $515 | 0.8 mi |
D 955 Forest Street Active | $1,229,000 List Price | 3 | 3 | 2,022 | $608 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this property is in mint condition and well within the <10-year age bracket for an excellent rating. It features contemporary finishes, modern HVAC and electrical systems, solar panels, and requires no maintenance.
The property features a fully equipped, attached ADU with its own private entrance, kitchen, and laundry, providing an excellent opportunity for rental income or multi-generational living.
Built in 2022, this home offers contemporary finishes, energy-efficient systems, and an open-concept layout, ensuring a low-maintenance lifestyle and a move-in-ready experience.
Situated in the desirable San Luis Ranch, the home provides immediate access to walking trails, parks, and shopping, while remaining just minutes from the amenities of downtown San Luis Obispo.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2758, living area = 2124.
With a lot size of approximately 2,758 square feet, the property offers minimal yard space, which may be a disadvantage for buyers seeking significant outdoor privacy or gardening areas.
The home is located in a high-density community where close proximity to neighboring residences may impact the sense of seclusion compared to more traditional, larger-lot neighborhoods.
Located in the highly desirable San Luis Ranch community, this newer-built property offers over 2,100 square feet of thoughtfully designed living space, including an attached ADU. With a combined total of 4 bedrooms and 3.5 bathrooms, the property provides exceptional flexibility for a variety of living arrangements. The main residence features 3 bedrooms, 2.5 bathrooms, and approximately 1,545 square feet of living space with open-concept living areas, abundant natural light, and contemporary finishes throughout, creating a bright and inviting atmosphere ideal for everyday living and entertaining. The well-appointed kitchen flows seamlessly into the main living spaces, while the spacious bedrooms provide comfort and flexibility. The attached ADU adds valuable additional living space and features its own private entrance, kitchen, bathroom, and laundry, making it ideal for guests, extended family, or rental income potential. An oversized two-car garage offers ample room for vehicles, recreational equipment, or a home workshop, and additional storage beneath the stairs provides a practical solution for keeping everyday items organized. Residents enjoy nearby parks, walking and biking trails, shopping, dining, and easy access to downtown San Luis Obispo. Combining modern comfort, low-maintenance living, income potential, and an exceptional location, this home offers the very best of Central Coast living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,124 | 1,846 |
| Lot Size | 2,758 | 5,168 |
| Price | $1.25M | $1.23M |
| Price per sq ft | $588 | $655 |
| Built year | 2022 | 1989 |
| HOA | $83.0 | $116 |
| Days on market | 44 | 48 |
Jul 1, 2026
$1,249,000
$1,285,000
-3% Price Drop
Initial Listing
Jun 8, 2026
$1,285,000
Initial Listing
Oct 18, 2022
$941,000
Public Record