2021 Broad, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 5 bed, 2 bath
2021 Broad
San Luis Obispo, California 93401
Property Price
SUMMARY
Analysis of 2021 Broad, San Luis Obispo, California 93401 is currently available with a list price of $989,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Although described as 'rent-ready' and 'nicely finished,' this 1910 property is sold 'as-is' and shows signs of age consistent with the 'fair' category. The kitchens and bathrooms feature dated cabinetry, older laminate or basic stone countertops, and standard appliances rather than modern upgrades. While the interiors have been maintained with regular upkeep and newer flooring in some areas, the overall aesthetic and fixtures are outdated, and the age of the structure suggests original systems may need attention.
PROSSTRENGTHS & OPPORTUNITIES
- Flexible Mixed-Use Zoning
The Commercial Neighborhood (CN) zoning provides exceptional versatility, allowing for residential use, business operations, or a combination of both in a high-demand San Luis Obispo corridor.
- Dual-Unit Income Potential
With two separate, rent-ready homes on a single 7,500 sq. ft. lot, this property offers an ideal setup for an owner-user to live in one and rent the other, or for an investor to maximize cash flow.
- Prime Corner Visibility
Located at the prominent corner of Broad Street and Sandercock, the property benefits from high traffic exposure and excellent visibility, which is a significant asset for any future commercial or professional use.
CONSRISKS & DEFICIENCIES
- As-Is Condition
Built in 1910, these vintage properties are being sold in as-is condition, which may necessitate additional capital for repairs, upgrades, or modernization to meet current standards.
- Compact Living Areas
The individual units are relatively small at 880 and 786 square feet, which may limit the appeal for residents or businesses requiring more expansive interior square footage.
About 2021 Broad
Two homes on one lot zoned CN – Commercial Neighborhood, offering excellent flexibility and exposure. Unique opportunity to live in one home while using the other for residential or allowable business use (buyer to verify). Prominent corner location at Broad Street and Sandercock with strong visibility. Both homes are nicely finished inside and rent-ready. Broad st property is currently rented, is 880 sq ft 3 to 1 bath and the second home, located at 674 Sandercock St, is approximately 786 sq ft 2 bed 1 bath currently vacant. Older properties offered as-is and priced accordingly. Ideal for owner-user, investor, or future CN redevelopment in a prime San Luis Obispo corridor.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1910
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1910 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 26, 2026
$989,000
Initial Listing
Price Change
Dec 19, 2025
$1,050,000
Initial Listing