2046 King, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 1 bed, 1 bath
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2046 King
San Luis Obispo, California 93401
ACTIVE
CONDITION: TEAR DOWN
1Beds
1Baths
925Sq Ft
5,557Lot Size
Property Price
LIST PRICE$595,000
SUMMARY
FIXER-UPPER – GREAT INVESTMENT OPPORTUNITY! Attention investors, contractors, and builders! This property is a total fixer-upper with tremendous potential for the right buyer. Situated on a 50' x 100' lot (5,000 sq. ft.), the property is zoned R-2, offering potential development opportunities, subject to city approval and zoning requirements. The existing home is in need of extensive repairs and renovations. Bring your vision and creativity to transform this property! PROPERTY IS BEING SOLD STRICTLY AS IS, IN ITS PRESENT CONDITION. Seller will make no repairs.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1958 (66 years old) with no recorded renovations. The property is explicitly marketed as a 'total fixer-upper' requiring 'extensive repairs' and is sold 'as-is.' The exterior shows significant deterioration, and the R-2 zoning suggests the primary value is in the land for development.
PROSSTRENGTHS & OPPORTUNITIES
- R-2 Zoning Potential
The property is zoned R-2 on a 5,000 sq. ft. lot, offering significant development opportunities for multi-unit projects or expansion, subject to city approval.
- Investment Upside
Priced as a fixer-upper, this property offers a high-margin opportunity for contractors and investors to build equity through a complete renovation or redevelopment.
- Desirable Location
Situated in a prime San Luis Obispo neighborhood, the property benefits from strong long-term appreciation and high demand within the San Luis Coastal Unified school district.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5557, other record lot size in square feet = 5311.
- Recently Sold Property
The property was recently sold within the past year on 2026-04-02. The sold price is $475,000.00.
- Extensive Repair Needs
The existing 1958 structure requires comprehensive renovations and significant capital investment to bring it up to modern living standards.
About 2046 King
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 5,557 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 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 | 1.0 | 3.1 |
| Baths | 1.0 | 3.0 |
| Square foot | 925 | 1,906.09 |
| Lot Size | 5,557 | 6,523.766 |
| Price | $595.0K | $1.28M |
| Price per sq ft | $643 | $683 |
| Built year | 1958 | 1986 |
| HOA | $0 | $86 |
| Days on market | 4 | 49 |
Pricing History
Listed for Sale
Oct 20, 2026
$595,000
Initial Listing
Sold
Apr 2, 2026
$475,000
Public Record