
San Luis Obispo, California 93405
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned well above the $924,496 Fair Market Value by 18%. While the home features a Condition Rating of 3 with modern interior updates like luxury vinyl plank flooring and a renovated kitchen, the compact 992 sqft footprint and landscaping needs require careful consideration. Its proximity to Cal Poly and downtown San Luis Obispo ensures strong rental demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a prime location.
Property is move-in ready.
While the structure dates to 1941, the interior has undergone significant modern renovations within the last 5-15 years. The kitchen features updated white shaker cabinetry, quartz-style counters, and stainless steel appliances. The bathrooms have been modernized with contemporary tile work, and luxury vinyl plank flooring has been installed throughout, making the home move-in ready despite the older exterior and unlandscaped yard.
Ideally situated just minutes from Cal Poly and downtown San Luis Obispo, this property offers high rental demand and exceptional appeal for university parents and long-term investors.
The home features contemporary upgrades including durable luxury vinyl plank flooring throughout and a kitchen equipped with stainless steel appliances, a farmhouse sink, and a breakfast bar.
The floor plan includes a bedroom with a private exterior entrance and a Hollywood-style primary bath, providing excellent flexibility for roommates or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 992, other record living area = 776.
With only 992 square feet of living area for a three-bedroom home, the interior footprint is quite compact, which may feel restrictive at the $1.1 million price point.
The backyard and landscaping are noted as requiring customization and 'vision,' suggesting that the next owner will need to invest additional capital to realize the property's full outdoor potential.
Calling all investors and Cal Poly parents! Opportunity awaits in this charming mid-century home ideally located in an established neighborhood just minutes from Cal Poly and downtown San Luis Obispo. A brick porch welcomes you into the open-concept living, dining, and kitchen areas, where durable luxury vinyl plank flooring extends throughout the main living spaces. The dining area features a large picture window overlooking the neighborhood, built-in cabinetry, and access to the front bedroom, which also offers its own exterior entrance to the backyard. The kitchen blends vintage charm with modern touches, featuring stainless steel appliances including a gas range and dishwasher, a farmhouse sink, generous cabinet storage, and a cozy breakfast bar. French doors open to the backyard, where a deck and mature shade trees create a private outdoor setting ready for your vision. The primary bedroom is connected to a Hollywood-style bath and enjoys direct backyard access. A second bathroom with a walk-in shower is located off the hallway, along with additional storage. Upstairs, a third bedroom offers high ceilings and convenient attic storage access. The backyard and landscaping present an excellent opportunity for customization, allowing the next owner to create an outdoor space that complements the home's character. Completing the property is a single-car garage with laundry area and utility sink. Filled with distinctive mid-century details, practical modern updates, and an unbeatable location near shopping, dining, parks, and Cal Poly, this is a rare opportunity to invest in one of San Luis Obispo's most established neighborhoods and unlock the home's full potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 3.0 |
| Square foot | 992 | 1,868.778 |
| Lot Size | 3,675 | 6,365.978 |
| Price | $1.10M | $1.27M |
| Price per sq ft | $1.1K | $676 |
| Built year | 1941 | 1986 |
| HOA | $0 | $91 |
| Days on market | 34 | 49 |
Aug 6, 2026
$1,100,000
Initial Listing
Feb 28, 2013
$450,000
Public Record
Aug 29, 2006
$549,000
Public Record
Mar 2, 2001
$288,000
Public Record
Jul 13, 1999
$199,000
Public Record