2060 Skylark Lane, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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San Luis Obispo, California 93401
This Custom Mid-Century Residence is a Prime Investment Opportunity, listed at $1,800,000—positioned well below the $1,856,642 Fair Market Value by 3%. This valuation gap offers $56,642 in Instant Equity for savvy buyers. While maintaining a Condition Rating of 4, the home features soaring ceilings, mountain views, and a versatile ground-level bonus room. Located in the elite San Luis Coastal Unified district near Cal Poly, it balances architectural character with significant modernization upside. This is an ideal match for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2060 Skylark Lane Subject | $1,800,000* List Price | 3 | 3 | 2,774 | $669 | - |
A 1318 Mill Street Sold | $1,890,000 | 4 | 2 | 2,863 | $660 | 0.9 mi |
B 1987 Corralitos Drive Sold | $1,500,000 | 4 | 3 | 2,000 | $750 | 0.8 mi |
C 2021 Skylark Active | $1,700,000 List Price | 4 | 3 | 2,399 | $709 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974 and offered for the first time, this property is exceptionally well-maintained but retains many original mid-century features that are now dated. While the hardwood flooring appears updated and the kitchen includes a modern stainless steel refrigerator, the home features popcorn ceilings, original 1970s-style cabinetry, and older window systems. It is move-in ready but requires cosmetic and system modernization to meet current 'excellent' or 'good' quality standards.
Situated in one of San Luis Obispo’s most desirable neighborhoods, the property offers exceptional proximity to downtown, San Luis Obispo High School, and Cal Poly.
The custom design features soaring ceilings and dramatic floor-to-ceiling windows that flood the interior with natural light while showcasing stunning mountain views.
The inclusion of a ground-level bonus room with an ensuite bathroom provides excellent flexibility for multi-generational living, a home office, or a private guest suite.
Built in 1974 and on the market for the first time, the property likely requires significant capital investment to modernize original systems and cosmetic finishes.
A recent $100,000 price reduction suggests the initial listing price was aggressive, potentially indicating that the home's current condition does not fully align with top-of-market expectations.
Located in one of San Luis Obispo’s most desirable neighborhoods, just minutes from downtown, San Luis Obispo High School, and Cal Poly, this custom-designed 3-bedroom, 3-bathroom home with an additional bonus room is on the market for the very first time. Showcasing stunning views throughout, the home welcomes you at the entry with a versatile bonus room and ensuite bathroom—ideal for guests, a home office, or multi-generational living. Upstairs, soaring ceilings and dramatic floor-to-ceiling windows flood the home with natural light, creating an open and airy atmosphere. The kitchen features a large walk-in pantry and flows seamlessly into the dining and sitting areas, where French doors open to a spacious patio perfect for indoor-outdoor living. One wing of the home includes a separate laundry room, two bedrooms, and a full bathroom. The opposite side offers a second living area with a cozy wood-burning fireplace, leading to the primary bedroom with its own ensuite bathroom. Thoughtfully designed with multiple living spaces and a versatile layout, this home offers comfort, privacy, and timeless appeal in a prime San Luis Obispo location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,774 | 1,811 | 80% |
| Lot Size | 10,757 | 6,000 | 83% |
| Price | $1.80M | $1.19M | 80% |
| Price per sq ft | $649 | $647 | 51% |
| Built year | 1974 | 2002 | 25% |
| HOA | $0 | $32 | 47% |
| Days on market | 65 | 188 | 15% |
Mar 20, 2026
$1,800,000
$1,900,000
-5% Price Drop
Initial Listing
Feb 16, 2026
$1,900,000
Initial Listing