2061 Ward Street, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 2 bath
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San Luis Obispo, California 93401
This Turnkey Single-Family Residence is a High-Potential Investment Opportunity, listed at $1,399,900—positioned above the $1,306,016 Fair Market Value. Despite the premium, the property features a Condition Rating of 2 (Mint) following a comprehensive rehabilitation. With Zoning R2 and a generous 7,103 sqft lot, the home offers significant development potential for an ADU. Located in the San Luis Coastal Unified school district near downtown, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, move-in ready lifestyle with long-term value-add capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2061 Ward Street Subject | $1,399,900* List Price | 3 | 2 | 1,200 | $1,088 | - |
A 442 Buchon Sold | $1,195,000 | 3 | 2 | 1,353 | $883 | 0.3 mi |
B 785 Islay Sold | $995,000 | 2 | 1 | 853 | $1,166 | 0.3 mi |
C 2387 Boulevard Del Campo Sold | $1,015,000 | 3 | 2 | 1,074 | $945 | 0.6 mi |
D 2375 Boulevard Del Campo Sold | $1,039,375 | 3 | 2 | 1,074 | $968 | 0.6 mi |
E 417 High Active | $1,200,000 List Price | 2 | 1 | 937 | $1,281 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end rehabilitation with a modern open-concept kitchen, premium stainless steel appliances, and fully updated bathrooms with contemporary tile and fixtures, meeting the criteria for a recent renovation in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7103, living area = 1200.
The property is zoned R2 on a generous 7,103 sqft lot, offering significant value-add opportunities for an ADU or a second unit in a high-demand area.
Situated within walking distance to Historic Downtown San Luis Obispo and top-rated schools, providing an ideal blend of urban convenience and neighborhood tranquility.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7103, other record lot size in square feet = 7381.
The property was recently sold within the past year on 2025-09-29. The sold price is $904,000.00.
At nearly $1,400,000 for 1,200 square feet, the property carries a premium price tag that may exceed the budget of buyers looking for more interior volume.
Charm meets convenience in this delightful single-family rehabbed home. Step into a world of warmth and comfort as you enter the open concept living space, perfect for creating lasting memories with loved ones. Embrace the tranquility of custom features typically reserved only for high-end custom homes. With top-notch San Luis Coastal Unified schools and amenities just a stone’s throw away, this home the ideal blend of comfortable living and urban accessibility, walking distance to Historic Downtown San Luis Obispo and food and shopping! This property is zoned for R2, with a sizable lot, the opportunities for ADU or second unit. This home enjoyed a comprehensive rehabilitation, with exceptional detail to quality, function, and charming amenities. Your dream home awaits.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,200 | 1,846 |
| Lot Size | 7,103 | 5,168 |
| Price | $1.40M | $1.23M |
| Price per sq ft | $1.2K | $655 |
| Built year | 1938 | 1989 |
| HOA | $0 | $116 |
| Days on market | 21 | 48 |
Jul 1, 2026
$1,399,900
Initial Listing
Sep 29, 2025
$904,000
Public Record