2101 Johnson Avenue, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 0 bed, 0 bath
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San Luis Obispo, California 93401
This 3-unit property represents a Strong Value Opportunity, listed at $1,250,000—positioned above the $1,168,964 Fair Market Value. While priced at a premium, the asset offers significant income potential through its 3-unit configuration and High Available Lot Utilization. Featuring a Condition Rating of 3, the property provides a stable, move-in ready environment with private patios and decks. This versatile asset is ideal for Buy-and-Hold Investors seeking rental yields or Owner-Occupants looking to offset mortgage costs through onsite rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2101 Johnson Avenue Subject | $1,250,000* List Price | 0 | 0 | 1,727 | $677 | - |
A 544 Stoneridge Drive Sold | $1,077,500 | 3 | 2 | 1,717 | $628 | 1.0 mi |
B 2085 Fixlini Street Sold | $1,210,000 | 3 | 3 | 1,725 | $701 | 0.0 mi |
C 1126 Mill Sold | $1,010,000 | 3 | 2 | 1,562 | $647 | 1.0 mi |
D 1437 Smith Street Sold | $963,265 | 3 | 2 | 1,675 | $575 | 0.3 mi |
E 442 Buchon Sold | $1,195,000 | 3 | 2 | 1,353 | $883 | 1.0 mi |
F 592 Stoneridge Sold | $1,125,000 | 3 | 3 | 1,602 | $702 | 0.9 mi |
G 1462 Laurel Lane Pending | $1,175,000 List Price | 5 | 2 | 1,841 | $638 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready, featuring a 1939 main house with vintage charm and a contemporary duplex. While the kitchen cabinetry and some fixtures appear to be from a 15-20 year old renovation, they remain functional and are complemented by newer stainless steel appliances. The interiors are clean with updated flooring in the duplex units, though the use of portable AC units suggests the HVAC systems may not be fully modernized.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7250, living area = 1727.
This unique three-unit configuration, featuring a 2-bedroom main house and two loft-style studios, offers exceptional versatility for owner-occupants or investors seeking strong rental yields in a high-demand market.
Situated in a highly desirable neighborhood near Terrace Hill Open Space and Downtown San Luis Obispo, the property ensures long-term value appreciation and consistent tenant appeal due to its proximity to parks and urban amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1727, other record living area = 774.
With the main residence dating back to 1939, the property may require ongoing maintenance or upgrades to aging systems common in older homes to meet modern efficiency standards.
Totaling 1,727 square feet across three separate dwellings, the individual units are relatively small, which may limit the target demographic to single occupants or couples rather than larger households.
Exceptional investment opportunity in one of San Luis Obispo’s most desirable neighborhoods! This unique 3-unit property offers versatility, strong income potential, and an unbeatable location just moments from Terrace Hill Open Space, Sinsheimer Park, and vibrant Downtown San Luis Obispo. 2103 Johnson Avenue features a charming 2-bedroom, 1-bath single-level main home with an attached single-car garage, surrounded by mature landscaping that creates a warm and inviting entrance. Inside, vintage character shines through with hardwood floors, a cozy wood burning fireplace in the living room, and timeless appeal throughout. A private fenced back patio offers the perfect setting to relax, entertain, or unwind. At 2101 Johnson Avenue, the contemporary two-story duplex includes two stylish loft-style studio units designed for modern living. Each unit features an open-concept interior, loft bedroom, full bathroom, attached single-car garage, and both front and rear decks that seamlessly blend indoor and outdoor living spaces. An onsite laundry room adds convenience for all three units. Whether you choose to live in one unit while generating rental income from the others, or maximize returns by leasing all three, this property presents an outstanding opportunity in a highly sought-after San Luis Obispo location. Rarely does a multi-unit property combine charm, flexibility, and investment potential so effortlessly.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 3.0 | 2% |
| Square foot | 1,727 | 1,834.5 | 41% |
| Lot Size | 7,250 | 5,797 | 71% |
| Price | $1.25M | $1.23M | 53% |
| Price per sq ft | $724 | $646 | 69% |
| Built year | 1939 | 2002 | 9% |
| HOA | $0 | $45 | 43% |
| Days on market | 26 | 142 | 3% |
May 11, 2026
$1,250,000
Initial Listing
Dec 1, 2015
$630,000
Public Record
Apr 5, 1996
$255,000
Public Record