2387 Boulevard Del Campo, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 2 bath
2387 Boulevard Del Campo
San Luis Obispo, California 93401
Property Price
SUMMARY
Analysis of 2387 Boulevard Del Campo, San Luis Obispo, California 93401 reveals a property with a current list price of $960,000, which is 3% above the estimated $927,149 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Luis Obispo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2387 Boulevard Del Campo Subject | $960,000* List Price | 3 | 2 | 1,074 | $863 | - |
A 1226 Briarwood Drive Sold | $880,000 | 3 | 2 | 1,150 | $765 | 0.7 mi |
B 1282 Woodside Drive Sold | $1,050,000 | 3 | 2 | 1,249 | $841 | 0.6 mi |
C 2516 Greta Place Sold | $905,000 | 3 | 1 | 1,224 | $739 | 0.2 mi |
D 442 Buchon Sold | $1,195,000 | 3 | 2 | 1,353 | $883 | 0.9 mi |
E 880 Buchon Street Sold | $1,225,000 | 2 | 2 | 1,174 | $1,043 | 0.8 mi |
F 2545 Greta Place Sold | $1,000,000 | 2 | 1 | 1,340 | $746 | 0.2 mi |
G 2375 Boulevard Del Campo Active Under Contract | $1,125,000 List Price | 3 | 2 | 1,074 | $1,047 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1960, the property has been well-maintained and updated to move-in ready condition. The kitchen features modern stainless steel appliances and updated countertops, and the bathrooms show contemporary tiling and vanities. The consistent flooring and clean interior finishes indicate the home has undergone significant renovations within the last 5 to 15 years, meeting the criteria for a 'good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is currently leased at $3,900 per month through July 2026, providing investors with guaranteed, stable cash flow and a turnkey investment opportunity.
- ADU Development Potential
With a generous 5,870 square foot lot and a detached garage, the property offers significant potential to add value and increase density by constructing an Accessory Dwelling Unit (ADU).
- Prime Central Location
Ideally situated in San Luis Obispo near shopping, parks, schools, and a local hospital, the location ensures high desirability and long-term appreciation for both tenants and future owners.
CONSRISKS & DEFICIENCIES
- Occupancy Restrictions
The existing lease agreement through July 2026 prevents immediate owner-occupancy, which may deter traditional homebuyers looking for a primary residence.
- Compact Living Area
At 1,074 square feet for a three-bedroom home, the interior footprint is relatively small and may feel cramped or require modernization to meet contemporary standards.
About 2387 Boulevard Del Campo
2387 Boulevard del Campo is a 1,074 square foot house on a 5,870 square foot lot with 3 bedrooms and 2 bathrooms. Currently on a lease to July 2026 This charming property is located in a neighborhood close to shopping, parks, schools and a local hospital. This home features 3-bedroom, 2-bathroom offers 1,074 square feet of comfortable living space on a spacious 5,870 square foot lot. Large back yard with a detached garage giving a potential buyer opportunities for a possible adu? The property features a functional floor plan with well-proportioned bedrooms, ample natural light, and a layout ideal for both everyday living and entertaining. Situated on a generously sized lot, the outdoor space provides room for relaxing, gardening, or future customization. Investment Opportunity: The home is currently tenant-occupied with a lease at $3,900.00 / month that is in place through July 2026, making it an excellent opportunity for investors seeking stable rental income.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 5,870 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,074 | 1,722 | 15% |
| Lot Size | 5,870 | 6,000 | 48% |
| Price | $960.0K | $1.17M | 27% |
| Price per sq ft | $894 | $660 | 84% |
| Built year | 1960 | 1994 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 177 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$960,000
Initial Listing
Sold
Sep 1, 2022
$118,136
Public Record