
San Luis Obispo, California 93405
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $599,000—positioned above the $571,972 Fair Market Value. Despite the premium, the property offers a Condition Rating of 2, featuring comprehensive renovations including new flooring, appliances, and electrical systems. Its location at the northern end of Cedar Creek provides unmatched proximity to Cal Poly, making it a premier asset for rental demand. With a 3-bedroom configuration, in-unit laundry, and creek views, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready student housing solution.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25 Stenner A Subject | $599,000* List Price | 2 | 2 | 1,050 | $545 | - |
A 55 Stenner Street N Active | $595,000 List Price | 2 | 2 | 1,025 | $580 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone a comprehensive renovation within the last year. Upgrades include brand-new flooring, appliances, and paint throughout. Critical systems have been addressed with a new water heater and electrical outlets brought to code. Both bathrooms were fully revitalized with new inserts and fixtures, meeting the criteria for a recent high-quality renovation with no immediate maintenance needed.
Situated at the northernmost end of the Cedar Creek community, this unit is the closest available to Cal Poly San Luis Obispo, making it an ideal walk-to-campus location for students and a high-demand rental asset.
The property has been meticulously renovated with brand-new flooring, fresh paint, updated electrical, new appliances, and fully revitalized bathrooms, offering a move-in-ready experience with no immediate capital expenditure required.
This ground-floor corner unit offers a unique three-bedroom configuration, rare in-unit laundry, and two designated parking spots right outside the door, providing functional advantages that are difficult to find within the complex.
With 140 days on market and three consecutive price reductions from the original $645,000, the property has faced significant market resistance, which may impact perceived value during negotiations.
The $550 monthly association fee represents a substantial recurring expense that may strain the debt-to-income ratio for first-time buyers or reduce the net cap rate for potential investors.
Welcome to 25 Stenner: A rare 3 bedroom (two + bonus bedroom) fully upgraded, ground-floor corner unit in the highly sought-after Cedar Creek condominium community. Located in the most northern end of Cedar Creek, this unit is closest to Cal Poly San Luis Obispo for those walking to campus. This light, bright, three-bedroom, two-bathroom floor plan is incredibly difficult to find, making it a premier choice for convenient student living or a high-performing rental property. Designed with academics in mind, the spacious bedrooms feature ample closet space and a unique bonus nook perfectly suited for a study desk. The entire home has been meticulously transformed with the following upgrades: brand-new flooring throughout the unit; fresh paint on every wall, ceiling, baseboard, trim, and interior door; new baseboards, new hardware on the front door and multiple newly installed interior doors, brand-new water heater, new recessed lighting in kitchen that extends down the hallway, electrical outlets brought fully up to code, brand-new appliances including an over-the-range microwave; both bathrooms have been completely revitalized featuring brand-new shower and tub inserts, new toilets, updated vanity lights, and modern faucets. Lastly, included is a rare in-unit washer and dryer. In this condo, serene views of the neighboring creek create a peaceful, natural backdrop to the main living areas, while a private patio with a dedicated outdoor storage closet provides the ideal space for relaxing and securing items. Another rare feature for Cedar Creek are two designated parking spots conveniently located right outside your door, alongside fantastic community amenities that include built-in barbecues and a swimming pool. Whether you are looking to secure the perfect, worry-free college home for your student or seeking a robust, move-in-ready asset in a fiercely competitive rental market, this beautifully upgraded Cedar Creek condo delivers unparalleled value, location, and peace of mind. ***Seller will consider offering a $5,000 credit towards Buyer's closing costs to help offset lender fees, HOA fees, etc.***
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,050 | 1,160.348 |
| Lot Size | 1,050 | 1,245.13 |
| Price | $599.0K | $768.4K |
| Price per sq ft | $570 | $591 |
| Built year | 1985 | 1991 |
| HOA | $550.0 | $417 |
| Days on market | 182 | 64 |
May 3, 2026
$599,000
$615,000
-3% Price Drop
Initial Listing
Apr 23, 2026
$615,000
$625,000
-2% Price Drop
Initial Listing
Apr 8, 2026
$625,000
$645,000
-3% Price Drop
Initial Listing
Mar 11, 2026
$645,000
Initial Listing
Jun 20, 2023
$585,000
Public Record
Jun 25, 2004
$319,000
Public Record
Aug 7, 2001
$213,000
Public Record
Feb 7, 1996
$68,000
Public Record