25 Chorro, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 2 bed, 1 bath
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San Luis Obispo, California 93405
This Mid-Century Value-Add Residence is a Strong Value Opportunity, listed at $849,000—positioned well below the $940,194 Fair Market Value by 9%. This valuation gap provides $91,194 in Instant Equity. Maintaining a Condition Rating of 3, the home features Granite Countertops, Mountain Views, and original knotty pine ceilings. Its prime location near Cal Poly and the San Luis Coastal Unified district drives significant rental appeal and lifestyle convenience. This is a premier choice for Owner-Occupants building wealth or Buy-and-Hold Investors seeking a high-demand asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25 Chorro Subject | $849,000* List Price | 2 | 1 | 950 | $990 | - |
A 71 Rafael Way Active Under Contract | $949,000 List Price | 3 | 2 | 1,160 | $818 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring several key updates including Luxury Vinyl Plank flooring and granite countertops in the kitchen and bathroom. While the home retains its 1957 character with original-style painted cabinetry and a wall heating unit, the interior has been refreshed to meet modern functional standards without the need for immediate renovation.
The property is ideally situated near Cal Poly, downtown San Luis Obispo, and local hiking trails, making it a highly desirable location for both students and professionals.
The home features unique mid-century charm with knotty pine beamed ceilings and a wood-burning fireplace, offering a warm aesthetic that stands out from modern cookie-cutter designs.
The lot is thoughtfully utilized with a covered patio, raised garden area, and separate lounging space, effectively extending the living area into the outdoors.
With only one bathroom for a two-bedroom home, the property may face functional challenges for households with multiple occupants or guests.
At 950 square feet, the interior footprint is relatively small, which may limit appeal for buyers seeking a home office or more spacious common areas.
Charming single level 2 bedroom, 1 bathroom home located near Cal Poly, downtown San Luis Obispo, restaurants and shopping. Built in 1957 and located on a 4,650 square foot parcel, this home offers 950 square feet of living space with a functional layout. The living room’s large picture windows bring in lots of natural light while the wood burning fireplace and brick surround provide a sense of warmth to the room. Knotty pine beamed ceilings are found in the living room and bedrooms, with Luxury Vinyl Plank flooring installed throughout the house, except for in the bedrooms. The eat-in kitchen offers granite counters and a pass through window to the living room, while both bedrooms are quite large and located near the back of the home. Off the living room, a sliding glass door opens up to a cozy covered patio, raised garden area and separate patio for lounging or fireside chats. The attached 1-car garage offers laundry hookups and storage. Great location easily accessible to the Cal Poly campus, groceries and coffee shops, as well as schools, hiking trails and more!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 1.0 | 3.0 | 7% |
| Square foot | 950 | 1,868.5 | 4% |
| Lot Size | 4,650 | 6,645 | 15% |
| Price | $849.0K | $1.26M | 11% |
| Price per sq ft | $894 | $698 | 91% |
| Built year | 1957 | 1971 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 141 | 4% |
Mar 19, 2026
$849,000
Initial Listing
Jul 6, 2012
$367,000
Public Record
Jun 27, 1997
$155,000
Public Record