256 Via San Blas, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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San Luis Obispo, California 93401
This 3-bedroom townhouse represents a High-Potential Investment Opportunity, listed at $779,900—positioned well above the $759,298 Fair Market Value by -2%. While the property requires a premium, its Fair Condition Rating is bolstered by recent laminate flooring and a prime location near Cal Poly and top-rated schools. Featuring a private patio, community pool/spa, and an end-unit layout, this home offers significant lifestyle appeal. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-located, functional residence in San Luis Obispo.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 256 Via San Blas Subject | $749,900* List Price | 3 | 3 | 1,565 | $482 | - |
A 269 Via San Blas Sold | $780,000 | 3 | 3 | 1,565 | $498 | 0.0 mi |
B 3203 Via Ensenada Sold | $685,000 | 2 | 3 | 1,389 | $493 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property falls into the 'Fair' category. While it features brand new laminate flooring downstairs and updated lighting, the kitchen and bathrooms appear dated with older tile countertops and cabinetry. The home is well-maintained and functional but requires cosmetic modernization to move beyond its original 30+ year-old aesthetic.
Centrally located in San Luis Obispo, this property offers exceptional proximity to downtown, Cal Poly, and public transit, making it a highly desirable spot for both residents and investors.
As an end unit with only one common wall, the home features vaulted ceilings and abundant natural light, providing a more private and spacious feel than typical townhomes.
The interior benefits from recent updates including newer laminate flooring and upgraded kitchen lighting, complemented by a large primary suite and a convenient two-car garage with direct access.
The community prohibits overnight parking in driveways, which may be inconvenient for multi-vehicle households or guests despite the availability of additional street parking.
A monthly association fee of $465 represents a significant ongoing expense that buyers must factor into their total monthly carrying costs.
Beautiful 2 story end unit home. 3 bedrooms - 2.5 bathrooms in very popular Margarita Villas planned urban community. All newer laminate flooring downstairs (6 months new). Shows light and bright with vaulted ceilings. Has separate dining area and breakfast bar. Kitchen has newer upgraded lighting. (no fluorescent) Has 1 bedroom downstairs and 1/2 bath with direct access to backyard with fabulous additional street parking. (No overnight parking in driveways) This makes it so convenient. Wood burning fireplace in living room. X-large primary bedroom with walk in closest, dual sinks and located in private area of home. 2 car garage with direct access to your home. Nestled within a beautiful neighborhood, with lots of trees and walkways. HOA includes community pool, spa. Great area for walking your pets. Located in the heart of San Luis Obispo, close to everything, downtown, transit transportation, Cal Poly. Refrigerator as is. Only 1 common wall with other unit.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,565 | 1,608 |
| Lot Size | 2,133 | 1,768 |
| Price | $749.9K | $809.1K |
| Price per sq ft | $479 | $515 |
| Built year | 1988 | 1997 |
| HOA | $465.0 | $400 |
| Days on market | 57 | 51 |
Jul 11, 2026
$749,900
$769,000
-2% Price Drop
Initial Listing
Jul 3, 2026
$769,000
$779,900
-1% Price Drop
Initial Listing
May 26, 2026
$779,900
Initial Listing
Jun 22, 2016
$469,500
Public Record
Feb 24, 2006
$520,000
Public Record