
Los Osos, California 93402
This Spacious Coastal Residence represents a Strong Value Opportunity, listed at $1,495,000—positioned well below the $1,492,562 Fair Market Value (effectively at market stability). With a Condition Rating of 4, this original-owner home offers a prime canvas for modernization. The property features Panoramic Estuary and Mountain Views, a Half-Acre Lot, and an Oversized 3-Bay Garage. Located in the San Luis Coastal Unified School District, it is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a high-potential coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2636 San Ricardo Lane Subject | $1,495,000* List Price | 3 | 3 | 2,604 | $573 | - |
A 175 Marianela Sold | $1,525,000 | 4 | 4 | 2,548 | $599 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old), this original-owner home is well-maintained but dated. The kitchen features 90s-era oak cabinetry and laminate countertops, while the bedrooms show original carpeting and floral wallpaper borders. At nearly 30 years old, the systems and interior finishes are reaching the end of their typical lifecycle and require cosmetic and functional updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20000, living area = 2604.
Situated in the prestigious Cabrillo Estates, the property offers breathtaking views of the estuary, dunes, and mountains, providing a serene and high-value coastal backdrop.
The home features an oversized garage with a dedicated third bay for an RV or boat, complemented by extensive under-house storage and a workshop area, ideal for hobbyists.
Built in 1998 and offered for the first time by the original owner, the interior likely requires cosmetic updates to align with modern luxury design trends.
Marketed as a 'perfect canvas,' the property may require a significant additional investment for upgrades beyond the $1.495M purchase price to reach its full potential.
Set on a generous half-acre lot, this property captures the beautiful estuary, dunes and mountain views, creating a peaceful coastal backdrop. First time ever on the market, this cherished home presents a rare opportunity in the sought-after Cabrillo Estates of Los Osos, offering exceptional space, privacy and endless potential. Tucked away on a peaceful cul-de-sac, this +/- 2,604 square foot home features 3 bedrooms, 2.5 baths, 2 fireplaces, a spacious family room, and a separate living/dining room made for comfortable everyday living and entertaining. Designed and built by the original owner, the home has been cared for and offers the perfect canvas to make it uniquely your own. Abundant interior storage is complemented by extensive under-house storage with work area, and the over sized two-car garage includes an impressive third bay ideal for RV parking, a boat, workshop or additional vehicles. This is more than a home – it’s an opportunity to write the next chapter of a very special story in one of the Central Coast’s most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 5.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.7 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,604 | 1,489.077 |
| Lot Size | 20,000 | 6,263.462 |
| Price | $1.50M | $900.8K |
| Price per sq ft | $574 | $664 |
| Built year | 1998 | 1975 |
| HOA | $0 | $0 |
| Days on market | 42 | 40 |
Jul 29, 2026
$1,495,000
Initial Listing