2803 Garibaldi Avenue, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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2803 Garibaldi Avenue
San Luis Obispo, California 93401
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,497Sq Ft
1,497Lot Size
Property Price
LIST PRICE$810,000
EST. MARKET VALUE
$810,000
SUMMARY
This Prime Investment Opportunity is listed at $825,000, positioned well below the $843,175 Fair Market Value by 2%. This valuation gap provides $18,175 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home offers a turnkey interior with recent paint and carpet, while allowing for future modernization of original fixtures. Located in a top-tier district with access to San Luis Obispo High School, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Estimated Market Value
$810,000
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2803 Garibaldi Avenue Subject 3 bd · 3 ba · 1,497 sqft · $541 | $810,000* List Price | 3 | 3 | 1,497 | $541 | - |
A 1360 Laurel 3 Sold 3 bd · 2 ba · 1,552 sqft · $435 · 0.6 mi | $675,000 | 3 | 2 | 1,552 | $435 | 0.6 mi |
B 1060 Trevor Way Sold 3 bd · 3 ba · 1,756 sqft · $514 · 0.5 mi | $902,000 | 3 | 3 | 1,756 | $514 | 0.5 mi |
C 3591 Sacramento Drive 25 Sold 3 bd · 3 ba · 1,893 sqft · $454 · 0.7 mi | $860,000 | 3 | 3 | 1,893 | $454 | 0.7 mi |
D 2821 Garibaldi Active 3 bd · 3 ba · 1,639 sqft · $445 · 0.0 mi | $729,000 List Price | 3 | 3 | 1,639 | $445 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1999, the property is 25 years old and falls into the 'Fair' category. While the listing notes recent paint and carpet, the kitchen and bathrooms feature original oak cabinetry and dated tile countertops. The home is functional and clean but requires modernization of its primary surfaces and fixtures to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Schools
Situated in a highly desirable South San Luis Obispo neighborhood, this property offers excellent proximity to downtown and access to top-rated schools, including Hawthorne Elementary and San Luis Obispo High.
- Turnkey Condition
The home is move-in ready with recent professional updates, including fresh interior paint and new carpeting, providing a clean and modern aesthetic for immediate occupancy.
- Functional Modern Features
The layout is optimized for convenience with an upstairs laundry room, extensive built-in cabinetry, and a two-car garage featuring a dedicated outlet for a potential electric vehicle charger.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The $475 monthly association fee represents a significant recurring carrying cost, which may impact the overall affordability and debt-to-income ratio for some buyers.
- Limited Private Outdoor Space
With a lot size nearly identical to the building's square footage, the property lacks a traditional private backyard, relying instead on a front patio and community common areas.
About 2803 Garibaldi Avenue
Take another look! Mediterranean-styled community setting and so close to Downtown SLO! In the Villa Rosa complex is this sparkling clean expansive 3 bedroom 3 bath home. Generous front patio and upstairs deck off ensuite primary bedroom. Some highlights are abundant built-in cabinetry in convenient locations, fireplace, upstairs laundry, 2 car garage with outlet for potential car charger. Close to greenbelt and guest parking area. Recent paint and carpet install. South SLO Location is ideal for access to sought-after schools, airport, proximity to recreation and open space. Common areas include a sport court, play structure, picnic area, walking paths, attentively maintained landscaping. HOA of $475/mo. for exterior insurance and exterior maintenance makes for convenient living. Square footage source is County Records.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1999
- Lot Size
- 1,497 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $475.0 / Month
Neighborhood Insights
San Luis Obispo Unified Schools
Hawthorne Elementary School
Grades K-6 • 0.7 mi
7/10
Laguna Middle School
Grades 7-8 • 2.7 mi
7/10
San Luis Obispo High School
Grades 9-12 • 1.2 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.1 |
| Square foot | 1,497 | 1,139.484 |
| Lot Size | 1,497 | 1,191.161 |
| Price | $810.0K | $758.3K |
| Price per sq ft | $541 | $592 |
| Built year | 1999 | 1988 |
| HOA | $475.0 | $397 |
| Days on market | 88 | 62 |
Pricing History
Listed for Sale
Oct 13, 2026
$810,000
$825,000
-2% Price Drop
Initial Listing
Price Change
Jul 28, 2026
$825,000
Initial Listing
Sold
Mar 25, 2014
$450,000
Public Record
Sold
Dec 29, 2005
$535,000
Public Record
Sold
Sep 26, 2001
$313,000
Public Record
Sold
May 14, 1999
$200,000
Public Record