2821 Garibaldi, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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2821 Garibaldi
San Luis Obispo, California 93401
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,639Sq Ft
1,744Lot Size
Property Price
LIST PRICE$759,000
EST. MARKET VALUE
$795,031
4% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a 3-bedroom Condominium listed at $759,000, positioned well below the $795,032 Fair Market Value by 4%. This valuation gap provides $36,032 in Instant Equity. With a Condition Rating of 4, the property offers a functional layout with high ceilings and a private balcony, though it requires modernization. Located in the San Luis Coastal Unified district, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through cosmetic updates.
Estimated Market Value
$795,031+$36,031 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2821 Garibaldi Subject | $759,000* List Price | 3 | 3 | 1,639 | $485 | - |
A 1060 Trevor Way Sold | $902,000 | 3 | 3 | 1,756 | $514 | 0.5 mi |
B 3591 Sacramento Drive 25 Sold | $860,000 | 3 | 3 | 1,893 | $454 | 0.7 mi |
C 2221 King Court 12 Sold | $647,000 | 2 | 2 | 1,192 | $543 | 0.8 mi |
D 2230 Exposition 47 Sold | $575,000 | 2 | 2 | 1,026 | $560 | 0.9 mi |
E 769 Mutsuhito Avenue Active | $599,000 List Price | 2 | 3 | 1,396 | $429 | 0.1 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, this 27-year-old property is in original condition with dated oak cabinetry, white tile countertops, and older flooring. While the listing describes it as clean and functional, the kitchen and bathrooms have not been renovated and require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Functional Interior Design
The 1,639-square-foot layout features high ceilings, an open floor plan, and a convenient upstairs laundry area near all bedrooms, maximizing modern livability.
- Desirable Location
Situated in the Villa Rosa Complex, the property offers excellent proximity to top-rated schools, downtown shopping, Central Coast wineries, and local beaches.
- Primary Suite Amenities
The spacious primary bedroom includes a large walk-in closet and a private balcony with wooded views, providing a premium private retreat.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $475 adds a significant recurring expense to the cost of ownership compared to non-associated properties.
- Limited Private Outdoor Space
With a lot size of only 1,744 square feet, the property offers minimal private yard space, which may be a drawback for buyers seeking outdoor versatility.
About 2821 Garibaldi
Clean 3 bedroom, 2.5 Bath Condominium in the Villa Rosa Complex. This 1,639-square-foot condo features high ceilings, an open floor plan, and an attached two-car garage. The large primary bedroom includes a spacious walk-in closet and a private balcony. The laundry area is conveniently located upstairs near all three bedrooms. This Condo is located close to restaurants, cafes, shopping centers, beaches, and wineries on the beautiful Central Coast.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1999
- Lot Size
- 1,744 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 • 1.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,639 | 1,160.348 |
| Lot Size | 1,744 | 1,245.13 |
| Price | $759.0K | $768.4K |
| Price per sq ft | $463 | $591 |
| Built year | 1999 | 1991 |
| HOA | $475.0 | $417 |
| Days on market | 21 | 64 |
Pricing History
Listed for Sale
Aug 19, 2026
$759,000
Initial Listing
Sold
May 21, 1999
$196,000
Public Record