
San Luis Obispo, California 93401
This Historical 1922 Residence is listed at $1,065,000—positioned well below the $1,086,029 Fair Market Value by 1%. This valuation gap offers $21,029 in Instant Equity for buyers. While the home carries a Dated Condition Rating, its 9,333 sq ft lot, panoramic hill views, and back deck provide a solid foundation for forced appreciation. Located in the San Luis Coastal Unified district, the property balances vintage character with significant renovation potential. This is a strategic opportunity for Owner-Occupants seeking a value-add project or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2915 Johnson Subject | $999,000* List Price | 3 | 2 | 1,547 | $659 | - |
A 1415 Smith Sold | $825,000 | 3 | 2 | 1,674 | $493 | 0.3 mi |
B 544 Stoneridge Drive Sold | $1,077,500 | 3 | 2 | 1,717 | $628 | 0.9 mi |
C 1437 Smith Street Sold | $963,265 | 3 | 2 | 1,675 | $575 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1922, the property shows signs of mid-range renovations (vinyl windows, oak bathroom cabinetry) that appear to be 20-25 years old. While the home is well-maintained and move-in ready, the finishes are dated, and the presence of a portable AC unit suggests a lack of modern central HVAC systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9333, living area = 1547.
Built in 1922 and originally owned by the prominent Johnson family, this home features timeless architectural details, including arched transitions and a wood-burning fireplace.
The property sits on a generous 9,333 square foot parcel, providing ample outdoor space with large front and rear yards, a back deck, and a detached drywalled garage.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Given the home's 1922 construction, potential buyers should anticipate the maintenance and system updates typically required for a property of this vintage.
While charming, the interior may require additional investment for modernization to meet contemporary standards, as suggested by the invitation for a buyer's personal touch.
Originally owned by the prominent Johnson family of San Luis Obispo, this 1922 residence perfectly balances vintage character with an incredible location. Spanning 1,547 sq ft, the interior features three bedrooms, two bathrooms, and a layout defined by timeless architectural details. The light-filled living room boasts a wood-burning fireplace and classic arched transitions leading to a formal dining room and a versatile bonus space. Situated on an expansive parcel, the property offers generous front and rear yards, a detached drywalled garage, and ample on-site parking. Whether you are hosting on the back deck or adding your personal touch to the interior, this home is a rare opportunity to own a piece of local history.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 31% |
| Square foot | 1,547 | 1,860 | 20% |
| Lot Size | 9,333 | 5,767 | 82% |
| Price | $999.0K | $1.22M | 21% |
| Price per sq ft | $646 | $646 | 50% |
| Built year | 1922 | 2002 | 7% |
| HOA | $0 | $43 | 45% |
| Days on market | 53 | 140 | 8% |
May 24, 2026
$999,000
$1,065,000
-6% Price Drop
Initial Listing
Apr 24, 2026
$1,065,000
Initial Listing
May 21, 2018
$649,000
Public Record
Dec 27, 2006
$494,000
Public Record
Apr 4, 2003
$525,000
Public Record
Oct 18, 2000
$382,500
Public Record