31 Hathway Avenue, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 4 bed, 4 bath
31 Hathway Avenue
San Luis Obispo, California 93405
Property Price
SUMMARY
Analysis of 31 Hathway Avenue, San Luis Obispo, California 93405 reveals a property with a current list price of $2,140,000, which is 11% above the estimated $1,917,744 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Luis Obispo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Hathway Avenue Subject | $2,140,000* List Price | 4 | 4 | 3,200 | $599 | - |
A 2306 Santa Ynez Avenue Sold | $2,225,000 | 4 | 5 | 3,982 | $559 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1988, this architecturally significant home has been well-maintained but remains largely in its original state. While the 'post-modern icon' design is high-quality, the kitchen and bathrooms feature styles and finishes consistent with the late 1980s rather than modern standards. Per the criteria, the property is over 20 years old without a recent major renovation, making it functional but showing signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Unrivaled Campus Proximity
Sharing a direct boundary with Cal Poly and situated steps from the Recreation Center, this property offers a 'once-in-a-lifetime' location ideal for faculty, university staff, or student-focused investors.
- Architectural Significance
Designed by renowned Cal Poly Architecture professors, this post-modern icon features soaring ceilings, walls of glass, and masterful geometric forms that create a unique, legacy-quality living environment.
- Versatile Income Potential
The lower level is pre-configured with a kitchenette and full bath, offering a seamless path to creating a separate two-bedroom apartment for significant rental income or multi-generational use.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10890, other record lot size in square feet = 10775.
- Regulatory Contingencies
The conversion of the bonus space into a legal secondary unit is subject to buyer verification of local codes and conformity, which may present permitting hurdles or additional costs.
- High-Activity Environment
Being immediately adjacent to a major university recreation center and campus boundary may result in increased pedestrian traffic and ambient noise, potentially deterring buyers seeking total seclusion.
About 31 Hathway Avenue
Architectural masterpiece, Post modern icon, bordering Cal Poly campus. Designed and built as their forever home by a renowned husband and wife team, both longtime Architecture and Landscape Architecture Professors, Emeritus, at Cal Poly San Luis Obispo. The stunning 3200 square-foot post modern residence is a masterful piece of art, seamlessly, blending bold, geometric forms, soaring ceilings, walls of glass, and luxury quality finishes. Every detail reflects decades of academic expertise and passion for design. Ceiling glass windows flood the interiors with natural light while extensive living spaces flow effortlessly to dramatic outdoor decks and take you to meticulously crafted outdoor spaces. This is a rare, once in a lifetime location. The property literally shares a boundary with the Cal poly and sits immediately adjacent to the new state of the art Cal Poly Recreation Center. Walk or bike to the campus in seconds. Perfect for faculty, staff or students, or anyone who wants to live steps from campus. This is not just a home. It's a legacy property, a piece of Cal Poly history. Properties of this architectural significance and location simply do not come available. Ideal for discerning buyers in academia, Cal Poly faculty or investors seeking an extraordinary rental unit steps from the heart of Cal Poly. It's adjacent proximity to Cal Poly campus makes it one of the closest residences sharing a property line with the campus. Just a few steps from the Recreation Center. The large downstairs bonus room is designed with a kitchenette and full bathroom. It is set up to be divided into a two bedroom apartment with its own entrance on the side. This modification would create a spacious two bedroom apartment, IN ADDITION, to a three bedroom 2.5 bath house. (Local codes and conformity to be determined by buyers). From the upstairs deck there are views of both Madonna mountain and Bishop's Peak. There is also, a year round creek that flows through the backyard. Don't miss this rare opportunity to own this extrordanary work of art.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 3,200 | 2,148 | 80% |
| Lot Size | 10,890 | 7,254 | 73% |
| Price | $2.14M | $1.23M | 86% |
| Price per sq ft | $669 | $632 | 53% |
| Built year | 1988 | 1977 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 158 | 158 | 51% |
Pricing History
Listed for Sale
Feb 26, 2026
$2,140,000
Initial Listing
Price Change
Sep 30, 2025
$2,250,000
Initial Listing