32 Rafael, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 4 bed, 2 bath
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San Luis Obispo, California 93405
This Turnkey Hybrid Property is a Strong Value Opportunity, listed at $1,100,000—positioned slightly above the $1,094,483 Fair Market Value. While priced at market, the property offers significant utility through a permitted ADU, providing a versatile Income-Generating Asset. Featuring a Mint Condition Rating with recent renovations and modern finishes, this residence is ideal for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking to offset mortgage costs in the highly desirable San Luis Coastal Unified school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32 Rafael Subject | $1,100,000* List Price | 4 | 2 | 1,280 | $855 | - |
A 165 Cerro Romauldo Avenue Sold | $1,140,000 | 4 | 2 | 1,420 | $803 | 0.4 mi |
B 321 Jeffrey Drive Sold | $1,130,000 | 3 | 3 | 1,450 | $779 | 0.3 mi |
C 298 Ramona Drive Sold | $1,120,000 | 5 | 2 | 1,736 | $645 | 0.1 mi |
D 512 Dartmouth Sold | $1,275,000 | 4 | 3 | 1,611 | $791 | 0.5 mi |
E 25 Chorro Sold | $825,000 | 2 | 1 | 950 | $868 | 0.5 mi |
F 24 Verde Drive Sold | $1,230,000 | 3 | 2 | 1,633 | $753 | 0.1 mi |
G 504 Cuesta Drive Sold | $1,260,000 | 4 | 3 | 1,578 | $798 | 0.4 mi |
H 811 Mission Sold | $1,295,000 | 3 | 2 | 1,674 | $774 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1942, the property has undergone a comprehensive recent renovation (likely <5 years) featuring fresh paint, new laminate wood flooring, and a modern kitchen with stainless steel appliances. The addition of a newer permitted ADU with high-end finishes further confirms its mint, move-in-ready condition.
The inclusion of a newer, permitted ADU with its own kitchen and bathroom provides exceptional flexibility for rental income or multi-generational living, significantly offsetting mortgage costs.
Situated in a highly desirable neighborhood just minutes from Cal Poly and downtown San Luis Obispo, the property ensures strong long-term demand and a quintessential Central Coast lifestyle.
The home features thoughtful renovations, including fresh interior paint and modern laminate wood flooring throughout, offering a move-in-ready experience for owner-occupants or investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1280, other record living area = 920. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The main residence contains three bedrooms but only one bathroom, which may be a functional drawback for larger families or high-occupancy rental scenarios.
Originally constructed in 1942, the property may have older underlying plumbing or electrical systems that do not meet the efficiency standards of modern builds despite recent cosmetic updates.
Welcome to this charming and thoughtfully renovated home nestled in one of San Luis Obispo's most desirable neighborhoods. This 3 bedroom 1 bathroom residence has been freshly painted and features beautiful laminate wood flooring throughout, a great kitchen with an adjacent dining area perfect for entertaining, and a spacious backyard ideal for relaxing or outdoor gatherings. The property includes a newer permitted ADU complete with a beautifully appointed kitchen and bathroom, offering excellent flexibility for extended family, guests or additional rental income. Whether you are an owner occupant looking to offset your mortgage or an investor seeking a turnkey income property, this home delivers exceptional value. Located just minutes from Cal Poly, downtown San Luis Obispo, shopping, dining and the area's renowned outdoor recreation, this property offers the quintessential SLO lifestyle in a wonderfully established neighborhood. A rare opportunity to own a versatile property in one of the Central Coast's most sought after communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,280 | 1,846 |
| Lot Size | 5,500 | 5,168 |
| Price | $1.10M | $1.23M |
| Price per sq ft | $859 | $655 |
| Built year | 1942 | 1989 |
| HOA | $0 | $116 |
| Days on market | 27 | 48 |
Jun 25, 2026
$1,100,000
Initial Listing
May 29, 2015
$550,000
Public Record
Jul 13, 2007
$550,000
Public Record
Aug 29, 2005
$500,000
Public Record