3203 Via Ensenada, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 3 bath
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San Luis Obispo, California 93401
This Value-Add Townhouse is listed at $650,000, compared to a $607,761 Fair Market Value. Holding a Fair Condition Rating, the property requires "TLC" and is offered "as-is," providing a clear path for forced appreciation through interior modernization. This End-Unit features a desirable layout with a Park-Like View and access to community Pool and Spa amenities. Situated near Cal-Poly and San Luis Obispo High School, the location commands high demand. This is a strategic acquisition for Fix-and-Flip Investors or first-time buyers looking to build equity in a prime market.
Property is moderate renovation needed.
Built in 1987, the property is functional but largely original, featuring dated oak cabinetry, white tile countertops, and older appliances. The listing explicitly mentions the need for 'TLC' and an 'as-is' sale, which aligns with the fair category's criteria for homes over 20 years old with mostly original components and signs of being outdated.
Conveniently located near Downtown San Luis Obispo, Cal-Poly, and top-rated schools, making it an ideal spot for both residents and rental opportunities.
As a coveted end unit in the Margarita Villas, this property offers increased privacy and a more spacious feel compared to standard interior units.
Residents benefit from well-maintained common areas, including a pool, spa, and park-like grounds, with exterior maintenance covered by the HOA.
The property is explicitly listed as needing 'TLC' and is being sold in 'as-is' condition, requiring immediate additional investment for repairs and modernization.
The requirement for no 'sight unseen' offers may limit the buyer pool, particularly for out-of-area investors or those looking for a quick, remote acquisition.
Perfect for investor or first time buyers looking for opportunity. Needs a bit of TLC and this spacious and coveted end unit in the beautifully maintained Margarita Villas will SING! The pictures speak best for this lovely property. Easy access to amenities including pool and spa, park-like grounds and many walkable treelined pathways. Conveniently located to nearby Downtown SLO, parks, shopping and Cal-Poly. HOA covers exterior maintenance and common areas. Offered in "as is" condition. No "sight unseen" offers please.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 1.7 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,389 | 1,619 | 33% |
| Lot Size | 1,986 | 1,895 | 56% |
| Price | $650.0K | $785.0K | 11% |
| Price per sq ft | $468 | $493 | 11% |
| Built year | 1987 | 2022 | 11% |
| HOA | $230.0 | $340 | 11% |
| Days on market | 23 | 163 | 11% |
Mar 30, 2026
$650,000
Initial Listing
Jul 10, 2009
$385,000
Public Record
Dec 11, 2007
$435,000
Public Record
May 11, 1998
$185,000
Public Record