334 Margarita Avenue, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 2 bath
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334 Margarita Avenue
San Luis Obispo, California 93401
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,909Sq Ft
6,000Lot Size
Property Price
LIST PRICE$1,060,000
EST. MARKET VALUE
$1,090,000
SUMMARY
This Single-Family Residence is a Strong Value Opportunity, listed at $1,090,000—positioned well below the $1,109,991 Fair Market Value by 1.8%. This valuation gap offers $19,991 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Tesla solar system and a versatile bonus room. Located in the San Luis Coastal Unified School District, it offers a prime lifestyle for Owner-Occupants and first-time buyers seeking a move-in ready home with long-term appreciation potential.
Estimated Market Value
$1,090,000
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 |
|---|---|---|---|---|---|---|
★ 334 Margarita Avenue Subject | $1,060,000* List Price | 3 | 2 | 1,909 | $571 | - |
A 333 Sage Sold | $1,160,000 | 3 | 3 | 1,824 | $636 | 0.1 mi |
B 3004 Arezzo Sold | $1,160,000 | 3 | 3 | 1,927 | $602 | 0.2 mi |
C 3145 Calle Jazmin Sold | $960,000 | 4 | 2 | 1,412 | $680 | 0.1 mi |
D 362 Calle Lupita Sold | $865,000 | 3 | 2 | 1,412 | $613 | 0.1 mi |
E 3061 Arezzo Sold | $1,360,000 | 3 | 3 | 1,957 | $695 | 0.3 mi |
F 3062 Arezzo Dr Sold | $1,199,000 | 3 | 3 | 1,935 | $620 | 0.2 mi |
G 3016 Arezzo Drive Sold | $1,085,000 | 3 | 3 | 1,567 | $692 | 0.2 mi |
H 544 Stoneridge Drive Sold | $1,077,500 | 3 | 2 | 1,717 | $628 | 0.7 mi |
I 3238 Cherry Lane Active | $1,150,000 List Price | 3 | 2 | 1,746 | $659 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1972, the property is well-maintained and move-in ready with significant updates. It features a recently renovated bathroom with modern subway tile and fixtures, updated flooring and recessed lighting in living areas, and a modern Tesla solar system. The kitchen is functional but dated with older appliances and cabinetry, preventing an 'excellent' rating, but the overall condition exceeds the 'fair' threshold.
PROSSTRENGTHS & OPPORTUNITIES
- Sustainable Energy Integration
The property includes a Tesla solar system, providing a modern, eco-friendly solution that significantly reduces monthly electricity expenditures for the homeowner.
- Versatile Single-Story Floor Plan
With 1,909 sq. ft. of single-level living space and a flexible bonus room, the layout is ideal for buyers seeking accessibility and a dedicated space for a home office or third bedroom.
- Prime Location and Education
Located in the desirable South San Luis Obispo area, the home offers proximity to downtown amenities and access to the highly-rated San Luis Coastal Unified School District.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Age of Construction
Built in 1972, the property may require capital improvements or cosmetic updates to compete with the modern finishes and energy standards of newer builds in the area.
- Non-Traditional Third Bedroom
The third bedroom is a 'versatile bonus room,' which may lack the formal closet space or privacy expected by buyers specifically searching for a standard three-bedroom residence.
About 334 Margarita Avenue
Welcome to 334 Margarita Ave, a charming single-story home offering 1,909 sq. ft. of comfortable, functional living space. Featuring 2 bedrooms, a versatile bonus room (ideal as a 3rd bedroom or home office), and 2 full bathrooms, this light-filled floor plan flows seamlessly from the welcoming living area into the kitchen and dining space. Step outside to a spacious, well-maintained backyard with mature fruit trees and ample room for outdoor dining, gardening, and relaxation. Additional highlights include a Tesla solar system for low electricity costs, an attached 2-car garage, and generous driveway parking. Ideally situated in South San Luis Obispo, just minutes from local parks, schools, downtown dining, and Central Coast beaches.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Luis Obispo Unified Schools
Hawthorne Elementary School
Grades K-6 • 1.0 mi
7/10
Smith (C. L.) Elementary School
Grades K-6 • 1.4 mi
6/10
Laguna Middle School
Grades 7-8 • 1.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,909 | 1,868.778 |
| Lot Size | 6,000 | 6,365.978 |
| Price | $1.06M | $1.27M |
| Price per sq ft | $555 | $676 |
| Built year | 1972 | 1986 |
| HOA | $0 | $91 |
| Days on market | 48 | 49 |
Pricing History
Listed for Sale
Aug 12, 2026
$1,060,000
$1,090,000
-3% Price Drop
Initial Listing
Price Change
Jul 23, 2026
$1,090,000
Initial Listing
Sold
Aug 6, 2021
$710,000
Public Record