365 N Chorro, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 2 bed, 2 bath
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San Luis Obispo, California 93405
This Condominium represents a Strong Value Opportunity, listed at $599,000—positioned slightly above the $593,551 Fair Market Value. While the property requires modernization, its Condition Rating of 4 is offset by recent capital improvements like new flooring and appliances. The unit offers high rental demand near Cal Poly, providing a stable Buy-and-Hold Investment profile. With a private patio and two covered parking spaces, this asset is well-suited for Buy-and-Hold Investors or first-time buyers seeking a high-demand location in San Luis Obispo.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 365 N Chorro Subject | $599,000* List Price | 2 | 2 | 1,032 | $575 | - |
A 55 Stenner M Sold | $594,000 | 2 | 2 | 1,025 | $580 | 0.6 mi |
B 1239 E Foothill Boulevard 108 Sold | $700,000 | 2 | 2 | 1,228 | $570 | 0.6 mi |
C 55 Stenner Street N Active | $595,000 List Price | 2 | 2 | 1,025 | $580 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property is nearly 40 years old. While it features recent surface-level improvements like new flooring, appliances, and a water heater, the kitchen cabinetry and bathrooms remain significantly dated and original to the construction, requiring modernization to meet current market standards.
Situated near Cal Poly and local amenities, the property boasts high rental demand with comparable units fetching up to $4,200/month, making it an excellent opportunity for investors.
The condo features several recent upgrades, including new flooring, modern appliances, and a new hot water heater, reducing immediate maintenance needs for the new owner.
The unit includes two covered parking spaces located directly outside the back entrance and a private patio with a storage closet, offering rare convenience for a condominium.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1032, other record lot size in square feet = 971. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1032, other record living area = 971.
With 85 days on the market and three consecutive price reductions from the original $639,000, the property has faced challenges in securing a buyer at its initial price points.
The association fee of $475.20 per month represents a significant recurring carrying cost that may impact buyer affordability and overall investment yield.
Vacant and ready for new owners, act now and schedule a tour today! Welcome to Alta Vista Woods, highly desirable San Luis Obispo condo located conveniently close to Cal Poly, shopping, restaurants and more! Providing 2 bedrooms and 1.5 bathrooms, this lovely home is ideally located and ready for you to make it your own! Additional features include a nice back patio with a storage closet and 2 covered parking spaces directly outside your back entrance. See improvements list, including items over recent years like new flooring, new appliances, new hot water heater and more! Enjoy the warmth and ambiance of the cozy living room fireplace after returning home from a nice stroll to all the close by amenities our beautiful SLO Life has to offer! A comparable unit near campus recently rented for $4,200/month with high rental demand and low vacancy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,032 | 1,306 |
| Lot Size | 1,032 | 1,451 |
| Price | $599.0K | $708.5K |
| Price per sq ft | $580 | $558 |
| Built year | 1985 | 1997 |
| HOA | $475.2 | $342 |
| Days on market | 97 | 51 |
Jul 10, 2026
$599,000
$609,000
-2% Price Drop
Initial Listing
Jun 11, 2026
$609,000
$619,000
-2% Price Drop
Initial Listing
Apr 26, 2026
$619,000
$639,000
-3% Price Drop
Initial Listing
Apr 16, 2026
$639,000
Initial Listing
Feb 9, 2022
$485,000
Public Record
Sep 30, 2016
$383,000
Public Record
Jun 12, 1998
$130,000
Public Record