392 Christina Way, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 3 bed, 1 bath
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392 Christina Way
San Luis Obispo, California 93405
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,174Sq Ft
5,455Lot Size
Property Price
LIST PRICE$895,000
EST. MARKET VALUE
$926,634
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $895,000—positioned well below the $926,635 Fair Market Value by 3%. This valuation gap offers $31,635 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full rehab, yet the generous corner lot and detached 2-car garage provide significant upside for expansion or ADU development. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project near Cal Poly.
Estimated Market Value
$926,634+$31,634 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 392 Christina Way Subject 3 bd · 1 ba · 1,174 sqft · $789 | $895,000* List Price | 3 | 1 | 1,174 | $789 | - |
A 131 Ramona Drive Sold 3 bd · 1 ba · 1,003 sqft · $937 · 0.4 mi | $940,000 | 3 | 1 | 1,003 | $937 | 0.4 mi |
B 71 Rafael Way Sold 3 bd · 2 ba · 1,160 sqft · $849 · 0.4 mi | $985,000 | 3 | 2 | 1,160 | $849 | 0.4 mi |
C 137 E Foothill Boulevard Active 3 bd · 1 ba · 1,003 sqft · $886 · 0.3 mi | $889,000 List Price | 3 | 1 | 1,003 | $886 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1953 with minimal maintenance since purchase. The property shows significant cosmetic distress including peeling paint and worn hardwood, utilizes dated wall heating, and lacks modern essentials like laundry hookups, necessitating a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Ideally situated in close proximity to Cal Poly, elementary schools, and Highway 1, offering high demand for both owner-occupants and rental investment.
- Development Potential
The generous corner lot combined with a detached two-car garage provides excellent opportunities for expansion or the addition of an Accessory Dwelling Unit (ADU).
- Value-Add Opportunity
As a nearly-original 1950s home, this property serves as a blank canvas for investors or buyers looking to build significant equity through modern renovations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5455, other record lot size in square feet = 5716.
- Deferred Maintenance
The property has seen minimal maintenance since the 1950s, suggesting that significant capital expenditure will be required for structural and system upgrades.
- Lack of Essential Amenities
The absence of laundry hookups is a notable functional deficiency that will require additional plumbing and electrical work to meet modern living standards.
About 392 Christina Way
At the intersection of opportunity and vintage San Luis Obispo, is this nearly-original 3 bedroom home with detached 2 car garage on a generous corner lot. Inspection reports are available for property condition, reflecting minimal maintenance since purchase in the 1950’s. Bath and kitchen have had updates since original construction. No laundry hookups. Ask your agent about available documents and property showing conditions. Positioned in proximity to elementary schools, Cal Poly, and Hwy 1. Square footage source is County Records.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 5,455 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,174 | 1,906.09 |
| Lot Size | 5,455 | 6,523.766 |
| Price | $895.0K | $1.28M |
| Price per sq ft | $762 | $683 |
| Built year | 1953 | 1986 |
| HOA | $0 | $86 |
| Days on market | 11 | 49 |
Pricing History
Listed for Sale
Oct 13, 2026
$895,000
Initial Listing