417 High, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 1 bath
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San Luis Obispo, California 93401
This R2-Zoned Residential Property represents a High-Potential Investment Opportunity, listed at $1,200,000—positioned well above the $1,061,033 Fair Market Value by 13%. While priced at a premium, the property features a Condition Rating of 3 and significant development upside, including a detached garage engineered for a future ADU. Located in the San Luis Coastal Unified district, this asset offers rare expansion potential on a 6,900 sqft lot. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value through strategic development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 417 High Subject | $1,200,000* List Price | 2 | 1 | 937 | $1,169 | - |
A 1628 Nipomo Street Sold | $1,150,000 | 2 | 1 | 1,116 | $1,030 | 0.2 mi |
B 1516 Toro Street Sold | $925,000 | 2 | 1 | 1,008 | $918 | 0.7 mi |
C 785 Islay Sold | $995,000 | 2 | 1 | 853 | $1,166 | 0.3 mi |
D 2387 Boulevard Del Campo Sold | $1,015,000 | 3 | 2 | 1,074 | $945 | 0.8 mi |
E 2375 Boulevard Del Campo Sold | $1,039,375 | 3 | 2 | 1,074 | $968 | 0.8 mi |
F 2061 Ward Street Active | $1,399,900 List Price | 3 | 2 | 1,200 | $1,167 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1921, the home shows signs of a comprehensive renovation likely within the 5-15 year range. The interior features well-maintained hardwood flooring, updated paint, and visible central HVAC vents. The kitchen is functional and clean with white cabinetry, though the appliances and countertops are slightly dated. The exterior is in excellent condition with newer siding, a well-maintained porch, and professional landscaping, making it fully move-in ready.
The R2-zoned lot features a detached garage with a foundation specifically engineered for a future ADU, providing a turnkey opportunity for expansion or rental income.
Ideally situated in a highly sought-after neighborhood just minutes from downtown San Luis Obispo, offering exceptional walkability to restaurants, shopping, and parks.
The 6,900-square-foot lot is generous for the area, providing significant room for outdoor living, gardening, or further residential customization.
At only 937 square feet with a 2-bedroom, 1-bathroom layout, the interior footprint is small and may require expansion to suit modern lifestyle needs.
Built in 1921, the home likely requires updates to its century-old systems and finishes to meet contemporary standards for efficiency and comfort.
Ideally located in one of San Luis Obispo’s most sought-after neighborhoods, this charming 2-bedroom, 1-bath home offers a rare combination of character, location, and future potential. There is also an additional utility room off of the garage that provides the perfect space for an office, workout room, play room etc. Just minutes from the heart of downtown, the property sits on a spacious lot that provides room to grow while enjoying the convenience of nearby restaurants, shopping, parks, and local amenities. Situated on an R2-zoned lot, the property presents exciting opportunities for expansion, additional income potential, or multi-generational living. The detached garage was thoughtfully completed with a foundation engineered to support a future ADU, adding significant value and flexibility for the next owner. The generous lot offers ample space for outdoor living, gardening, or further customization, making it easy to create a property tailored to your vision. Whether you're seeking a charming primary residence, an investment opportunity, or a home with room for future development, this is a rare opportunity in a highly desirable San Luis Obispo location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 937 | 1,846 |
| Lot Size | 6,900 | 5,168 |
| Price | $1.20M | $1.23M |
| Price per sq ft | $1.3K | $655 |
| Built year | 1921 | 1989 |
| HOA | $0 | $116 |
| Days on market | 44 | 48 |
Jun 8, 2026
$1,200,000
Initial Listing
Jan 28, 2005
$480,000
Public Record