45 Stenner, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 2 bed, 2 bath
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San Luis Obispo, California 93405
This condominium presents a High-Potential Investment Opportunity with a List Price of $589,000—positioned above the $544,843 Fair Market Value. While the property requires modernization due to its Fair Condition Rating, its proximity to Cal Poly ensures consistent rental demand. The unit features in-unit laundry, two dedicated parking spaces, and community pool access. This asset is best suited for Buy-and-Hold Investors targeting the student housing market or first-time buyers seeking a value-add project in a prime San Luis Obispo location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45 Stenner Subject | $589,000* List Price | 2 | 2 | 1,152 | $473 | - |
A 55 Stenner M Sold | $594,000 | 2 | 2 | 1,025 | $580 | 0.0 mi |
B 1239 E Foothill Boulevard 108 Sold | $700,000 | 2 | 2 | 1,228 | $570 | 0.1 mi |
C 55 Stenner Street N Active | $595,000 List Price | 2 | 2 | 1,025 | $580 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1985 (39 years old) and the listing lacks any mention of recent renovations. Visual evidence shows dated interior finishes including popcorn ceilings and older carpeting, placing it in the >30-year category which typically requires significant rehab of original systems and kitchens/baths.
Situated just moments from Cal Poly San Luis Obispo, this property offers exceptional rental demand and long-term investment potential within a highly sought-after student housing corridor.
As an upper-level end-unit, the home provides enhanced privacy, reduced noise from neighbors, and increased natural light compared to interior or lower-level units.
The inclusion of in-unit laundry and two dedicated parking spaces provides a significant competitive advantage over other local condominiums that often lack these practical necessities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1152, other record lot size in square feet = 1025. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1152, other record living area = 1025.
The $550 monthly association fee is a substantial recurring expense that impacts overall affordability and may reduce net cash flow for potential investors.
Built in 1985, the property may require modernization of systems or cosmetic updates to compete with newer developments and meet contemporary energy efficiency standards.
Ideally located in the highly sought-after Cedar Creek community, 45 Stenner Street #K offers the perfect blend of convenience and investment potential just moments from California Polytechnic State University. This spacious upper-level end-unit condominium features two generously sized bedrooms and two full bathrooms. The bright and open floor plan is enhanced by abundant natural light. Both oversized bedrooms offer ample space and privacy, while the functional layout is perfect for roommates or guests. Enjoy the convenience of in-unit laundry, two dedicated parking spaces, and access to desirable community amenities including a swimming pool and beautifully maintained grounds. Just a short walk or bike ride to Cal Poly, shopping, dining, downtown San Luis Obispo, and nearby hiking trails, this property provides exceptional accessibility to everything the Central Coast lifestyle has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,152 | 1,228 | 46% |
| Lot Size | 1,152 | 1,228 | 46% |
| Price | $589.0K | $700.0K | 38% |
| Price per sq ft | $511 | $570 | 23% |
| Built year | 1985 | 1987 | 46% |
| HOA | $550.0 | $383 | 77% |
| Days on market | 5 | 143 | 8% |
Jun 1, 2026
$589,000
Initial Listing
Oct 1, 2004
$326,000
Public Record
Aug 15, 2003
$288,000
Public Record
May 28, 1999
$130,000
Public Record
Aug 21, 1995
$80,000
Public Record
Feb 8, 1995
$132,000
Public Record