495 N Chorro, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 3 bed, 3 bath
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San Luis Obispo, California 93405
This Modern Triple-Ensuite Condominium is a Prime Investment Opportunity, listed at $838,000—positioned well below the $860,483 Fair Market Value by 2%. This valuation gap provides $22,483 in Instant Equity. Boasting a Condition Rating of 3, the property features a rare layout with three private suites, Granite Countertops, and a Private Deck with Bishop Peak views. Located steps from the Cal Poly entrance within the San Luis Coastal Unified district, it offers unmatched rental demand. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 495 N Chorro Subject | $838,000* List Price | 3 | 3 | 1,296 | $664 | - |
A 1185 E Foothill Active | $743,000 List Price | 2 | 2 | 1,238 | $600 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008 (18 years old), this property falls squarely into the 10-20 year age bracket. It is well-maintained and move-in ready, featuring functional granite countertops, stainless steel appliances, and wood laminate flooring that appear to be in good condition despite the original 2008 styling.
Located just steps from the Cal Poly Highland Entrance, this property is situated in a high-demand area, ensuring consistent rental appeal and strong long-term investment potential.
The rare floor plan featuring three spacious bedrooms each with its own private full bathroom offers maximum privacy and flexibility, making it ideal for shared living or student housing.
The inclusion of an oversized 2-car garage plus additional on-site parking provides significant value and convenience in a dense residential neighborhood where parking is often limited.
The $450 monthly association fee adds a notable recurring expense that impacts the overall monthly carrying costs and net ROI for potential investors.
As a condominium with a small lot footprint, the property offers limited private outdoor area beyond the deck, which may be a drawback for buyers seeking a traditional yard.
Prime location just steps from the Highland Entrance to Cal Poly! This recently built and well-maintained condo features a rare layout with three spacious ensuite bedrooms, each with its own full bathroom, offering privacy and flexibility ideal for shared living. The main living area includes wood laminate flooring, granite countertops, stainless steel appliances, and a cozy fireplace, with access to a private deck showcasing incredible views of Bishop Peak. An oversized 2-car garage with laundry and storage, plus on-site parking, adds everyday convenience. Located in the desirable Bella Vista six-unit development built in 2008, this property is just minutes from restaurants, shopping, parks, and daily amenities, making it an excellent opportunity for investors seeking a low-maintenance property in a high-demand location near campus. Better hurry at this price!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 67% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,296 | 1,174 | 58% |
| Lot Size | 1,102 | 1,130 | 42% |
| Price | $838.0K | $669.2K | 83% |
| Price per sq ft | $647 | $584 | 92% |
| Built year | 2008 | 1986 | 58% |
| HOA | $450.0 | $422 | 50% |
| Days on market | 4 | 154 | 8% |
Apr 18, 2026
$838,000
Initial Listing
Nov 26, 2008
$3,000
Public Record