550 Highland, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 4 bed, 2 bath
550 Highland
San Luis Obispo, California 93405
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Highland Subject | $1,400,000* List Price | 4 | 2 | 1,891 | $719 | - |
A 24 Verde Drive Sold | $1,230,000 | 3 | 2 | 1,633 | $753 | 0.4 mi |
B 644 Jeffrey Drive Sold | $1,350,000 | 3 | 2 | 1,807 | $747 | 0.3 mi |
C 133 N Tassajara Drive Sold | $1,071,000 | 3 | 3 | 1,694 | $632 | 0.3 mi |
D 128 Cerro Court Sold | $1,380,000 | 3 | 3 | 2,302 | $599 | 0.6 mi |
E 165 Cerro Romauldo Avenue Sold | $1,140,000 | 4 | 2 | 1,420 | $803 | 0.5 mi |
F 87 E Foothill Sold | $994,000 | 4 | 2 | 1,318 | $754 | 0.7 mi |
G 380 Christina Active | $1,589,000 List Price | 6 | 3 | 1,846 | $861 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and benefits from significant recent capital improvements, including a new roof, new windows, and updated siding. While the interior—specifically the kitchen and bathrooms—reflects a more dated aesthetic with tile countertops and older appliances, the home is well-maintained with clean flooring and functional systems, requiring no immediate renovations for occupancy.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Location
Situated just minutes from California Polytechnic State University, this property is in a high-demand area for both student rentals and faculty housing, ensuring strong long-term appreciation and low vacancy rates.
- Recent Capital Improvements
The home features significant recent upgrades including new windows, roof work, and siding, which reduces immediate maintenance costs and improves the building's energy efficiency and curb appeal.
- Generous Lot and Parking
The property sits on a sizable 6,448 sqft lot with a large fenced backyard and provides ample parking with a 2-car garage plus 2 off-street driveway spaces, a rare and valuable asset in this neighborhood.
CONSRISKS & DEFICIENCIES
- Potential Interior Dating
Built in 1962, the interior may require cosmetic modernizations to the kitchen and bathrooms to align with the $1.4M price point and contemporary buyer expectations.
- Premium Market Pricing
The high list price reflects the prime location near campus, which may result in a lower initial cap rate for investors compared to properties in less central San Luis Obispo neighborhoods.
About 550 Highland
Spacious 4-bedroom, 2-bath single-family home ideally located just minutes from California Polytechnic State University. With a functional and well-designed floor plan, this property offers generous bedroom sizes, very large common living areas and abundant natural light throughout. The kitchen provides ample cabinet storage and workspace. The home has recently been upgraded with new windows throughout as well as roof and siding work. The floorplan layout makes excellent use of space, offering flexibility for a variety of living arrangements. It is situated on a sizable lot with a large, fenced back yard, large private front yard and two side yards. The home offers a 2-car garage and a driveway that provides 2 additional off-street parking spaces. The home is located in a highly desirable location close to campus, shopping, dining and transportations. A fantastic real estate investment opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 6,448 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,891 | 2,133 | 39% |
| Lot Size | 6,448 | 7,240 | 39% |
| Price | $1.40M | $1.23M | 65% |
| Price per sq ft | $740 | $632 | 65% |
| Built year | 1962 | 1965 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 157 | 2% |
Pricing History
Listed for Sale
Feb 20, 2026
$1,400,000
Initial Listing
Sold
Jul 28, 2010
$455,000
Public Record