625 Toro Street 5, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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625 Toro Street 5
San Luis Obispo, California 93401
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,178Sq Ft
1,272Lot Size
Property Price
LIST PRICE$875,000
EST. MARKET VALUE
$932,137
6% BelowMARKET VALUE
SUMMARY
This Modern Turn-Key Condominium represents a Strong Value Opportunity, listed at $875,000—positioned well below the $932,137 Fair Market Value by 6%. This valuation gap provides $57,137 in Instant Equity for the buyer. With an Excellent Condition Rating and 2019 construction, the home features quartz countertops and a private patio. Its proximity to Cal Poly and Downtown SLO ensures high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, lifestyle-focused residence.
Estimated Market Value
$932,137+$57,137 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 |
|---|---|---|---|---|---|---|
★ 625 Toro Street 5 Subject 3 bd · 3 ba · 1,178 sqft · $791 | $875,000* List Price | 3 | 3 | 1,178 | $791 | - |
A 265 Bridge 104 Sold 2 bd · 3 ba · 1,134 sqft · $661 · 0.3 mi | $750,000 | 2 | 3 | 1,134 | $661 | 0.3 mi |
B 1415 Morro Street 9 Sold 2 bd · 2 ba · 1,199 sqft · $708 · 0.7 mi | $849,000 | 2 | 2 | 1,199 | $708 | 0.7 mi |
C 581 Higuera Street 204 Sold 1 bd · 1 ba · 1,100 sqft · $890 · 0.7 mi | $978,550 | 1 | 1 | 1,100 | $890 | 0.7 mi |
D 581 Higuera Street 308 Sold 1 bd · 1 ba · 925 sqft · $924 · 0.7 mi | $854,400 | 1 | 1 | 925 | $924 | 0.7 mi |
E 581 Higuera Street 304 Sold 1 bd · 1 ba · 1,100 sqft · $954 · 0.7 mi | $1,049,380 | 1 | 1 | 1,100 | $954 | 0.7 mi |
F 581 Higuera Street 203 Sold 1 bd · 1 ba · 1,100 sqft · $839 · 0.7 mi | $923,200 | 1 | 1 | 1,100 | $839 | 0.7 mi |
G 625 Toro Street 8 Active 3 bd · 3 ba · 1,192 sqft · $734 · 0.0 mi | $875,000 List Price | 3 | 3 | 1,192 | $734 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2019, this property is only 7 years old, placing it well within the 'Excellent' category. The interior features modern quartz countertops, contemporary white cabinetry, and updated fixtures. As a relatively new construction, the HVAC and electrical systems are modern, and the home is in mint, move-in-ready condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
Situated just two blocks from Downtown San Luis Obispo and one mile from Cal Poly University, this property offers exceptional walkability and high appeal for both owner-occupants and rental investors.
- Modern Turn-Key Construction
Built in 2019, this contemporary condo features desirable modern finishes including quartz countertops, an open-concept layout, and energy-efficient construction that minimizes immediate maintenance needs.
- Low Association Dues
The HOA fee is notably lower than many comparable developments in the area, enhancing monthly affordability and increasing the net cap rate for potential investment portfolios.
CONSRISKS & DEFICIENCIES
- Compact Interior Square Footage
With only 1,178 square feet to accommodate three bedrooms and three bathrooms, the living spaces and secondary bedrooms may feel restrictive for families or those requiring larger common areas.
- Limited Private Outdoor Space
The outdoor living is confined to a small private patio, which may be a drawback for buyers seeking a traditional yard or significant gardening space typical of single-family residences.
About 625 Toro Street 5
Welcome to the Courtyards at Toro, conveniently located about a mile to Cal Poly University and two blocks to Downtown San Luis Obispo. This beautiful condo is nicely tucked away towards the back of the community just steps away from a pocket garden and picnic area exclusively for residents. This development was built from the ground up in 2019 with this unit being the first ever re-sale on the market. The property is two stories total with a seamless and spacious layout between the living room and the private patio. The ground floor features a two car garage, living room with glass slider to the outdoor private patio, half bathroom, spacious walk-in closet/pantry, open concept kitchen with quartz countertops and pendant light fixtures, and lots of windows for abundant natural light. On the top floor is a spacious laundry nook with side by side washer/dryer and upper cabinets, primary bedroom suite with oversized walk in closet and full bathroom, two additional bedrooms, and another full bathroom. The HOA fee is among one of the lowest in the area and the common area spaces are professionally kept and managed. With its unique location and amenities, this condo is perfect for someone who wants Downtown SLO living or for an investor who is seeking a rental property near the university.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2019
- Lot Size
- 1,272 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $335.41 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.1 |
| Square foot | 1,178 | 1,139.484 |
| Lot Size | 1,272 | 1,191.161 |
| Price | $875.0K | $758.3K |
| Price per sq ft | $743 | $592 |
| Built year | 2019 | 1988 |
| HOA | $335.41 | $397 |
| Days on market | 24 | 62 |
Pricing History
Listed for Sale
Sep 30, 2026
$875,000
Initial Listing
Sold
Aug 30, 2019
$600,000
Public Record