625 Toro Street 8, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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625 Toro Street 8
San Luis Obispo, California 93401
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,192Sq Ft
1,164Lot Size
Property Price
LIST PRICE$875,000
EST. MARKET VALUE
$908,772
3% BelowMARKET VALUE
SUMMARY
This Modern Turnkey Condominium is a High-Potential Investment Opportunity, listed at $875,000—positioned well below the $908,772 Fair Market Value by 3%. This valuation gap offers $33,772 in Instant Equity for the buyer. Featuring a 2019 Construction date and an Excellent Condition Rating, the unit includes a Private Patio and Quartz Countertops. Its proximity to Cal Poly and Downtown SLO ensures high rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, lifestyle-focused residence.
Estimated Market Value
$908,772+$33,772 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 8 Subject 3 bd · 3 ba · 1,192 sqft · $762 | $875,000* List Price | 3 | 3 | 1,192 | $762 | - |
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 625 Toro Street 5 Active 3 bd · 3 ba · 1,178 sqft · $743 · 0.0 mi | $875,000 List Price | 3 | 3 | 1,178 | $743 | 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 less than 10 years old and remains in mint condition. The interior features a modern open-concept kitchen with quartz countertops, contemporary bathrooms, and updated flooring. As a relatively new construction, all major systems including HVAC and electrical are modern and require no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just two blocks from Downtown San Luis Obispo and one mile from Cal Poly University, this property offers exceptional convenience for both owner-occupants and investors seeking high rental demand.
- Modern Turnkey Construction
Built in 2019, this contemporary condo features modern finishes like quartz countertops and pendant lighting, offering the benefit of newer construction with no immediate renovation needs.
- Low Association Fees
The HOA fee is among the lowest in the area for a professionally managed community, enhancing the property's long-term affordability and appeal to budget-conscious buyers.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At 1,192 square feet for a three-bedroom configuration, the interior living spaces and bedrooms may feel somewhat constrained for larger families or those requiring significant storage.
- Significant Price Appreciation
The list price of $875,000 represents a substantial increase from its 2019 sale price of $600,000, which may limit the immediate equity upside for short-term investors.
About 625 Toro Street 8
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
- 1,164 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 | 1,192 | 1,139.484 |
| Lot Size | 1,164 | 1,191.161 |
| Price | $875.0K | $758.3K |
| Price per sq ft | $734 | $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