662 Osos Street, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 4 bed, 4 bath
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San Luis Obispo, California 93401
Analysis of 662 Osos Street, San Luis Obispo, California 93401 is currently available with a list price of $799,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Luis Obispo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1920 and explicitly described as requiring major repairs and renovations. The kitchen and bathrooms are severely dated with 30+ year old aesthetics, and the listing highlights its potential for redevelopment or a full rehab, indicating significant deferred maintenance and likely system updates needed.
Nestled in the heart of vibrant downtown San Luis Obispo, this property offers exceptional walkability and scenic views of the Cerro San Luis peak.
Zoned for Office/Residential with a 2.00 density allowance and rear easement access, providing significant opportunities for expansion or redevelopment on a 5,000 sqft lot.
The triplex layout, featuring three separate units including a detached studio, offers multiple revenue streams or flexible living arrangements in a high-demand rental market.
The 1920s structure requires major repairs and significant capital investment to modernize the units and bring them up to current market standards.
Sold in as-is condition, which may limit traditional financing options and requires the buyer to assume all risks regarding the property's current physical state.
This 1920s triplex property offers potential for renovation, investment and development, nestled in vibrant downtown San Luis Obispo with views of Cerro San Luis peak. Triplex includes: attached 2 BED/2 BA unit with attached 1-car garage, attached studio/1 BA unit, and a small detached rear studio/1 BA unit. Zoned Office (Residential on Commercial RES-NEC) and situated on a spacious 5,000 square foot lot. The backyard offers ample space and convenient additional access via an easement off Walnut St. Per the City of SLO Planning, the lot has a density allowance of at least 2.00 density units, opening the door to possibilities for expansion or redevelopment. Buyer to verify development potential with the City of SLO. While this property requires major repairs and renovations, it's priced to reflect its as-is sale condition, making this a rare opportunity in downtown San Luis Obispo.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.5 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 1,334 | 2,694 | 25% |
| Lot Size | 5,000 | 7,134 | 25% |
| Price | $799.0K | $1.58M | 25% |
| Price per sq ft | $599 | $553 | 50% |
| Built year | 1920 | 1925 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 149 | 25% |
Apr 21, 2026
$799,000
$849,000
-6% Price Drop
Initial Listing
Mar 10, 2026
$849,000
Initial Listing
Sep 15, 1995
$80,000
Public Record