664 Toro Street, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 0 bed, 0 bath
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San Luis Obispo, California 93401
This Development-Ready Residential Asset is listed at $1,325,000, offering price stability aligned with its $1,310,550 Fair Market Value. Boasting a Condition Rating of 2, the turnkey main house features a remodeled kitchen and private patio, while the Separate Studio provides immediate rental income. The R3 Zoning presents a significant value-add opportunity to build three additional units or ADUs. Located in the San Luis Coastal Unified district with a View of Bishop's Peak, this property is a strategic acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 664 Toro Street Subject | $1,325,000* List Price | 0 | 0 | 1,259 | $1,041 | - |
A 442 Buchon Sold | $1,195,000 | 3 | 2 | 1,353 | $883 | 0.9 mi |
B 880 Buchon Street Sold | $1,225,000 | 2 | 2 | 1,174 | $1,043 | 0.6 mi |
C 1443 Iris Street Sold | $1,175,000 | 2 | 2 | 1,240 | $948 | 0.9 mi |
D 680 Howard Street Sold | $980,000 | 2 | 1 | 780 | $1,256 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a newly remodeled kitchen with modern concrete countertops and subway tile, along with an updated Jack-and-Jill bathroom including a new glass shower enclosure. Despite its 1930 build date, the home has been extensively renovated recently with professional landscaping and a newly plumbed firepit, making it move-in ready with high-quality contemporary finishes.
The property is zoned R3 and offers the significant value-add opportunity to build two additional units or up to three ADUs, making it an ideal choice for investors or those seeking multi-generational living.
Perfectly situated near the Cal Poly bike trail and within walking distance to downtown San Luis Obispo's shops and restaurants, the home offers high desirability and a view of Bishop's Peak.
The inclusion of a studio with a separate address, private entry, and its own fenced yard provides an immediate opportunity for rental income or a private guest suite.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1259, other record living area = 938.
The 1930s-built main house utilizes a Jack-n-Jill bathroom configuration, which may be seen as a drawback for buyers preferring more private or modern bathroom access.
The potential for expansion is subject to city code verification, placing the burden of proof and potential zoning hurdles on the buyer before development can begin.
ADD 3 MORE BEDROOMS TO EXISITING STRUCTURES OR 3 ADUs! * Buyer to verify with SLO City code. Adorable SLO cottage with updated features and a view of Bishop's Peak. Conveniently located near Cal Poly bike trail with walking bridge, you can walk to downtown San Luis Obispo's shops and restaurants. There is a studio in the back with a separate address and entry off the driveway behind the main house, with its own fenced in yard. The driveway is long and has plenty of parking which leads to a detached 2 car garage. This lot is zoned R3 and an additional two units may be built, to boost rental income! Entering the main house, you'll see living room with gas fireplace, and a door to the fenced in side yard. Enjoy a cozy night outside at the newly plumbed firepit. Professionally landscaped front yard with automatic sprinklers. The home has two bedrooms connected by a jack-n-jill bathroom updated with a new pedestal sink and glass shower enclosure. The kitchen is newly remodeled with concrete countertops and subway tile backsplash. Dining area has the original built-ins that add to the charm of this home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 3.0 | 2% |
| Square foot | 1,259 | 1,811 | 17% |
| Lot Size | 6,720 | 6,000 | 58% |
| Price | $1.32M | $1.19M | 58% |
| Price per sq ft | $1.1K | $647 | 96% |
| Built year | 1930 | 2002 | 7% |
| HOA | $0 | $32 | 47% |
| Days on market | 131 | 188 | 32% |
Feb 26, 2026
$1,325,000
Initial Listing
Dec 12, 2025
$1,375,000
Initial Listing
Aug 6, 2021
$1,025,000
Public Record
May 30, 2019
$600,000
Public Record
Jul 28, 2017
$686,000
Public Record
May 28, 1999
$230,000
Public Record
Mar 24, 1998
$210,000
Public Record