667 671 Howard, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 4 bed, 3 bath
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667 671 Howard
San Luis Obispo, California 93401
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
3Baths
1,705Sq Ft
6,850Lot Size
Property Price
LIST PRICE$1,500,000
EST. MARKET VALUE
$1,184,203
26% AboveMARKET VALUE
SUMMARY
This Dual-Residence Property represents a High-Potential Investment Opportunity, listed at $1,500,000—positioned above the $1,184,204 Fair Market Value. While priced for its turnkey status, the property features a 2024 Studs-Up Renovation and R-2 Zoning, offering significant long-term flexibility. With a Mint Condition Rating, the main home and permitted ADU provide immediate, stable rental income. Located within walking distance to Cal Poly and downtown, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, income-generating lifestyle in a prime San Luis Obispo location.
Estimated Market Value
$1,184,203
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 |
|---|---|---|---|---|---|---|
★ 667 671 Howard Subject 4 bd · 3 ba · 1,705 sqft · $695 | $1,500,000* List Price | 4 | 3 | 1,705 | $695 | - |
A 1208 Pismo Sold 4 bd · 3 ba · 1,836 sqft · $980 · 0.6 mi | $1,800,000 | 4 | 3 | 1,836 | $980 | 0.6 mi |
B 1879 San Luis Drive Sold 4 bd · 2 ba · 2,200 sqft · $761 · 0.7 mi | $1,675,000 | 4 | 2 | 2,200 | $761 | 0.7 mi |
C 975 Broad Street Sold 3 bd · 3 ba · 1,809 sqft · $760 · 0.6 mi | $1,375,000 | 3 | 3 | 1,809 | $760 | 0.6 mi |
D 1628 Nipomo Street Sold 2 bd · 1 ba · 1,116 sqft · $1,030 · 1.0 mi | $1,150,000 | 2 | 1 | 1,116 | $1,030 | 1.0 mi |
E 1560 Phillips Lane Active 3 bd · 3 ba · 1,848 sqft · $756 · 0.3 mi | $1,398,000 List Price | 3 | 3 | 1,848 | $756 | 0.3 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.
The property was meticulously rebuilt from the studs in 2024, featuring brand new plumbing, electrical, and Samsung mini-split HVAC systems. Both the main house and ADU offer modern kitchens and bathrooms with high-end finishes, meeting the criteria for mint condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The property features two meticulously renovated homes on a single lot, including a permitted ADU currently generating $2,845/month in guaranteed rental income through July 2027.
- Comprehensive 2024 Renovation
Both residences were taken down to the studs and rebuilt with modern infrastructure, including updated plumbing, electrical, and high-efficiency Samsung mini-split HVAC systems for turnkey living.
- Strategic Location & Zoning
Ideally situated within walking distance to Cal Poly and downtown SLO, the R-2 zoning provides significant long-term investment value and development flexibility.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1705, other record living area = 860. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Absence of Views
The property lacks the scenic or panoramic views often expected at this price point in the San Luis Obispo market, which may limit its appeal to certain lifestyle buyers.
- Fixed Lease Commitment
The ADU is committed to a tenant until mid-2027, restricting immediate occupancy for multi-generational use or the ability to adjust rents to market rates in the near term.
About 667 671 Howard
Welcome to 667 & 671 Howard Street. Two beautifully renovated homes on one property in the heart of San Luis Obispo. The approximately 1,140 sq. ft. 3-bedroom, 2-bath Craftsman both residences were taken down to the studs and meticulously rebuilt in 2024, including updated plumbing and electrical, stylish modern finishes, Samsung Quantum 2.0 mini-split heating and cooling throughout, and a high-end Fireplace Xtrordinair gas fireplace. The fully detached, permitted 1-bedroom, 1-bath ADU offers its own living room, laundry hookups, private yard and excellent separation from the main home. Currently leased through July 31, 2027 at $2,845/month, it provides immediate rental income and added flexibility for an investor, extended family or future guest space. Walking distance to Cal Poly and downtown SLO’s restaurants, shops and entertainment, with easy freeway access, ample off-street parking and a large carport. R-2 zoning adds another layer of long-term potential. Two turnkey residences, one exceptional San Luis Obispo location and a rare opportunity to combine lifestyle, flexibility and income.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 6,850 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 4.0 | 3.1 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,705 | 1,906.09 |
| Lot Size | 6,850 | 6,523.766 |
| Price | $1.50M | $1.28M |
| Price per sq ft | $880 | $683 |
| Built year | 1920 | 1986 |
| HOA | $0 | $86 |
| Days on market | 21 | 49 |
Pricing History
Listed for Sale
Oct 3, 2026
$1,500,000
Initial Listing
Sold
Jul 21, 2022
$875,000
Public Record