
San Luis Obispo, California 93401
This Turnkey Dual-Income Asset is listed at $1,595,000, positioned above the $1,392,940 Fair Market Value. Despite the premium, the property offers a rare, fully renovated Condition Rating of 2, featuring a 3-bedroom main home and a 1-bedroom secondary unit rebuilt to the studs in 2024. With R2 Zoning and a prime location near Cal Poly, this property provides immediate, high-demand rental income. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated house-hack in a high-growth market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 667 671 Howard Street Subject | $1,595,000* List Price | 0 | 0 | 1,714 | $813 | - |
A 671 Howard Street Active | $1,645,000 List Price | 0 | 0 | 1,714 | $960 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was rebuilt to the studs in 2024, placing it well within the <5-year renovation window for excellent condition. It features brand-new kitchens with quartz countertops and stainless steel appliances, modern bathrooms with updated tile work, and new systems including mini-split HVAC units in every room and a direct-vent fireplace.
Featuring two fully remodeled units (3-bed and 1-bed) rebuilt to the studs in 2024, this property offers immediate, high-demand rental income within walking distance to Cal Poly and downtown SLO.
The interior boasts durable LVP flooring, quartz countertops, and energy-efficient mini-splits in every room, paired with a low-maintenance exterior featuring synthetic turf and pavers.
Situated on a generous 6,850 sqft R2-zoned lot, the property provides significant future development potential or expansion opportunities beyond the existing two units.
With a list price of $1,595,000 for 1,714 total square feet, the property commands a premium price point that may challenge some investment yield expectations.
The total square footage is divided between two separate units, resulting in relatively compact individual living spaces that may not appeal to buyers seeking a large, traditional single-family residence.
Two fully remodeled units on a generous R2-zoned lot, walking distance from Cal Poly and downtown San Luis Obispo makes for a turnkey income opportunity. The main 3-bedroom home was rebuilt to the studs in 2024 with durable finishes throughout — quartz counters, LVP flooring, mini-splits in every room, a programmable direct-vent fireplace, and quality appliances. The outdoor space is equally low-lift with synthetic turf and paver patio. A matching 1-bedroom secondary unit, finished to the same standard, gives you two independent income streams on one lot — each with its own appeal to the SLO rental pool. The R2 zoning leaves room for additional upside if you want to explore it down the road.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,714 | 1,846 |
| Lot Size | 6,850 | 5,168 |
| Price | $1.59M | $1.23M |
| Price per sq ft | $931 | $655 |
| Built year | 1920 | 1989 |
| HOA | $0 | $116 |
| Days on market | 23 | 48 |
Jun 29, 2026
$1,595,000
Initial Listing
Jul 21, 2022
$875,000
Public Record