
San Luis Obispo, California 93401
This property presents a Prime Investment Opportunity with a List Price of $475,000—positioned well below the $485,748 Fair Market Value by 2%. This valuation gap offers $10,748 in Instant Equity. Featuring a Condition Rating of 4, the unit is functional but dated, offering significant potential for cosmetic upgrades. With its End-Unit Privacy, private balcony, and proximity to Cal Poly, this is a high-demand asset for Buy-and-Hold Investors or first-time buyers seeking a well-connected, value-add property in San Luis Obispo.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 680 Chorro Street 1 Subject 2 bd · 1 ba · 878 sqft · $553 | $475,000* List Price | 2 | 1 | 878 | $553 | - |
A 570 Peach 13 Sold 2 bd · 2 ba · 918 sqft · $615 · 0.2 mi | $565,000 | 2 | 2 | 918 | $615 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (46 years old) with no recorded renovations, the property is dated but functional. Interior photos show original popcorn ceilings, older wall heaters, and 1980s-style finishes. While move-in ready and well-maintained, the kitchen, bathroom, and systems require updates to meet modern standards.
Situated just blocks from Downtown SLO and a mile from Cal Poly, this property offers exceptional walkability and convenience for students, faculty, and urban professionals.
As a second-floor end-unit, the home benefits from increased privacy, additional natural light, and a private covered balcony that extends the living space outdoors.
The inclusion of two covered parking spaces and a separate private storage room provides significant practical value that is often rare for condominiums in this price point and location.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =878, other record lot size in square feet = 27256.
The $465 monthly association fee represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
With two bedrooms but only one bathroom, the layout may be less appealing to roommates or small families, potentially narrowing the pool of interested buyers compared to 2-bath units.
Just blocks from Downtown San Luis Obispo and approximately one mile from Cal Poly, this 2-bedroom, 1-bath end-unit condo in the desirable Peachwood complex puts the best of SLO within easy reach. Located on the second floor, the 878-square-foot home offers a functional floor plan with a spacious living area, a dining area connected to the kitchen, and a convenient pass-through that keeps the spaces connected. The living room opens to a private covered balcony, creating a natural spot for morning coffee, outdoor sitting or simply enjoying some fresh air. Both bedrooms offer ample storage, while two covered parking spaces and separate private storage room provide added practicality. Beyond the property itself, the location is a major part of the appeal, with dining, shopping, entertainment, local events and the SLO Farmers' Market all nearby, along with public transportation, bike paths and convenient access to Highway 101. Whether you're looking for a home close to Cal Poly, a low-maintenance base near Downtown, or an opportunity to enjoy more of San Luis Obispo without being far from where you want to be, this Peachwood condo offers a well-connected place to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.1 |
| Square foot | 878 | 1,139.484 |
| Lot Size | 878 | 1,191.161 |
| Price | $475.0K | $758.3K |
| Price per sq ft | $541 | $592 |
| Built year | 1980 | 1988 |
| HOA | $465.0 | $397 |
| Days on market | 22 | 62 |
Oct 2, 2026
$475,000
Initial Listing