701 Los Osos Valley, Los Osos, California 93402, Los Osos, 93402 - 7 bed, 4 bath
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Los Osos, California 93402
Analysis of 701 Los Osos Valley, Los Osos, California 93402 is currently available with a list price of $1,469,500. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Osos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1976, this multi-family property is well-maintained but shows significant signs of age. The kitchens and bathrooms feature dated cabinetry, older white or black appliances, and basic tile work consistent with renovations from 15-20 years ago. While functional and move-in ready, the interior finishes—including older carpeting, basic light fixtures, and traditional layouts—require modernization to meet current market standards for a higher condition rating.
This rare multi-family configuration allows an owner-occupant to live in the main 3-bedroom residence while generating significant rental income from the two duplex units to offset the mortgage.
Situated just half a mile from downtown Los Osos and Monarch Elementary, the property offers exceptional walkability to local amenities, parks, and scenic hiking trails.
The combination of a secluded main house with an attached garage and separate duplex units with private patios provides a level of privacy and functionality rarely found in multi-unit investments.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2985, other record living area = 1343. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
Built in 1976, the property may require capital improvements or modernization to the mechanical systems and interiors to remain competitive in the rental market.
Accommodating three separate residences on an 8,750 sqft lot may result in limited private outdoor space and potential parking congestion for multiple tenants.
Rare multi-family opportunity in the heart of Los Osos. This unique property features a secluded 3-bedroom, 2-bath main residence with an attached two-car garage. Also included is a duplex with two 2-bedroom, 1-bath units, each with its own outdoor patio. All residences are situated on 8750 sqft. centrally located lot just minutes from scenic hiking trails. An ideal and affordable living solution—occupy one unit while generating rental income from the others. Located just 0.5 miles from downtown Los Osos and close to the library, tennis courts, skate park, and Monarch Elementary School.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 67% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,985 | 2,458 | 67% |
| Lot Size | 8,750 | 6,250 | 67% |
| Price | $1.47M | $769.7K | 67% |
| Price per sq ft | $492 | $313 | 67% |
| Built year | 1976 | 1977 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 185 | 33% |
Feb 5, 2026
$1,469,500
Initial Listing
May 8, 2009
$530,000
Public Record
Jan 31, 2001
$359,000
Public Record