701 Los Osos Valley, Los Osos, California 93402, Los Osos, 93402 - 7 bed, 4 bath
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701 Los Osos Valley
Los Osos, California 93402
ACTIVE
CONDITION: FAIR
7Beds
4Baths
2,985Sq Ft
8,750Lot Size
Property Price
LIST PRICE$1,429,000
SUMMARY
Analysis of 701 Los Osos Valley, Los Osos, California 93402 is currently available with a list price of $1,429,000. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
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.
- Prime Central Location
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.
- Versatile Layout
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Aging Infrastructure
Built in 1976, the property may require capital improvements or modernization to the mechanical systems and interiors to remain competitive in the rental market.
- High Density on Lot
Accommodating three separate residences on an 8,750 sqft lot may result in limited private outdoor space and potential parking congestion for multiple tenants.
About 701 Los Osos Valley
Rare Multi-Family Opportunity in the Heart of Los Osos Discover a unique and versatile multi-family property offering three separate residences on an approximately 8,500-square-foot lot. The secluded 3-bedroom, 2-bath main residence features an attached two-car garage, while the adjacent duplex offers two 2-bedroom, 1-bath units, each with its own private outdoor patio. New roofs were installed on both the duplex and single-family residence in August 2026, providing an important recent improvement for the next owner. Ideally located just 0.5 miles from downtown Los Osos, this property is close to the library, tennis courts, skate park, Monarch Elementary School, and scenic hiking trails. Whether you're looking for a multi-generational living arrangement, an investment opportunity, or a way to offset your housing costs, this property offers exceptional flexibility.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1976
- Lot Size
- 8,750 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Osos Unified Schools
Monarch Grove Elementary School
Grades K-5 • 0.5 mi
8/10
Los Osos Middle School
Grades 6-8 • 1.4 mi
7/10
Morro Bay High School
Grades 9-12 • 4.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.0 |
| Baths | 4.0 | 2.5 |
| Square foot | 2,985 | 1,689 |
| Lot Size | 8,750 | 4,687.5 |
| Price | $1.43M | $922.0K |
| Price per sq ft | $479 | $553 |
| Built year | 1976 | 1964 |
| HOA | $0 | $0 |
| Days on market | 216 | 131 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,429,000
$1,469,500
-3% Price Drop
Initial Listing
Price Change
Feb 5, 2026
$1,469,500
Initial Listing
Sold
May 8, 2009
$530,000
Public Record
Sold
Jan 31, 2001
$359,000
Public Record