701 Woodland Drive, Los Osos, California 93402, Los Osos, 93402 - 3 bed, 2 bath
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Los Osos, California 93402
This property presents a Strong Value Opportunity with a List Price of $820,000—positioned well below the $899,712 Fair Market Value by 8%. This valuation gap offers $79,712 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home is a "time capsule" ready for cosmetic modernization. Its 9,000 sqft corner lot and single-level layout provide excellent potential for value-add renovations. Located near top-rated schools like Monarch Grove Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Woodland Drive Subject | $820,000* List Price | 3 | 2 | 1,651 | $545 | - |
A 2304 Bayview Heights Dr. Sold | $757,500 | 3 | 2 | 1,323 | $573 | 0.4 mi |
B 749 Woodland Sold | $723,000 | 3 | 2 | 1,170 | $618 | 0.1 mi |
C 1847 8th Sold | $800,000 | 3 | 2 | 1,395 | $573 | 0.5 mi |
D 449 Mar Vista Drive Sold | $950,000 | 3 | 2 | 1,673 | $568 | 0.4 mi |
E 319 Mar Vista Sold | $1,065,000 | 3 | 3 | 1,715 | $621 | 0.6 mi |
F 246 Vista Court Sold | $785,000 | 2 | 1 | 1,376 | $570 | 0.8 mi |
G 1766 Fearn Pending | $925,000 List Price | 3 | 2 | 1,706 | $542 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this 51-year-old home is exceptionally well-maintained but remains largely in a 'time capsule' state. The kitchen and bathrooms feature dated tile work, cabinetry, and appliances likely exceeding 30 years in age. With popcorn ceilings and older carpeting throughout, the property is functional and move-in ready but requires significant cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9000, living area = 1651.
Situated in the highly sought-after Morro Palisades neighborhood, the property offers exceptional proximity to Montaña de Oro State Park, Sea Pines Golf Course, and top-rated schools like Monarch Grove Elementary.
The generous 9,000-square-foot corner lot provides a private, landscaped backyard oasis that is ideal for outdoor entertaining, gardening, and enjoying the Los Osos coastal lifestyle.
Built in 1973, the home may require cosmetic updates or system modernizations to meet contemporary aesthetic preferences and current energy efficiency standards.
The laundry area is located within the detached two-car garage, which may be less convenient for residents compared to an interior utility room, especially during inclement weather.
Nestled in the highly sought-after Morro Palisades neighborhood, 701 Woodland Drive is a delightful single-level home on a spacious corner lot. This 3-bedroom, 2-bathroom home welcomes you with a versatile layout that includes a formal living room with wood-burning + gas fireplace, a large dining room, and a bright kitchen that opens to a family room with vaulted ceilings, wood stove, and backyard access. Step outside, and you’ll find a spacious, landscaped backyard—a private oasis perfect for hosting BBQs, gardening, or simply unwinding under the coastal sky. A detached 2-car garage with laundry completes the property, providing ample storage and parking. Location is everything, and this home has it all. Just minutes from local schools, charming restaurants, Sea Pines Golf Course, scenic hiking, coastal access, Montaña de Oro State Park, and convenient shopping, you’ll enjoy the best of Los Osos living right at your doorstep. Don’t miss this opportunity to call 701Woodland Drive your home—schedule your tour today and experience the lifestyle this gem has to offer!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 4.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,651 | 1,705 | 47% |
| Lot Size | 9,000 | 6,250 | 81% |
| Price | $820.0K | $950.0K | 30% |
| Price per sq ft | $497 | $600 | 13% |
| Built year | 1973 | 1977 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 169 | 4% |
May 13, 2026
$820,000
Initial Listing