748 Woodland, Los Osos, California 93402, Los Osos, 93402 - 4 bed, 3 bath
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748 Woodland
Los Osos, California 93402
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,300Sq Ft
8,000Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,100,000
4% BelowMARKET VALUE
SUMMARY
This Versatile Coastal Property represents a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,162,611 Fair Market Value by 5%. This valuation gap offers $62,611 in Instant Equity. With a Condition Rating of 3, the home features a remodeled kitchen, a 2023 roof, and a legal ADU for income potential. Located in the San Luis Coastal Unified district, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, move-in ready residence with bay views.
Estimated Market Value
$1,100,000+$50,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Osos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 748 Woodland Subject | $1,050,000* List Price | 4 | 3 | 2,300 | $478 | - |
A 1792 7th Street Sold | $1,040,000 | 4 | 2 | 2,134 | $487 | 0.5 mi |
B 2565 Bay Vista Lane Sold | $1,019,000 | 3 | 2 | 1,772 | $575 | 0.6 mi |
C 701 Woodland Drive Sold | $875,000 | 3 | 2 | 1,651 | $530 | 0.1 mi |
D 1871 Donna Sold | $1,270,000 | 4 | 2 | 2,170 | $585 | 0.7 mi |
E 1766 Fearn Sold | $900,000 | 3 | 2 | 1,706 | $528 | 0.7 mi |
F 236 Marianela Sold | $1,275,000 | 3 | 2 | 2,429 | $525 | 1.0 mi |
G 1701 8th Street Sold | $1,035,000 | 3 | 3 | 1,939 | $534 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1972, the property is well-maintained and move-in ready. It features a beautifully remodeled kitchen, a new roof installed in 2023, and modern interior updates including recessed lighting and contemporary flooring.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property features a legal, attached 1-bedroom ADU with a separate entrance, kitchenette, and balcony, offering significant rental income potential or a private space for multigenerational living.
- Recent Capital Improvements
A brand-new roof installed in 2023 and an integrated solar system provide immediate value and peace of mind regarding major maintenance and long-term utility costs.
- Versatile Bonus Spaces
Beyond the main living areas, the property includes a detached art studio/workshop and separate family and living rooms, providing rare flexibility for remote work, hobbies, or creative retreats.
CONSRISKS & DEFICIENCIES
- Leased Solar System
The solar system is leased rather than owned, which requires the buyer to assume a monthly contract and may complicate the financing process for some lenders.
- Property Age
Built in 1972, the home may require additional investment to update original systems or cosmetic elements that were not included in the recent kitchen remodel.
About 748 Woodland
Beautiful and spacious coastal home with income potential! This property has a single level, 3 bedroom, 2 bathroom main home as well as an attached 1 bedroom, 1 bathroom ADU! The main home has separate family and living rooms, a beautifully remodeled kitchen, and plenty of usable yard space in the front and back. The backyard also has a detached art studio that can be used for a workshop, play room, man-cave, she-shed, or anything that just needs a little extra utilitarian space! The ADU has a separate entrance so guests can come and go as they please. Up the stairs you’ll find a studio-style, open concept, living space with a kitchenette, bed and TV, as well as a balcony with stunning views of the Seven Sisters and the bay. There is also a spacious bathroom with a separate shower and tub and a small additional bedroom. A leased solar system keeps the electricity bill low and the roof was replaced in 2023. Located in the desirable Redfield Woods neighborhood, this home provides easy access to Montana De Oro, hiking trails, Baywood, the Los Osos Oaks preserve and more! Contact your favorite Realtor for a showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 8,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 0.6 mi
8/10
Los Osos Middle School
Grades 6-8 • 1.4 mi
7/10
Morro Bay High School
Grades 9-12 • 4.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.7 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,300 | 1,489.077 |
| Lot Size | 8,000 | 6,263.462 |
| Price | $1.05M | $900.8K |
| Price per sq ft | $457 | $664 |
| Built year | 1972 | 1975 |
| HOA | $0 | $0 |
| Days on market | 34 | 40 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,050,000
$1,075,000
-2% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$1,075,000
$1,100,000
-2% Price Drop
Initial Listing
Price Change
Aug 6, 2026
$1,100,000
Initial Listing
Sold
Aug 9, 2017
$524,500
Public Record