
San Luis Obispo, California 93401
This European-inspired Condominium is a Strong Value Opportunity, listed at $700,000—positioned well below the $708,014 Fair Market Value by 1%. This valuation gap offers $8,014 in Instant Equity. Featuring a Condition Rating of 4, the home offers an open floor plan and private patios, though the original kitchen provides a clear path for future value-add renovations. Located in the San Luis Coastal Unified district, this property is ideal for Owner-Occupants seeking a peaceful lifestyle or first-time buyers prioritizing location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 769 Mutsuhito Avenue Subject | $668,000* List Price | 2 | 3 | 1,396 | $501 | - |
A 2221 King Court 12 Sold | $647,000 | 2 | 2 | 1,192 | $543 | 0.8 mi |
B 2230 Exposition 47 Sold | $575,000 | 2 | 2 | 1,026 | $560 | 0.9 mi |
C 2975 Rockview Place 13 Sold | $519,000 | 2 | 1 | 907 | $572 | 0.3 mi |
D 3591 Sacramento Drive 25 Sold | $860,000 | 3 | 3 | 1,893 | $454 | 0.7 mi |
E 1021 Southwood E Sold | $525,000 | 2 | 1 | 892 | $589 | 0.4 mi |
F 2221 King Court 40 Active | $699,000 List Price | 2 | 2 | 1,229 | $569 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993 (31 years old), the property is well-maintained but features an original kitchen and bathrooms that are now dated. While the hardwood floors are a plus and the unit is functional, the 30+ year age of the systems and original finishes necessitate future updates to meet modern standards.
Situated in the European-inspired Villa Rosa development, the property features unique Italianesque architecture and lushly landscaped grounds that create a private, village-like atmosphere.
The interior boasts an open floor plan with rich wood flooring, large windows for abundant natural light, and a wood-burning fireplace, creating an inviting and airy living environment.
Multiple private outdoor spaces, including a raised entry patio and a western-facing balcony off the second bedroom, offer excellent opportunities for alfresco dining and relaxation.
While well-maintained, the kitchen and some interior features are original to the 1993 construction, which may necessitate future capital investment for modern upgrades.
The property includes only a one-car garage, which may be a constraint for households with multiple vehicles or those requiring additional storage space.
Villa Rosa may be one of the most beautiful developments in SLO. Located just south of the Little Italy Historic district. As you approach this 85 unit European like Village is a beautiful vintage Italianesque Architecture gently terraced into a lushly landscaped site with gently raised patios along the outdoor corridor. These private patios leave plenty of room for outdoor furniture and barbeques whether your having your morning coffee or evening beverage with friends. The exterior is uniquely private and pleasant. As you enter the home you are met with an open floor plan that adds a largeness to the space. The Living area features Large windows that stream light into the space and offer great views of Adjacent Architectural features and landscape while not sacrificing privacy. A wood burning fireplace is a feature that appears like new. This open area of the Living and Dining has rich warm wood floors. The kitchen is nicely laid out with plenty of cabinets and although original appears to be in great shape. There is a downstairs Powder Rm just off the hallway prior to ascending the stairs to the Bedrooms level. On the second floor there is a ample common/hall area that has a washer and dryer behind accordion closet doors. The Primary Bedroom suite consists of a large Primary with beautiful views of the adjacent Architecture combined with Eastern light make this a great place to read a book and relax. This primary also has an on suite bath w/ double sinks and tons of closet. The second bedroom also quite large could be used as a bedroom or auxiliary office with it Western Patio that overlooks the Courtyard that serves as entry to garages. This unit does have a 1 car finished garage off of this courtyard. Please enjoy the pictures as this is a wonderful, quite, peacefull place to live and enjoy.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 2.7 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,396 | 1,306 |
| Lot Size | 1,396 | 1,451 |
| Price | $668.0K | $708.5K |
| Price per sq ft | $479 | $558 |
| Built year | 1993 | 1997 |
| HOA | $475.0 | $342 |
| Days on market | 40 | 51 |
Jul 7, 2026
$668,000
$700,000
-5% Price Drop
Initial Listing
Jun 12, 2026
$700,000
Initial Listing
Jun 18, 2010
$335,000
Public Record
Apr 19, 2002
$302,500
Public Record