785 A & B Pepper, San Luis Obispo, California 93401, San Luis Obispo, 93401 - bed, bath
785 A & B Pepper
San Luis Obispo, California 93401
Property Price
SUMMARY
Analysis of 785 A & B Pepper, San Luis Obispo, California 93401 is currently available with a list price of $890,000. 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 San Luis Obispo 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
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1915, this property is well-maintained for its age but remains largely dated. While it features a recently replaced roof on the studio and functional interiors, the kitchen and bathrooms show older cabinetry, basic appliances, and aged fixtures. It meets the 'fair' criteria as a century-old home that has undergone regular upkeep but lacks a comprehensive modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
This duplex configuration featuring a 2-bedroom main house and a detached studio provides immediate rental income from two separate units, both of which are currently occupied and professionally managed.
- Prime Historic Location
Located in the sought-after Old-town SLO railroad area, the property benefits from high tenant demand and proximity to downtown San Luis Obispo, enhancing its long-term investment value.
- Value-Add Features
The property includes essential amenities such as off-street parking for both units, a recently replaced roof on the studio, and private fenced yards, which improve tenant satisfaction and reduce immediate capital needs.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With a total of only 994 square feet shared between two dwellings, the individual units are relatively small, which may limit the rental rate ceiling or appeal to tenants requiring more space.
- Vintage Infrastructure
Built in 1915, the property may require more frequent maintenance or future modernization of aging systems common in century-old homes to remain competitive in the market.
About 785 A & B Pepper
Old-town SLO railroad-area duplex, near corner of Mill and Peach Streets. Property parcel includes 2 brm, 1 bath home and detached studio home, both with off-street parking. Front house has picket fence front yard with pomegranate tree and fully fenced rear yard. Detached studio has a generous front porch and 2 yards, and recently installed roof replacement. Unit sizes are estimates, and square footage for assessor may be different than actual total area of units. Property professionally managed, both units are occupied. Photos reflect most recent time of vacancy, inspection reports reflect current condition. Ask your agent about available property documents, including detailed income and expense info. Seller will consider buyer concessions. *Please do not disturb occupants*
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1915
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.5 | 50% |
| Baths | - | 2.0 | 50% |
| Square foot | 994 | 2,694 | 25% |
| Lot Size | 4,000 | 7,134 | 25% |
| Price | $890.0K | $1.58M | 25% |
| Price per sq ft | $895 | $648 | 75% |
| Built year | 1915 | 1925 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 120 | 112 | 75% |
Pricing History
Listed for Sale
Feb 26, 2026
$890,000
Initial Listing
Price Change
Nov 7, 2025
$895,000
Initial Listing