791, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 5 bed, 3 bath
791
San Luis Obispo, California 93401
Property Price
SUMMARY
Analysis of 791, San Luis Obispo, California 93401 is currently available with a list price of $1,520,000. 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.
This 1920s triplex is well-maintained but shows significant signs of age across the three detached units. While the primary 2-bedroom unit features a remodeled eat-in kitchen with modern cabinetry and stainless steel appliances, the other units and the exterior reflect a more dated condition. The property retains older wall heaters, aged flooring in secondary units, and century-old architectural elements that, while charming, indicate a need for ongoing maintenance and further modernization to meet current 'good' or 'excellent' standards.
PROSSTRENGTHS & OPPORTUNITIES
- Detached Multi-Unit Configuration
The property consists of three detached homes on a single parcel, offering tenants superior privacy and individual yard space compared to traditional shared-wall apartments, which commands higher rental premiums.
- Prime Historic Location
Situated in the desirable Old-town SLO railroad area, the property benefits from high tenant demand due to its proximity to downtown San Luis Obispo and its charming, walkable neighborhood character.
- Value-Add Amenities
With off-street parking for all units, private storage sheds, and laundry hookups, the property is well-equipped with essential amenities that enhance long-term tenant retention and property value.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1920, the property likely requires ongoing maintenance and potential capital improvements to modernize century-old systems such as plumbing, electrical, and foundations.
- Square Footage Discrepancies
The listing notes that unit sizes are estimates and may differ from assessor records, which could create challenges during the appraisal process or when calculating exact price-per-square-foot valuations.
About 791
Old-town SLO railroad-area triplex, at corner of Pepper, Mill, and Peach Street. Property parcel includes 3 charming detached homes, all with off-street parking, full baths, and storage sheds. A 2 brm, 1 bath home, with remodeled eat-in kitchen, Dutch door to laundry area, washer/dryer hookups, and fully fenced rear yard. A 1.5 bedroom home with washer dryer hookups, fully-fenced rear yard and generous front porch. A ground-level studio home with semi covered front patio area. Unit sizes are estimates, and square footage for assessor may be different than actual total area of units. 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
- Triplex
- Year Built
- 1920
- Lot Size
- 7,970 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | 5.0 | 5.0 | 50% |
| Baths | 3.0 | 3.5 | 50% |
| Square foot | 1,885 | 2,694 | 25% |
| Lot Size | 7,970 | 7,317 | 75% |
| Price | $1.52M | $1.58M | 25% |
| Price per sq ft | $806 | $648 | 75% |
| Built year | 1920 | 1925 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 120 | 112 | 75% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,520,000
Initial Listing
Price Change
Nov 7, 2025
$1,525,000
Initial Listing