
San Luis Obispo, California 93405
This property presents a High-Potential Investment Opportunity with a List Price of $1,295,000—positioned well below the $1,300,363 Fair Market Value by 0.41%. This valuation gap offers $5,363 in Instant Equity. With a Fair Condition Rating, the home features a remodeled kitchen and significant upside through potential 5-bedroom reconfiguration or ADU/JADU development. Located just minutes from Cal Poly, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to maximize rental income in a high-demand student housing market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 80 Verde Subject | $1,225,000* List Price | 3 | 2 | 2,148 | $575 | - |
A 137 Broad St Sold | $1,125,000 | 3 | 2 | 1,793 | $627 | 0.3 mi |
B 298 Ramona Drive Sold | $1,120,000 | 5 | 2 | 1,736 | $645 | 0.2 mi |
C 550 Highland Sold | $1,352,500 | 4 | 2 | 1,891 | $715 | 0.5 mi |
D 123 Ramona Active | $1,325,000 List Price | 4 | 3 | 2,180 | $608 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 60-year-old home has been partially updated with a remodeled kitchen and bathroom (likely 10-20 years ago), but remains dated overall. Visible wear such as stained carpeting in the bonus rooms and older interior fixtures indicate a need for minor repairs and cosmetic modernization to meet current market standards.
The property offers exceptional upside for investors, with the capacity to reconfigure the existing layout into a 5-bedroom rental and ample lot space to add both a two-story ADU and a JADU.
Located just five minutes from Cal Poly and within walking distance to municipal transit and shopping centers, the home is positioned in a high-demand area for student housing and long-term appreciation.
The 2,148 sq. ft. split-level design features a remodeled kitchen, multiple bonus rooms, and seamless indoor-outdoor flow to a deck with mountain views, catering to both large families and multi-tenant needs.
Built in 1964, the property may require updates to original systems or structural components to meet modern efficiency standards, despite being well-maintained by a long-term owner.
The multi-level floor plan may pose accessibility challenges for some buyers and requires frequent use of stairs to navigate between the primary living areas and the lower-level bedrooms.
Welcome to 80 Verde! Lovingly cared for by the same owner for more than 30 years, this 2,148 sq. ft. split-level home offers exceptional versatility, space and opportunity. The upper level features 2 bedrooms, 1 full bathroom, a formal dining room, family room, large bonus area, and a remodeled kitchen. Two sets of sliding glass doors open to a spacious outdoor deck and patio, creating a wonderful indoor-outdoor living experience & views of the mtns. The lower level offers even more flexibility with a third bedroom, private office, laundry room, and large bonus family room. Additional features include A/C, covered storage, and a generous backyard with convenient access from the downstairs level. A Fantastic Opportunity for Investors Located in a highly desirable student-rental area, this property offers tremendous potential. The existing layout could potentially be reconfigured to create a 5-bedroom rental, providing an excellent opportunity for investors looking to maximize rental income. There is also substantial potential for additional development, with enough space to build a two-story, 4-bedroom/2-bath ADU along with a 2-bedroom JADU.Conveniently located just a 5-minute drive from Cal Poly, the home is also within a short walk of a municipal bus stop, Foothill shopping center, restaurants, and a new urgent care center. Whether you're looking for a spacious home with room to grow or an investment property with significant upside potential, 80 Verde is an opportunity you won't want to miss. Don't wait—this property won't last long!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,148 | 1,868.778 |
| Lot Size | 5,963 | 6,365.978 |
| Price | $1.23M | $1.27M |
| Price per sq ft | $570 | $676 |
| Built year | 1964 | 1986 |
| HOA | $0 | $91 |
| Days on market | 21 | 49 |
Sep 8, 2026
$1,225,000
$1,295,000
-5% Price Drop
Initial Listing
Aug 19, 2026
$1,295,000
Initial Listing