80 Mariposa Drive, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 2 bath

80 Mariposa Drive, San Luis Obispo, California 93401 home-pic-0

80 Mariposa Drive

San Luis Obispo, California 93401

ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
2Baths
1,152Sq Ft
5,200Lot Size

Property Price

LIST PRICE$1,100,000
EST. MARKET VALUE
$1,054,668
4% AboveMARKET VALUE

SUMMARY

Analysis of 80 Mariposa Drive, San Luis Obispo, California 93401 reveals a property with a current list price of $1,100,000, which is 4% above the estimated $1,054,668 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Estimated Market Value

$1,054,668
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive recent renovation that aligns with current modern standards, featuring a remodeled kitchen with concrete countertops and new appliances, luxury plank flooring, and updated bathrooms. The inclusion of a newly constructed detached ADU and fresh interior/exterior paint indicates the home is in like-new condition with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Newly Constructed ADU

    The property includes a detached 325 sq. ft. ADU with its own address, entrance, and private yard, offering exceptional versatility for rental income, a guest suite, or a home office.

  • Modern Turn-Key Renovations

    The main residence features high-end updates including luxury plank flooring, vaulted ceilings, and a remodeled kitchen with concrete countertops, providing a stylish and move-in-ready environment.

  • Prime Location and Accessibility

    Situated in a highly desirable San Luis Obispo neighborhood, the home offers excellent proximity to the SLO Public Market, Trader Joe’s, and convenient freeway access.

CONSRISKS & DEFICIENCIES

  • Leased Solar System

    The solar panels are under a lease agreement rather than being owned outright, which requires the buyer to assume a contract and may be less financially attractive than an owned system.

  • Compact Main Living Area

    With only 1,152 square feet in the primary home, the living space is relatively modest for the price point, which may feel restrictive for buyers seeking a larger family residence.

About 80 Mariposa Drive

Thoughtfully remodeled and designed for effortless living, this inviting 2-bedroom, 2-bath home blends modern chic style with relaxed comfort, plus a newly constructed detached ADU nearing completion. With approximately 325 sq ft, one bedroom, and two loft spaces, the ADU with a separate address and entrance, plus it's own private yard is ideal as a guest retreat, creative studio, rental opportunity, or private work-from-home space. Inside the main home, vaulted ceilings enhance the sense of space, while luxury plank flooring and updated lighting create a bright, cohesive flow throughout. A sunken living room anchored by a wood-burning fireplace offers a cozy and stylish gathering space for quiet evenings or entertaining. The remodeled kitchen features concrete countertops, new appliances, and a clean, contemporary aesthetic that opens seamlessly to everyday living. Both bathrooms have been tastefully updated, offering a fresh, retreat-like feel. Outdoors, the redesigned backyard serves as a true extension of the living space, featuring lush landscaping, stamped concrete, and artificial turf for low-maintenance enjoyment year-round. Fresh interior and exterior paint complete the home’s polished presentation, while leased solar with no true-up adds peace of mind and cost savings. Located close to Trader Joe’s, the SLO Public Market, and convenient freeway access, this home sets the stage for meaningful moments and flexible space, all wrapped in a beautifully refreshed setting.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1980
Lot Size
5,200 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
22%
Baths2.03.0
46%
Square foot1,1521,722
17%
Lot Size5,2006,000
40%
Price$1.10M$1.17M
45%
Price per sq ft$955$660
90%
Built year19801994
40%
HOA$0$0
50%
Days on market40177
2%

Pricing History

Listed for Sale

Jan 26, 2026

$1,100,000

Initial Listing

Sold

Oct 24, 2017

$585,000

Public Record

Sold

May 10, 2012

$320,000

Public Record

Sold

Dec 4, 2009

$425,000

Public Record

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