895 Lincoln Street, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 5 bed, 2 bath
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895 Lincoln Street
San Luis Obispo, California 93405
ACTIVE
CONDITION: GOOD
5Beds
2Baths
1,480Sq Ft
6,802Lot Size
Property Price
LIST PRICE$1,395,000
EST. MARKET VALUE
$1,304,700
6% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $1,395,000, positioned above the $1,304,700 Fair Market Value. While priced at a premium, the property features a Good Condition Rating following a comprehensive 2020 renovation, including a new roof and HVAC. Its rare 5-bedroom layout near Cal Poly offers significant rental yield potential or flexible living arrangements. With a large backyard and prime location, this asset is a strategic choice for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey property in a high-demand market.
Estimated Market Value
$1,304,700
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 895 Lincoln Street Subject 5 bd · 2 ba · 1,480 sqft · $882 | $1,395,000* List Price | 5 | 2 | 1,480 | $882 | - |
A 32 Rafael Sold 4 bd · 2 ba · 1,280 sqft · $945 · 0.8 mi | $1,210,000 | 4 | 2 | 1,280 | $945 | 0.8 mi |
B 957 West Street Sold 3 bd · 2 ba · 1,881 sqft · $920 · 0.3 mi | $1,730,625 | 3 | 2 | 1,881 | $920 | 0.3 mi |
C 372 Cerro Romauldo Sold 3 bd · 2 ba · 1,630 sqft · $807 · 1.0 mi | $1,315,000 | 3 | 2 | 1,630 | $807 | 1.0 mi |
D 441 Luneta Sold 4 bd · 2 ba · 1,400 sqft · $857 · 0.7 mi | $1,200,000 | 4 | 2 | 1,400 | $857 | 0.7 mi |
E 71 Rafael Way Sold 3 bd · 2 ba · 1,160 sqft · $849 · 0.8 mi | $985,000 | 3 | 2 | 1,160 | $849 | 0.8 mi |
F 94 Palomar Avenue Sold 4 bd · 3 ba · 2,052 sqft · $785 · 0.6 mi | $1,610,000 | 4 | 3 | 2,052 | $785 | 0.6 mi |
G 133 N Tassajara Active 3 bd · 3 ba · 1,694 sqft · $708 · 0.9 mi | $1,199,000 List Price | 3 | 3 | 1,694 | $708 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property underwent a complete renovation in 2020, making the updates approximately 6 years old at the time of listing. This includes modern bathrooms with shaker vanities, updated flooring, and new major systems such as the HVAC and roof. It is well-maintained and move-in ready, falling within the 5-15 year renovation window for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just blocks from downtown San Luis Obispo and in close proximity to Cal Poly, this property offers exceptional walkability and high desirability for both tenants and owners.
- Comprehensive 2020 Renovation
The home features significant recent upgrades including a new roof, heating system, windows, and modern interior finishes, offering a turn-key experience with reduced immediate capital needs.
- High Income Potential
The rare five-bedroom configuration in a high-demand college and tourist town provides excellent versatility for investors seeking maximum rental yields or multi-generational living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1480, other record living area = 1409.
- Compact Living Spaces
With five bedrooms distributed across only 1,480 square feet, the individual room sizes and common living areas may feel cramped compared to standard residential layouts.
- High Price Per Square Foot
At nearly $942 per square foot, the property is positioned at a premium price point that may challenge buyer budgets or appraisal valuations in the current market.
About 895 Lincoln Street
Exceptional opportunity just blocks from downtown San Luis Obispo and close to Cal Poly. This updated 5-bedroom, 2-bathroom home offers a rare combination of location and versatility that appeals to both investors and owner-occupants. Completely renovated in 2020, improvements include flooring, countertops, bathrooms, windows and window coverings, appliances, washer and dryer, heating system and roof. Generous living spaces, a huge backyard and plenty of off-street parking further enhance the property. The flexible 5-bedroom layout provides plenty of options for full-time living, additional workspace, guests, or rental income. Ideally situated for enjoying the best of SLO, with easy access to prime dining, shopping, entertainment, and an array of local amenities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1943
- Lot Size
- 6,802 Sq. Ft.
Interior
- Total Bedrooms
- 5
- 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.1 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,480 | 1,906.09 |
| Lot Size | 6,802 | 6,523.766 |
| Price | $1.40M | $1.28M |
| Price per sq ft | $943 | $683 |
| Built year | 1943 | 1986 |
| HOA | $0 | $86 |
| Days on market | 19 | 49 |
Pricing History
Listed for Sale
Oct 5, 2026
$1,395,000
Initial Listing
Sold
Oct 19, 2001
$310,000
Public Record