920 Bay Leaf, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 4 bath
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San Luis Obispo, California 93401
This Modern 2016 Townhome is a Prime Investment Opportunity, with a List Price of $849,000—positioned well below the $980,101 Fair Market Value by 13%. This significant valuation gap provides $131,101 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the interior features quartz countertops, espresso cabinetry, and a versatile entry-level suite. Located in the San Luis Coastal Unified district with stunning mountain views, the property offers a turnkey lifestyle near downtown. This is an exceptional find for Owner-Occupants seeking immediate wealth or Buy-and-Hold Investors targeting a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 920 Bay Leaf Subject | $849,000* List Price | 3 | 4 | 1,873 | $523 | - |
A 3290 Lavender Lane Sold | $820,000 | 3 | 4 | 1,862 | $440 | 0.1 mi |
B 1235 Sponza 2 Sold | $895,000 | 3 | 3 | 1,668 | $537 | 0.5 mi |
C 3265 Lavender Sold | $739,000 | 2 | 3 | 1,321 | $559 | 0.1 mi |
D 3816 Hatchery Lane 1 Sold | $915,000 | 3 | 3 | 1,673 | $547 | 0.5 mi |
E 1065 Pauline Sold | $860,000 | 3 | 3 | 1,756 | $490 | 0.9 mi |
F 827 Basil Lane Sold | $695,000 | 2 | 3 | 1,321 | $526 | 0.1 mi |
G 3816 Hatchery Active | $950,000 List Price | 3 | 3 | 1,673 | $568 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2016, this property is less than 10 years old and has been meticulously maintained, meeting the criteria for excellent condition. The interior features modern finishes including quartz countertops, espresso cabinetry, and stainless steel appliances in the kitchen, along with premium bathroom upgrades like a river rock shower. The flooring, light fixtures, and overall aesthetic are contemporary and show no signs of physical depreciation or deferred maintenance.
Built in 2016, this townhome features a desirable open-concept design and a rare entry-level bedroom with a full bath, perfect for guests, multi-generational living, or a private home office.
The home boasts high-quality upgrades including quartz countertops, espresso cabinetry, custom tile backsplashes, and a primary suite featuring a distinctive river rock shower.
Residents enjoy a low-maintenance lifestyle with access to creekside trails, fire pits, and recreational areas, all while being minutes from San Luis Obispo's best breweries and hiking.
The three-story layout requires navigating multiple flights of stairs to access the main living areas and upper bedrooms, which may be a drawback for buyers with mobility concerns.
As a condominium unit, the property involves shared walls and closer proximity to neighbors, offering less privacy and outdoor space than a detached single-family residence.
Meticulously maintained 3-bedroom, 3.5-bath townhome featuring warm, modern finishes and a comfortable, functional layout. The entry-level bedroom and full bath offers a private retreat for guests, extended family, or a versatile home office. The main living level features an open-concept great room that flows seamlessly into a beautifully appointed kitchen with espresso cabinetry, quartz countertops, and a custom tile backsplash. The kitchen includes a charming breakfast nook for casual meals, while a designated formal dining area offers the perfect space for hosting and gatherings. Spacious balcony, ideal for relaxing and enjoying the hill views. Upstairs, the spacious primary suite offers a walk-in closet and large bath with dual sinks and a distinctive river rock shower. The secondary upstairs bedroom includes its own ensuite bath, providing comfortable and private space for family, guests, or hobbies. Additional highlights include stylish window coverings, laundry room, and a two-car garage with extra guest parking nearby. Enjoy a relaxed, low-maintenance lifestyle in a charming community featuring creekside walking trails, gardens, a fire pit, BBQ area, and outdoor games like bocce and horseshoes. Ideally located just minutes from local cafés, breweries, restaurants, shopping, hiking trails, and more; while still offering easy access to downtown, parks and beaches.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 77% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 1,873 | 1,060 | 97% |
| Lot Size | 2,212 | 1,012 | 90% |
| Price | $849.0K | $638.5K | 77% |
| Price per sq ft | $453 | $571 | 7% |
| Built year | 2016 | 1989 | 67% |
| HOA | $279.0 | $356 | 17% |
| Days on market | 44 | 164 | 3% |
Mar 9, 2026
$849,000
Initial Listing