94 Palomar Avenue, San Luis Obispo, California 93405, San Luis Obispo, 93405 - 4 bed, 3 bath
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San Luis Obispo, California 93405
This Turnkey Multi-Generational Home is a Strong Value Opportunity, listed at $1,375,000—positioned well below the $1,474,776 Fair Market Value by 6%. This valuation gap offers $99,776 in Instant Equity. Featuring an Excellent Condition Rating, the property boasts a modern kitchen, engineered hardwood, and a private suite with a separate entrance. Located in the San Luis Coastal Unified district, it offers a serene treetop lifestyle. This is an ideal acquisition for Owner-Occupants seeking versatility or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 94 Palomar Avenue Subject | $1,375,000* List Price | 4 | 3 | 2,052 | $719 | - |
A 550 Highland Sold | $1,352,500 | 4 | 2 | 1,891 | $715 | 0.5 mi |
B 380 Christina Sold | $1,585,000 | 6 | 3 | 1,846 | $859 | 0.7 mi |
C 512 Dartmouth Sold | $1,275,000 | 4 | 3 | 1,611 | $791 | 0.6 mi |
D 1083 Legacy Sold | $1,525,000 | 5 | 4 | 2,572 | $593 | 1.0 mi |
E 504 Cuesta Drive Sold | $1,260,000 | 4 | 3 | 1,578 | $798 | 0.6 mi |
F 644 Jeffrey Drive Sold | $1,350,000 | 3 | 2 | 1,807 | $747 | 0.8 mi |
G 123 Ramona Active | $1,515,000 List Price | 4 | 3 | 2,180 | $695 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a modern kitchen with shaker cabinetry and quartz counters, updated bathrooms with contemporary finishes, and new engineered hardwood flooring. The addition of an AC mini-split and the mint condition of the interior and exterior finishes meet the criteria for excellent condition.
The property features a private suite with its own entrance, providing exceptional flexibility for multi-generational living, a home office, or potential rental income in a desirable neighborhood.
The home boasts soaring beamed ceilings, an updated kitchen with a center island, and stylish finishes like engineered hardwood, offering a contemporary and move-in-ready aesthetic.
Situated at the base of Cerro San Luis near top-rated schools and downtown, the home offers a secluded, tree-lined setting while remaining close to major amenities and hiking trails.
With only a single-car garage that is currently utilized as a home gym, parking and covered storage space may be insufficient for a four-bedroom household.
The layout requires navigating stairs between the main living areas and the bedroom level, which may be a drawback for buyers seeking single-level accessibility or traditional floor plans.
Nestled among the trees at the base of Cerro San Luis and just minutes to Bishop Peak, downtown San Luis Obispo, and award-winning schools, this exceptional property offers the perfect blend of privacy, style, and versatility. Surrounded by lush greenery, the private drive creates a peaceful and inviting arrival. The charming formal entry features beautiful engineered hardwood flooring and provides convenient access to the main living spaces upstairs and the bedroom level below. Upstairs, soaring beamed ceilings, recessed lighting, and expansive picture windows fill the home with abundant natural light while showcasing serene treetop views. The open-concept living area centers around a built-in entertainment unit and a cozy fireplace with gas insert. Adjacent to the dining area, a stylish dry bar with beverage center and balcony access creates the perfect space for entertaining. The beautifully updated kitchen features a sleek modern design, shaker-style cabinetry, a center island with seating, generous counter space, and a decorative backsplash. An AC mini split on the main level provides for year round comfort. Outdoor living is equally impressive with a spacious deck ideal for gatherings, a landscaped lawn and yard on one side of the home, and a private patio with fire pit on the other. Downstairs, the tranquil primary suite offers a peaceful retreat with an ensuite bathroom featuring a dual-sink vanity, walk-in shower, and contemporary finishes. Two additional bedrooms and a full bathroom complete the level. One of the home’s standout features is a private suite with its own entrance off the main entry landing, offering excellent flexibility for guests, multi-generational living, rental income, or a home office setup. Additional highlights include indoor laundry and an attached single-car garage with epoxy flooring currently utilized for a home gym. Exceptionally well cared for and thoughtfully updated with modern finishes throughout, this unique property offers a variety of living opportunities — whether as a primary residence, investment property, or multi-generational home. A truly special property with too many unique features to list — this is a must-see to fully appreciate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 2,052 | 1,800 | 64% |
| Lot Size | 6,000 | 6,661.5 | 32% |
| Price | $1.38M | $1.26M | 66% |
| Price per sq ft | $670 | $712 | 40% |
| Built year | 1979 | 1977 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 117 | 4% |
Jun 1, 2026
$1,375,000
Initial Listing
Mar 26, 2021
$890,000
Public Record
Apr 22, 2011
$535,000
Public Record
Jun 19, 2001
$472,000
Public Record
Sep 30, 1998
$299,500
Public Record
Aug 24, 1994
$250,000
Public Record