
San Luis Obispo, California 93405
This Contemporary Multi-Generational Estate is a Prime Investment Opportunity with a List Price of $1,599,000—positioned well below the $1,634,066 Fair Market Value by 2%. This valuation gap offers $35,066 in Instant Equity. Featuring a Condition Rating of 2, the property includes a 750 sq. ft. Permitted ADU and sweeping Mountain Views. Situated in the San Luis Coastal Unified district, the home combines modern renovations with high rental potential. This is a perfect fit for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 967 Capistrano Court Subject | $1,599,000* List Price | 5 | 4 | 2,854 | $560 | - |
A 855 Mirada Drive Active Under Contract | $1,399,000 List Price | 4 | 3 | 2,624 | $533 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1987, the property has undergone extensive recent renovations that align with current quality standards. The main house features a fully modernized kitchen and updated bathrooms with contemporary fixtures. A standout feature is the 750 sq. ft. permitted ADU, which is beautifully appointed with modern finishes like a rain shower and full kitchen. The flooring, light fixtures, and overall interior presentation suggest a high level of recent investment and meticulous maintenance, qualifying it for the highest condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13072, living area = 2854.
The property features a fully permitted 750 sq. ft. ADU with a private entrance and full kitchen, providing significant value for rental income or multi-generational living.
Situated on a quiet cul-de-sac, the home offers sweeping panoramic views of the Irish Hills and seasonal creek, creating a serene and private atmosphere.
Built in 1987, the home may require ongoing maintenance or updates to original mechanical systems to meet modern energy efficiency standards.
The list price reflects the niche value of the secondary dwelling and large lot, which may limit the buyer pool to those specifically seeking a multi-unit setup.
Exceptional contemporary home tucked away on a quiet cul-de-sac in the desirable Irish Hills neighborhood of San Luis Obispo. Sweeping views of rolling green hills set the tone, and the home feels wonderfully private, yet is just minutes from trails, everyday conveniences, and top-rated schools. The generous lot has a low-water, sustainable landscape that bursts into bloom in the spring, attracting birds and butterflies. Inside, a bright and airy floor plan maximizes space and natural light. The main level features a welcoming foyer, living room with fireplace, formal dining area, modern kitchen with breakfast nook, family room, and a versatile bonus room—each thoughtfully positioned to capture exceptional views of the lush hills and seasonal creek. A bedroom and full bathroom complete the main level, ideal for guests or flexible living. Take it all in from the expansive deck where panoramic views create the perfect setting for entertaining or quiet evenings outdoors. Upstairs, the primary suite offers a private retreat with a walk-in shower and serene outlooks, accompanied by two additional bedrooms with an updated bathroom. A standout feature of the property is the approximately 750 sq. ft. fully permitted ADU with its own private entrance. This beautifully appointed one-bedroom apartment includes a full kitchen, a comfortable living area, and spacious bathroom with rain shower. Enjoy outdoor living on the covered patio, perfectly positioned to soak in the views. The fenced backyard with fruit trees provides ample space for relaxation and play. This remarkable property offers a rare opportunity for multi-generational living, guest accommodations, or live-and-earn income potential—all in one of San Luis Obispo’s most scenic settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 85% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 2,854 | 1,912 | 83% |
| Lot Size | 13,072 | 6,706.5 | 81% |
| Price | $1.60M | $1.27M | 76% |
| Price per sq ft | $560 | $690 | 26% |
| Built year | 1987 | 1979 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 103 | 140 | 39% |
Feb 28, 2026
$1,599,000
$1,650,000
-3% Price Drop
Initial Listing
Jan 9, 2026
$1,650,000
Initial Listing
Sep 25, 2023
$1,485,000
Public Record