971 Ramona Avenue, Los Osos, California 93402, Los Osos, 93402 - 2 bed, 2 bath
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Los Osos, California 93402
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $720,000—positioned well below the $732,304 Fair Market Value by 1.7%. This valuation gap offers $12,304 in Instant Equity. With a Condition Rating of 4, the property features solar panels and newer flooring, though the dated interiors provide a clear path for value-add renovations. Boasting Stunning Coastal Views and private yards, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to house-hack in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 971 Ramona Avenue Subject | $720,000* List Price | 2 | 2 | 1,258 | $582 | - |
A 1247 3rd Active | $882,000 List Price | 3 | 3 | 1,458 | $605 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property features some functional updates including solar panels, pavers, and newer laminate flooring in bedrooms. However, the kitchen and bathrooms remain dated with older cabinetry and tile work that likely exceed 20 years in age, requiring modernization to meet current market standards.
The property offers iconic views of Morro Rock, the harbor, and the ocean, significantly increasing its desirability and long-term value in the Los Osos market.
As a two-unit duplex, this property provides versatile options for seasoned investors or owner-occupants looking to offset their mortgage through house-hacking.
Each unit features its own large, private yard, a rare and highly sought-after amenity for multi-family housing that enhances tenant retention and quality of life.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6250, other record lot size in square feet = 6144.
Originally built in 1959, the property may require capital improvements or modernization of major systems to meet contemporary efficiency and aesthetic standards.
With only one bedroom per unit, the property targets a narrower tenant demographic, which may limit the maximum rental income potential compared to multi-bedroom configurations.
Discover a rare opportunity to own a well-appointed duplex in the beloved coastal community of Los Osos, offering stunning views of the iconic Morro Rock right from your doorstep. Whether you're a seasoned investor or looking to house-hack your way into the Central Coast market, this two-unit property delivers strong income potential in one of San Luis Obispo County's most charming neighborhoods. The property features two thoughtfully laid-out one-bedroom, one-bathroom residences, each with their own private access and distinct living spaces. Each unit enjoys the rare luxury of its own outdoor sanctuary, a large private yard ideal for gardening, entertaining, or simply unwinding in the coastal breeze with views of Morro Rock as the backdrop. Ample off-street parking accommodates residents and guests with ease, a true asset in this sought-after community. Nestled just minutes from the Morro Bay estuary, Montana de Oro State Park, and the charming local shops and dining of Los Osos, this property blends laid-back coastal living with reliable rental demand year-round.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 33% |
| Baths | 2.0 | 4.0 | 33% |
| Square foot | 1,258 | 2,458 | 33% |
| Lot Size | 6,250 | 6,250 | 50% |
| Price | $720.0K | $769.7K | 33% |
| Price per sq ft | $572 | $313 | 67% |
| Built year | 1959 | 1977 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 238 | 33% |
May 27, 2026
$720,000
Initial Listing
Jan 19, 2021
$465,000
Public Record