Prime investment opportunity in the highly sought-after Golden Zone just steps from California Polytechnic State University. This charming property offers an ideal blend of location, flexibility, and future development potential. The existing home features 3 bedrooms and 2 bathrooms, thoughtfully updated with a newer kitchen and somewhat remodeled bathrooms, creating a comfortable and move-in ready living space. An indoor laundry room adds everyday convenience, while the flexible floor plan offers the potential to convert the dining room or kitchen area into a fourth bedroommaximizing use and versatility. From the street, the home boasts darling curb appeal with low-maintenance, drought-resistant landscaping, a turf lawn, and a welcoming front deckperfect for enjoying the Central Coast lifestyle without the upkeep. What truly sets this property apart are the City-approved plans for a 4-bedroom ADU, presenting a rare and valuable opportunity to significantly increase long-term value in one of the most desirable locations in San Luis Obispo. The current lease is in place through 6/30/2026, offering a clear timeline for future planning. Whether you're looking to expand your portfolio, secure a prime location near campus, or capitalize on development potential, this is an exceptional opportunity you wont want to miss.
Property Type(s):
Single Family
|
Last Updated
|
5/11/2026
|
Tract
|
San Luis Obispo(380)
|
|
Year Built
|
1953
|
County
|
San Luis Obispo
|
Price History
|
Prior to May 11, '26
|
$1,575,000 |
| May 11, '26 - Today |
$1,498,000 |
Additional Details
| APPLIANCES |
Dishwasher, Disposal, Dryer, Gas Range, Microwave, Washer |
| HEAT |
Forced Air |
| LOT |
5101 sq ft |
| LOT DIMENSIONS |
4,000-7,499 SF |
| SEWER |
Public Sewer |
| STORIES |
1 |
| SUBDIVISION |
San Luis Obispo(380) |
| UTILITIES |
Electricity Available, Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Neighborhood, City Lights, Mountain(s) |
| WATER |
Public |
Listed with The Avenue Central Coast Realty, Inc.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation ©2026 San Diego MLS®, Inc.
Properties on this website was last updated as recently as 5/12/26 5:37 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.
Location
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email