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389 Pismo & 1417 Carmel, this property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. 389 Pismo is a charming 2-bedroom, 1-bath ~890 sq ft house showcasing classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a ¾ bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units—buyers should check with the city regarding development options. 1417 Carmel is a Duplex featuring 2 One bedroom, 1 bath units with approximately 1144 sq ft total, built in the 1950's. Unit A is the larger of the two, and features a comfortable living room, a washer/dryer closet enclosure in the kitchen and a separate bedroom and full bathroom. Unit B offers an open floor plan with a washer/dryer closet enclosure in the living room, a separate bedroom and a full bath. Located in the highly desirable downtown San Luis Obispo area, this property is an exceptional opportunity for investors, developers, or homeowners looking to maximize value. Don't miss out on this rare find!
| Last Updated | 3/26/2025 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1929 | Community | San Luis Obispo |
| Garage Spaces | 2.0 | County | San Luis Obispo |
SCHOOLS
| School District | San Luis Coastal Unified |
|---|
Additional Details
| AIR | None |
|---|---|
| AREA | San Luis Obispo |
| FIREPLACE | Yes |
| GARAGE | Carport, Driveway, RV Access/Parking, Yes |
| HOA DUES | 0 |
| LOT | 10700 sq ft |
| LOT DESCRIPTION | Front Yard |
| PARKING | Carport,Driveway,RV Access/Parking |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | San Luis Obispo(380) |
| VIEW | Yes |
| VIEW DESCRIPTION | Hills,Neighborhood |
| WATER | Public |
| ZONING | R3 |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/25 2:14 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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