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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 bedroom"”maximizing 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 deck"”perfect 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 won't want to miss.
| Last Updated | 4/10/2026 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1953 | Community | SLO - San Luis Obispo |
| County | San Luis Obispo |
SCHOOLS
| High School | San Luis Obispo |
|---|
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Built-In Range, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Washer |
| AREA | SLO - San Luis Obispo |
| FIREPLACE | Yes |
| HEAT | Central |
| INTERIOR | Eat-in Kitchen, Master Downstairs |
| LOT | 5101 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Near Public Transit |
| LOT DIMENSIONS | 5100 |
| PARKING | Attached Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Hills, Mountain(s), Neighborhood |
| WATER | Public |
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 4/10/26 11:13 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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