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Located in one of San Luis Obispo's most desirable neighborhoods just minutes from California Polytechnic State University, downtown SLO, famous nearby mountains and top-rated schools, this exceptional property offers charm, versatility, and income-producing opportunity for owner-occupants, investors, or those seeking multi-generational living. Situated on an expansive 6,190± square foot parcel, the property features approximately 2,180± square feet of living space. The main residence offers a functional and inviting layout filled with abundant natural light. The first floor includes a well-appointed kitchen with stainless steel appliances, two bedrooms, one full bathroom, a bonus area, living room, oversized family room, in-unit laundry, and a garage currently utilized for storage. Upstairs, the private primary suite creates a peaceful retreat complete with a full bathroom and walk-in closet. Adding even more flexibility, the attached, permitted studio features its own private entrance, kitchenette, and full bathroom"”ideal for guests, extended family, student housing, or rental income. Other highlights include ample storage, an updated electrical panel, rear rock patio, and mature fruit bearing trees. The generous floor plan presents potential for additional bedrooms or bathrooms, and the garage may present ADU conversion, subject to buyer verification and approval with the City of San Luis Obispo. Currently tenant-occupied through June 30, 2026, the property generates rental income with the main residence leased at $4,655/month and the studio at $1,545/month, with potential rental upside for market-rate adjustments, making it an attractive opportunity for investors seeking long-term cash flow in a high demand rental market. Whether you envision a beautiful primary residence, an income-producing investment, or a property with room to expand and create, this home offers endless potential in an unbeatable location. Rarely do opportunities like this become available in the Bishop Knoll neighborhood.
| Last Updated | 5/25/2026 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1953 | Community | SLO - San Luis Obispo |
| Garage Spaces | 1.0 | County | San Luis Obispo |
SCHOOLS
| Elementary School | Bishop's Peak |
|---|---|
| Jr. High School | Laguna |
| High School | San Luis Obispo |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Disposal, Dryer, Freezer, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer |
| AREA | SLO - San Luis Obispo |
| BASEMENT | Sump Pump, Yes |
| CONSTRUCTION | Stone, Stucco, Wood Siding |
| EXTERIOR | Rain Gutters |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Ceiling Fan(s), Eat-in Kitchen, Recessed Lighting, Storage, Walk-In Closet(s) |
| LOT | 6190 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Landscaped, Near Public Transit |
| LOT DIMENSIONS | 6190 |
| PARKING | Attached, Concrete, Covered, Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | 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 5/30/26 8:52 PM 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
This IDX solution is (c) Diverse Solutions 2026.
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