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.
The income description goes here to explain
| List Price | $1,498,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,471 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1953 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 052122011 |
| MLS # | SC26077014 |
| Property ID | 322742659 |
| Lot Sqft | 5,100 |
| Zoning | Unknown |
| Total Units | 1 |
| Days on Market | 50 |
| Original List Price | $1,575,000 |
| Applicances | Built-In Range,Dishwasher,Disposal,Gas Range,Microwave,Dryer,Washer% |
| Date Updated | May 11, 2026 |
| Date Created | April 10, 2026 |
Amy Daane an agent of . Lic #01902657
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 11, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT