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.
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
City Lights, Hills, Mountain(s), Neighborhood
Separate/Formal Dining Room, Eat-in Kitchen, Quartz Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Primary Suite
Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Dryer, Washer
Back Yard, Front Yard, Near Public Transit, Street Level, Value In Land, Walkstreet, Yard
The Avenue Central Coast Realty, Inc.
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,575,000 to $1,498,000 |
Amy Daane, The Avenue Central Coast Realty, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2026 at 7:45am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.