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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.
Property Type(s):
Single Family
| 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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Listed with The Avenue Central Coast Realty, Inc.
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