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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.
Property Type(s):
Single Family
| 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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Listed with Triad Real Estate Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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