$ 1,515,000
-
$1,515,000
Price -
4
Bed -
3
Bath -
2,180
SqFt
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About the Listing SP798 - SC02205220
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.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Residential
MLS ®
SC26112646
Year Built
1953
Total Square Footage
2,180
Lot/Acreage
0.14
County
San Luis Obispo
Neighborhood
San Luis Obispo(380)
School District
San Luis Coastal Unified
Elementary School
Bishop's Peak
Middle School
Laguna
High School
San Luis Obispo
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Dryer, Sump Pump, Washer
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces: Family Room,Gas
- Floor: Carpet,Tile,Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Sump Pump
- Other: Ceiling Fan(s),Eat-in Kitchen,Quartz Counters,Recessed Lighting,Storage,Unfurnished,Attic,Bedroom on Main Level,Walk-In Closet(s)
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,Back Yard,Drip Irrigation/Bubblers,Front Yard,Landscaped,Near Park,Near Public Transit,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof: Composition,Shingle
- Others: Rain Gutters,Drywall,Stone,Stucco,Wood Siding,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Concrete,Covered,Driveway,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 052361010
- Tax Year: N/A
Payment Calculator
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Questions About..
123 Ramona San Luis Obispo, CA 93405
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