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$1,099,000

Est. payment - /mo

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2 BD

1 BA

1,046 SqFt

New

389 Pismo ST San Luis Obispo, CA 93401

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Geralyn Rappaport

geralyn@rappaportrealty.com +1(909) 327-6286

UPDATED:

03/04/2025 12:45 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,046 sqft

Price per Sqft $1,050

Subdivision San Luis Obispo(380)

MLS Listing ID SC25040274

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1929

Lot Size 7,501 Sqft

Property Sub-Type Single Family Residence

Property Description

This property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. The charming 2-bedroom, 1-bath main house showcases classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a ¾ bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units—buyers should check with the city regarding development options. Located in the highly desirable downtown San Luis Obispo area, this property is an exceptional opportunity for investors, developers, or homeowners looking to maximize value. Don't miss out on this rare find!

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Rooms

Main Level Bedrooms 2

Interior

Interior Features Separate/Formal Dining Room

Heating Forced Air

Cooling None

Flooring Carpet, Tile, Wood

Fireplaces Type Living Room

Fireplace Yes

Appliance Electric Oven, Electric Range

Laundry In Kitchen

Exterior

Parking Features Carport, Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

View Y/N Yes

View Hills, Neighborhood

Porch Concrete

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 003611007

Acceptable Financing Cash, Cash to Existing Loan

Listing Terms Cash, Cash to Existing Loan

Special Listing Condition Trust

Listed by Hal Sweasey • Keller Williams Realty Central Coast • 805-781-3750