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1481 Balboa

San Luis Obispo, CA 93405
  • $1,195,000
  • STATUS: Active Under Contract
  • ON SITE: 26 Days
  • ID#: SC26030333
Under Contract
UPDATED: 48 min ago
$1,195,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,817
    SQFT
  • $658
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1963
County:

School Information

High School:
School District:
Listing Agent(s): Jed Damschroder of The Avenue Central Coast Realty, Inc. (805-548-2670)


Description

Tucked away on a quiet street in the Laguna Lake area, this nicely maintained property offers exceptional flexibility and value on a 6,000 sq. ft. lot. The main residence features 4 bedrooms and 2 bathrooms, complemented by a brand-new 2-bedroom, 1-bath attached ADU with its own private entrance—ideal for investors, extended family living, or rental income. The main home has been thoughtfully updated with newer windows, vinyl plank flooring throughout much of the house, and a refreshed bathroom featuring a new shower and vanity. Many major systems have also been improved, including a newer roof, a furnace upgrade, and extensive foundation shoring completed by Foundation Solutions, providing peace of mind for years to come. The kitchen and living room are generously sized and functional, while all four bedrooms offer comfortable proportions. The newly constructed garage-conversion ADU is stylish and turnkey, boasting a full kitchen with quartz countertops, stylish tile backsplash, and stainless steel appliances. The modern bathroom features a subway tile shower with a frameless glass enclosure, and vinyl plank flooring runs throughout the unit. Outside, enjoy a large driveway with ample parking and a peaceful backyard complete with a deck platform and storage shed—perfect for relaxing or entertaining. Whether you’re looking for a strong investment opportunity, a perfect setup for Cal Poly students, or a home with private guest quarters, this versatile Laguna Lake property truly checks all the boxes.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T22:28:17.09. 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 deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/172922947
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1481 Balboa San Luis Obispo, CA 93405

  • Price: $1,195,000
  • Status: Active Under Contract
  • On Site: 26 Days
  • Updated: 48 min ago
  • ID#: SC26030333
6
Beds
3
Baths
0
½ Baths
0.14
Acres
1,817
SQFT
$658
$/SQFT
1963
Built
Neighborhood:
San Luis Obispo(380)
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
High School:
San Luis Obispo
School District:
San Luis Coastal Unified
Property Description
Tucked away on a quiet street in the Laguna Lake area, this nicely maintained property offers exceptional flexibility and value on a 6,000 sq. ft. lot. The main residence features 4 bedrooms and 2 bathrooms, complemented by a brand-new 2-bedroom, 1-bath attached ADU with its own private entrance—ideal for investors, extended family living, or rental income. The main home has been thoughtfully updated with newer windows, vinyl plank flooring throughout much of the house, and a refreshed bathroom featuring a new shower and vanity. Many major systems have also been improved, including a newer roof, a furnace upgrade, and extensive foundation shoring completed by Foundation Solutions, providing peace of mind for years to come. The kitchen and living room are generously sized and functional, while all four bedrooms offer comfortable proportions. The newly constructed garage-conversion ADU is stylish and turnkey, boasting a full kitchen with quartz countertops, stylish tile backsplash, and stainless steel appliances. The modern bathroom features a subway tile shower with a frameless glass enclosure, and vinyl plank flooring runs throughout the unit. Outside, enjoy a large driveway with ample parking and a peaceful backyard complete with a deck platform and storage shed—perfect for relaxing or entertaining. Whether you’re looking for a strong investment opportunity, a perfect setup for Cal Poly students, or a home with private guest quarters, this versatile Laguna Lake property truly checks all the boxes.
Exterior Features

Construction Materials Stucco Entry Level 1 Entry Location Front door Exterior Features Rain Gutters Foundation Details Slab Lot Features Back YardFront YardGardenLandscapedLevel Parking Features Driveway Parking Total 0 Patio And Porch Features Deck Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Sign On Property YN Yes Spa Features None Spa YN No View Mountain(s)Neighborhood View YN Yes

Interior Features

Appliances DishwasherGas RangeRefrigeratorWater Heater Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features GasWood Burning Fireplace YN Yes Flooring CarpetVinyl Heating Central Heating YN Yes Interior Features In-Law FloorplanPantryBedroom on Main Level Main Level Bathrooms 3 Main Level Bedrooms 6 Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Storm Drain(s)SuburbanSidewalks Current Financing Conventional Garage YN No Land Lease YN No Laundry Features Laundry Room Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange New Construction YN No Possession Close Of EscrowSee Remarks Property Condition Turnkey Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T22:28:17.09. 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 deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
 
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Equity Union
860 Walnut St. Ste C
San Luis Obispo CA, 93401
Listing Agent(s): Jed Damschroder of The Avenue Central Coast Realty, Inc. (805-548-2670)