1481 Balboa San Luis Obispo, CA $ 1,195,000
1481 Balboa
$ 1,195,000
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1481 Balboa

San Luis Obispo, CA, 93405
$ 1,195,000
Bedrooms6 Baths3.0 Sq 1,817

Monthly Estimate*

$ 7,358

Listed by The Avenue Central Coast Realty, Inc.
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Single Family Home for sale in San Luis Obispo, CA

for $1,195,000 with 6 bedrooms and 3 full baths. This 1,817 square foot home was built in 1963 on a lot size of 0.1377.

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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Single Family Active

Price

$ 1,195,000

Bedrooms

6

Full Bath

3

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.1377

Year Built

1963

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

SC26030333

Days on Market

15

Features
General
Living Area 1817
Sewer Public Sewer
Heating Central
Cooling None
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow See Remarks
Roof Composition
Appliances Dishwasher Gas Range Refrigerator Water Heater
HOA Fee 0
Garage Spaces 0
Patio/Porch Features Deck
Pool Features None
Construction Materials Stucco
Year Built 1963
View Mountain(s) Neighborhood
Stories Count 1
Levels One
Property Subtype Single Family Residence
Community Features Storm Drain(s) Suburban Sidewalks
County San Luis Obispo
New Construction false
Property Type Residential
HOA false
Subdivision Name San Luis Obispo(380)
Garage Y/N false
Full Baths 3
Special Listing Conditions Standard
Status Active
Directions Turn onto Oceanaire from Madonna; left on Atascadero right on Gulf left on Coral right on Balboa home is on the left
High School San Luis Obispo
City San Luis Obispo
Entry Location Front door
Senior Community Y/N false
High School District San Luis Coastal Unified
Number Of Units Total 2
MLS Area SLO - San Luis Obispo
Lot Size Units Square Feet
Lot Size Square Feet 6000
Listing Terms 1031 Exchange
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Current Financing Conventional
Property Condition Turnkey
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type House
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Tax Lot 4
Virtual Tour https://theavenueslo.com/property/1481-balboa-st-san-luis-obispo-ca-93405/
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities In-Law Floorplan Pantry Bedroom on Main Level
Flooring Carpet Vinyl
Fireplace Features Gas Wood Burning
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N true
Laundry Features Laundry Room
Total Bedrooms 6
Entry Level 1
Main Level Bedrooms 6
Main Level Bathrooms 3
Total Baths 3
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Exterior
Exterior Amenities Rain Gutters
Parking Features Driveway
Lot Features Back Yard Front Yard Garden Landscaped Level
Water Source Public
Total Parking 0
Lot Size Area 6000
Foundation Details Slab
Spa false
Lot Size Acres 0.1377
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Road Frontage Type City Street
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* Excluded Features
List By
The Avenue Central Coast Realty, Inc.

Broker

jed@theavenueslo.com

Email

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$7,358
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$7,358
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
San Luis Obispo High School High School
Pricing History
DatePricePrice ChangeDescription
2/10/2026$1,195,000 Listed Price

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1481 Balboa, San Luis Obispo, CA, 93405 is a Single Family Home for sale at $1,195,000 with 1,817 sqft and a lot size of 0.1377. 1481 Balboa has 6 bedrooms, 3.0 baths, and was built in 1963. The property's zip code is 93405 which is in San Luis Obispo, CA