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1163 Laurel Lane, San Luis Obispo, CA 93401

$450K2bd · 1ba · 900 sqft
Lot 900 sqft•HOA $330/mo•Condominium•
Active
•70d on market•MLS# PI-26165721

Property Description

SELLER IS WILLING TO PROVIDE A CREDIT FOR A RATE BUYDOWN! Introducing "Southwood Landing," a centrally located two-story condominium nestled within the desirable Southwood Chalets community in the heart of San Luis Obispo. Offering 2 bedrooms, 1 bathroom, two designated parking spaces, and a low-maintenance lifestyle, this residence presents an exceptional opportunity for first-time homebuyers, investors, or anyone seeking the convenience of Central Coast living. Ideally located just minutes from Downtown San Luis Obispo, shopping, dining, parks, and public transportation, the home offers easy access to the area's most popular amenities while enjoying the benefits of a well-established community. Inside, the bright living room features laminate flooring, additional storage, and a seamless flow into the kitchen, creating a functional layout for everyday living and entertaining. The kitchen offers ample cabinetry and storage, a ceiling fan, and direct access to the private outdoor patio, extending the living space outdoors. Upstairs, both bedrooms are comfortably sized with carpet flooring and natural light, while the bathroom is thoughtfully appointed with a walk-in shower, detachable showerhead, built-in shelving, and a window that fills the space with natural light. The fully fenced patio provides a private outdoor retreat, complete with a mature orange tree, a storage shed, and space for outdoor dining, entertaining, or relaxing. Combining a functional two-story layout, private outdoor space, and an exceptional location within the sought-after Southwood Chalets community, “Southwood Landing” offers a wonderful opportunity to enjoy the San Luis Obispo lifestyle in one of the Central Coast's most desirable cities.

Features & Amenities

FeeBuilt 1963

Property Details

Land Type
Fee
Year Built
1963
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
0
Cooling
None
Flooring
Carpet, Laminate
City
San Luis Obispo
Zip Code
93401
County
San Luis Obispo
Listed byUnknown Office, Chelsea King

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,275.44
Principal & Interest
Loan Amount
$360,000
Total Interest
$459,160
Total Payment Over 30 Years
$819,160
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

1163 Laurel Lane, San Luis Obispo, CA 93401

San Luis Obispo · Condominium

$450K
Affordable Tier
Beds
2
Baths
1
Sqft
900
Lot
900 sqft
Year
1963
$/Sqft
$500
Pool: No✓
Spa: No✓

Listed 18.2% below the median closed sale of $550,000. Price per sqft ($500) is a 18% discount to closed comps ($607).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $450K· $500/sqft
Total list price
Closed comps
vs closed median $550K
−$100K (−18.2%)
Active comps
vs active median $550K
−$100K (−18.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $580
−$80 (−13.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
680 Chorro StreetSan Luis Obispo198021878878$541$475,000393
1033 SouthwoodSan Luis Obispo198722966966$569$550,0006783
864 LawrenceSan Luis Obispo201421825890$697$575,00011982
365 ChorroSan Luis Obispo1985221,0321,032$532$549,00017280
2230 ExpositionSan Luis Obispo1985221,0671,067$561$599,0002078
Total: 5 · Average2.01.6953.6966.6$580$549,60076.2
Median966$550,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1151 LaurelSan Luis Obispo196307/31/202621900900$565,000$575,000$6391.027799
2975 Rockview PlaceSan Luis Obispo198506/18/202621907890$519,000$519,000$5721.009390
1043 Southwood DriveSan Luis Obispo198707/24/202621892892$555,000$545,000$6110.9817490
570 PeachSan Luis Obispo197507/28/202622918918$569,900$550,000$5990.9614790
570 PeachSan Luis Obispo197507/22/202622918918$585,000$565,000$6150.977490
Total: 5 · Average2.01.4907903.6$550,800$550,800$607.2—113
Median907$550,000$550,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.