
123 Ramona, San Luis Obispo, CA 93405
123 Ramona, San Luis Obispo, CA 93405
Property Description
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. Whether envisioned as a 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.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Residential Tier · 5 active · 5 closed
San Luis Obispo · Single Family Residence
Listed 22.7% below the median closed sale of $1,675,000. Price per sqft ($594) is a 17% discount to closed comps ($718).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 342 Tresana Lane | San Luis Obispo | 2017 | 4 | 3 | 2,281 | 5,688 | $657 | $1.50M | 20 | 89 |
| 263 Bridge Street | San Luis Obispo | 2019 | 3 | 3 | 2,094 | 5,343 | $597 | $1.25M | 25 | 85 |
| 1560 Phillips Lane | San Luis Obispo | 1952 | 3 | 3 | 1,848 | 6,600 | $731 | $1.35M | 11 | 82 |
| 2021 Skylark | San Luis Obispo | 1962 | 4 | 3 | 2,399 | 10,624 | $698 | $1.68M | 220 | 80 |
| 43 Buena Vista Avenue | San Luis Obispo | 1985 | 3 | 3 | 2,233 | 6,800 | $627 | $1.40M | 1 | 77 |
| Total: 5 · Average | 3.4 | 3.0 | 2,171 | 7,011 | $662 | $1.43M | 55.4 | |||
| Median | 2,233 | $1.40M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 957 West Street | San Luis Obispo | 1958 | 07/28/2026 | 3 | 2 | 1,881 | 6,160 | $1.69M | $1.73M | $920 | 1.02 | 33 | 86 |
| 960 San Adriano Court | San Luis Obispo | 1985 | 07/17/2026 | 3 | 3 | 2,148 | 6,820 | $1.70M | $1.68M | $784 | 0.99 | 44 | 86 |
| 1879 San Luis Drive | San Luis Obispo | 1950 | 09/15/2026 | 4 | 2 | 2,200 | 7,500 | $1.79M | $1.68M | $761 | 0.93 | 42 | 82 |
| 479 Mitchell | San Luis Obispo | 1950 | 07/24/2026 | 3 | 3 | 2,333 | 7,150 | $1.20M | $1.12M | $480 | 0.94 | 218 | 79 |
| 4545 Wavertree | San Luis Obispo | 1997 | 09/07/2026 | 4 | 3 | 2,091 | 6,473 | $1.35M | $1.35M | $646 | 1.00 | 32 | 79 |
| Total: 5 · Average | 3.4 | 2.6 | 2,130.6 | 6,820.6 | $1.51M | $1.51M | $718.2 | — | 73.8 | ||||
| Median | 2,148 | $1.68M | $1.68M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.