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123 Ramona, San Luis Obispo, CA 93405

$1.29M4bd · 3ba · 2,180 sqft
Lot 6,190 sqft•Single Family Residence•
Active
•139d on market•MLS# SC-26112646

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

FeeBuilt 1953

Property Details

Land Type
Fee
Year Built
1953
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
1
Garage Spaces
1
Heating
Forced Air
Cooling
None
View
Hills, Mountain(s)
Flooring
Vinyl, Carpet, Tile, Wood
Roof
Shingle, Composition
City
San Luis Obispo
Zip Code
93405
County
San Luis Obispo
Listed byTriad Real Estate Group, Jenna Lee

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,548.22
Principal & Interest
Loan Amount
$1,036,000
Total Interest
$1,321,361
Total Payment Over 30 Years
$2,357,361
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

Residential Tier · 5 active · 5 closed

123 Ramona, San Luis Obispo, CA 93405

San Luis Obispo · Single Family Residence

$1.29M
Residential Tier
Beds
4
Baths
3
Sqft
2,180
Lot
6,190 sqft
Year
1953
$/Sqft
$594
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 1-car✓

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.

Price advantage
Subject listed at $1.29M· $594/sqft
Total list price
Closed comps
vs closed median $1.68M
−$380K (−22.7%)
Active comps
vs active median $1.40M
−$104K (−7.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $662
−$68 (−10.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
342 Tresana LaneSan Luis Obispo2017432,2815,688$657$1.50M2089
263 Bridge StreetSan Luis Obispo2019332,0945,343$597$1.25M2585
1560 Phillips LaneSan Luis Obispo1952331,8486,600$731$1.35M1182
2021 SkylarkSan Luis Obispo1962432,39910,624$698$1.68M22080
43 Buena Vista AvenueSan Luis Obispo1985332,2336,800$627$1.40M177
Total: 5 · Average3.43.02,1717,011$662$1.43M55.4
Median2,233$1.40M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
957 West StreetSan Luis Obispo195807/28/2026321,8816,160$1.69M$1.73M$9201.023386
960 San Adriano CourtSan Luis Obispo198507/17/2026332,1486,820$1.70M$1.68M$7840.994486
1879 San Luis DriveSan Luis Obispo195009/15/2026422,2007,500$1.79M$1.68M$7610.934282
479 MitchellSan Luis Obispo195007/24/2026332,3337,150$1.20M$1.12M$4800.9421879
4545 WavertreeSan Luis Obispo199709/07/2026432,0916,473$1.35M$1.35M$6461.003279
Total: 5 · Average3.42.62,130.66,820.6$1.51M$1.51M$718.2—73.8
Median2,148$1.68M$1.68M

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.