2049 Sierra Way, San Luis Obispo, CA 93401
2049 Sierra Way, San Luis Obispo, CA 93401
Property Description
A rare San Luis Obispo opportunity in the highly desirable area locals know as the "Banana Belt," set on a generous 6,534 +/- square foot lot. This property has been held by the same ownership for more than 50 years and is now being offered for sale for the first time in decades. The property features a 3-bedroom, 1-bath main residence of approximately 1,006 square feet, plus a detached bedroom, 1-bath unit of approximately 400 square feet. The detached unit provides exceptional flexibility for extended family, guests, a home office, or potential rental use, subject to applicable requirements. The main residence has been refreshed with beautifully refinished hardwood floors, fresh interior paint, and updated LED ceiling light fixtures. The combination of the main home and the detached unit creates a versatile property configuration that is increasingly difficult to find in SLO. Located in the desirable Banana Belt, the property is conveniently situated near Cal Poly, downtown SLO, restaurants, shopping, parks, and outdoor recreation. San Luis Obispo offers the ideal combination of a vibrant university-town atmosphere and relaxed lifestyle of the Central Coast.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
San Luis Obispo · Single Family Residence
Listed in line with the median closed sale of $935,000. Closed comps sold at 102% of list — strong seller's market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 3078 Johnson Avenue | San Luis Obispo | 1961 | 3 | 2 | 1,446 | 7,061 | $830 | $1.20M | 17 | 91 |
| 2599 Helena Street | San Luis Obispo | 1953 | 4 | 2 | 1,341 | 6,089 | $1,007 | $1.35M | 79 | 87 |
| 2061 Ward Street | San Luis Obispo | 1938 | 3 | 2 | 1,200 | 7,103 | $1,025 | $1.23M | 102 | 81 |
| 2035 Rachel Street | San Luis Obispo | 1995 | 3 | 2 | 1,565 | 6,041 | $636 | $995,000 | 2 | 81 |
| 133 Tassajara | San Luis Obispo | 1944 | 3 | 3 | 1,694 | 5,251 | $708 | $1.20M | 32 | 76 |
| Total: 5 · Average | 3.2 | 2.2 | 1,449.2 | 6,309 | $841.2 | $1.19M | 46.4 | |||
| Median | 1,446 | $1.20M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1326 Cecelia Court | San Luis Obispo | 1963 | 09/16/2026 | 3 | 2 | 1,410 | 7,750 | $975,000 | $1.05M | $745 | 1.08 | 33 | 91 |
| 1236 Cayucos Drive | San Luis Obispo | 1962 | 07/29/2026 | 3 | 1 | 1,262 | 6,600 | $799,900 | $790,000 | $626 | 0.99 | 36 | 90 |
| 1107 Atascadero Street | San Luis Obispo | 1961 | 09/11/2026 | 4 | 2 | 1,380 | 6,100 | $896,000 | $864,000 | $626 | 0.96 | 57 | 88 |
| 321 Tolosa Way | San Luis Obispo | 1951 | 10/02/2026 | 3 | 2 | 1,652 | 7,333 | $1.29M | $1.35M | $817 | 1.04 | 27 | 86 |
| 1351 Avalon Street | San Luis Obispo | 1963 | 08/31/2026 | 3 | 2 | 1,665 | 6,000 | $925,000 | $935,000 | $562 | 1.01 | 39 | 85 |
| Total: 5 · Average | 3.2 | 1.8 | 1,473.8 | 6,756.6 | $997,800 | $997,800 | $675.2 | — | 38.4 | ||||
| Median | 1,410 | $935,000 | $935,000 | ||||||||||
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.