1.jpg
1 / 28

2050 Hope Street, San Luis Obispo, CA 93405

$1.04M3bd · 2ba · 992 sqft
Lot 3,675 sqft•Single Family Residence•
Active
•66d on market•MLS# SC-26148913

Property Description

Calling all investors and Cal Poly parents! Opportunity awaits in this charming mid-century home ideally located in an established neighborhood just minutes from Cal Poly and downtown San Luis Obispo. A brick porch welcomes you into the open-concept living, dining, and kitchen areas, where durable luxury vinyl plank flooring extends throughout the main living spaces. The dining area features a large picture window overlooking the neighborhood, built-in cabinetry, and access to the front bedroom, which also offers its own exterior entrance to the backyard. The kitchen blends vintage charm with modern touches, featuring stainless steel appliances including a gas range and dishwasher, a farmhouse sink, generous cabinet storage, and a cozy breakfast bar. French doors open to the backyard, where a deck and mature shade trees create a private outdoor setting ready for your vision. The primary bedroom is connected to a Hollywood-style bath and enjoys direct backyard access. A second bathroom with a walk-in shower is located off the hallway, along with additional storage. Upstairs, a third bedroom offers high ceilings and convenient attic storage access. The backyard and landscaping present an excellent opportunity for customization, allowing the next owner to create an outdoor space that complements the home's character. Completing the property is a single-car garage with laundry area and utility sink. Filled with distinctive mid-century details, practical modern updates, and an unbeatable location near shopping, dining, parks, and Cal Poly, this is a rare opportunity to invest in one of San Luis Obispo's most established neighborhoods and unlock the home's full potential.

Features & Amenities

FeeBuilt 1941

Property Details

Land Type
Fee
Year Built
1941
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
1
Garage Spaces
1
Heating
Floor Furnace
Cooling
None
Flooring
Vinyl, Tile
City
San Luis Obispo
Zip Code
93405
County
San Luis Obispo
Listed byUnknown Office, Lindsey Harn

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,284.09
Principal & Interest
Loan Amount
$836,000
Total Interest
$1,066,272
Total Payment Over 30 Years
$1,902,272
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

2050 Hope Street, San Luis Obispo, CA 93405

San Luis Obispo · Single Family Residence

$1.04M
Affordable Tier
Beds
3
Baths
2
Sqft
992
Lot
3,675 sqft
Year
1941
$/Sqft
$1053
Pool: No✓
Spa: No✓
Garage: 1-car✓

Listed 11.2% above the median closed sale of $940,000. Price per sqft ($1,053) is a 17% premium to closed comps ($902). Closed comps sold at 101% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.04M· $1,053/sqft
Total list price
Closed comps
vs closed median $940K
+$105K (+11.2%)
Active comps
vs active median $889K
+$156K (+17.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $886
+$167 (+18.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
137 E Foothill BoulevardSan Luis Obispo1953311,0036,300$886$889,0002686
1778 VicenteSan Luis Obispo1963321,0405,400$768$799,000285
2061 Ward StreetSan Luis Obispo1938321,2007,103$1,025$1.23M10284
31 Rafael WaySan Luis Obispo1946218476,063$1,121$949,900981
296 Memphis Belle WaySan Luis Obispo2026321,1693,759$631$738,03116281
Total: 5 · Average2.81.61,051.85,725$886.2$921,166.260.2
Median1,040$889,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1910 Ruth StreetSan Luis Obispo193209/15/2026221,1643,863$1.03M$1.02M$8750.992086
131 Ramona DriveSan Luis Obispo195307/29/2026311,0036,300$940,000$940,000$9371.006085
785 IslaySan Luis Obispo194206/19/2026218534,320$995,000$995,000$1,1661.009984
1973 HuasnaSan Luis Obispo196307/07/2026321,0406,600$820,000$850,000$8171.042784
56 Los Verdes DriveSan Luis Obispo197407/23/2026221,0023,600$715,000$718,000$7171.003381
Total: 5 · Average2.41.61,012.44,936.6$904,200$904,200$902.4—47.8
Median1,003$940,000$940,000

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.