
2050 Hope Street, San Luis Obispo, CA 93405
2050 Hope Street, San Luis Obispo, CA 93405
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
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
San Luis Obispo · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 137 E Foothill Boulevard | San Luis Obispo | 1953 | 3 | 1 | 1,003 | 6,300 | $886 | $889,000 | 26 | 86 |
| 1778 Vicente | San Luis Obispo | 1963 | 3 | 2 | 1,040 | 5,400 | $768 | $799,000 | 2 | 85 |
| 2061 Ward Street | San Luis Obispo | 1938 | 3 | 2 | 1,200 | 7,103 | $1,025 | $1.23M | 102 | 84 |
| 31 Rafael Way | San Luis Obispo | 1946 | 2 | 1 | 847 | 6,063 | $1,121 | $949,900 | 9 | 81 |
| 296 Memphis Belle Way | San Luis Obispo | 2026 | 3 | 2 | 1,169 | 3,759 | $631 | $738,031 | 162 | 81 |
| Total: 5 · Average | 2.8 | 1.6 | 1,051.8 | 5,725 | $886.2 | $921,166.2 | 60.2 | |||
| Median | 1,040 | $889,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1910 Ruth Street | San Luis Obispo | 1932 | 09/15/2026 | 2 | 2 | 1,164 | 3,863 | $1.03M | $1.02M | $875 | 0.99 | 20 | 86 |
| 131 Ramona Drive | San Luis Obispo | 1953 | 07/29/2026 | 3 | 1 | 1,003 | 6,300 | $940,000 | $940,000 | $937 | 1.00 | 60 | 85 |
| 785 Islay | San Luis Obispo | 1942 | 06/19/2026 | 2 | 1 | 853 | 4,320 | $995,000 | $995,000 | $1,166 | 1.00 | 99 | 84 |
| 1973 Huasna | San Luis Obispo | 1963 | 07/07/2026 | 3 | 2 | 1,040 | 6,600 | $820,000 | $850,000 | $817 | 1.04 | 27 | 84 |
| 56 Los Verdes Drive | San Luis Obispo | 1974 | 07/23/2026 | 2 | 2 | 1,002 | 3,600 | $715,000 | $718,000 | $717 | 1.00 | 33 | 81 |
| Total: 5 · Average | 2.4 | 1.6 | 1,012.4 | 4,936.6 | $904,200 | $904,200 | $902.4 | — | 47.8 | ||||
| Median | 1,003 | $940,000 | $940,000 | ||||||||||
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.