389 Pismo &' 1417 Carmel, this property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. 389 Pismo is a charming 2-bedroom, 1-bath ~890 sq ft house showcasing classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a ¾ bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units—buyers should check with the city regarding development options. 1417 Carmel is a Duplex featuring 2 One bedroom, 1 bath units with approximately 1144 sq ft total, built in the 1950''s. Unit A is the larger of the two, and features a comfortable living room, a washer/dryer closet enclosure in the kitchen and a separate bedroom and full bathroom. Unit B offers an open floor plan with a washer/dryer closet enclosure in the living room, a separate bedroom and a full bath. Located in the highly desirable downtown San Luis Obispo area, this property is an exceptional opportunity for investors, developers, or homeowners looking to maximize value. Don''t miss out on this rare find!
Current real estate data for Single Family in San Luis Obispo as of Jun 01, 2025
108
Single Family Listed
69
Avg DOM
784
Avg $ / SqFt
$2,003,972
Avg List Price
Property Details
Price:
$1,650,000
MLS #:
SC25064738
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Feb 21, 2025
Finished Sq Ft:
2,190
Lot Size:
10,890 sqft / 0.25 acres (approx)
Year Built:
1929
Schools
School District:
San Luis Coastal Unified
Interior
Cooling
None
Fireplace Features
Living Room
Flooring
Carpet, Vinyl, Wood
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
2.00
Lot Features
Front Yard
Parking Features
Carport, Driveway, R V Access/ Parking
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
Hills, Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Map
Contact Us
Mortgage Calculator
Community
- Address389 Pismo & 1417 Carmel San Luis Obispo CA
- NeighborhoodSLO – San Luis Obispo
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Subdivisions in San Luis Obispo
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Property Summary
- Located in the San Luis Obispo(380) subdivision, 389 Pismo & 1417 Carmel San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93401. It is listed for $1,650,000 and features 4 beds, 4 baths, and has approximately 2,190 square feet of living space, and was originally constructed in 1929. The current price per square foot is $753. The average price per square foot for Single Family listings in San Luis Obispo is $784. The average listing price for Single Family in San Luis Obispo is $2,003,972.
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389 Pismo & 1417 Carmel
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