123 Ramona, San Luis Obispo, CA 93405
123 Ramona, San Luis Obispo, CA 93405
123 Ramona, San Luis Obispo, CA 93405
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Elite Real Estate Group

Elite Real Estate Group

$1,515,000
Est. payment /mo
4 Beds
3 Baths
2,180 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,180 sqft

Price per Sqft $694

Subdivision San Luis Obispo(380)

MLS Listing ID SC26112646

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1953

Lot Size 6,189 Sqft

Property Sub-Type Single Family Residence

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. Currently tenant-occupied through June 30, 2026, the property generates rental income with the main residence leased at $4,655/month and the studio at $1,545/month, with potential rental upside for market-rate adjustments, making it an attractive opportunity for investors seeking long-term cash flow in a high demand rental market. Whether you envision a beautiful 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.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Rooms

Basement Sump Pump

Main Level Bedrooms 3

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen, Quartz Counters, Recessed Lighting, Storage, Unfurnished, Attic, Bedroom on Main Level, Walk-In Closet(s)

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Tile, Vinyl, Wood

Fireplaces Type Family Room, Gas

Fireplace Yes

Appliance Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Dryer, Sump Pump, Washer

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Exterior Feature Rain Gutters

Parking Features Concrete, Covered, Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Fence Chain Link, Wood

Pool None

Community Features Curbs, Gutter(s), Hiking, Mountainous, Street Lights, Sidewalks, Park

Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View Hills, Mountain(s), Neighborhood

Roof Type Composition,Shingle

Accessibility Low Pile Carpet, Parking

Porch Concrete, Covered, Front Porch, Open, Patio, Porch, Stone, Tile

Total Parking Spaces 1

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Drip Irrigation/Bubblers, Front Yard, Landscaped, Near Park, Near Public Transit

Dwelling Type House

Faces North

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Bishop'S Peak

Middle Schools Laguna

High Schools San Luis Obispo

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 052361010

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info
CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jenna Lee Triad Real Estate Group 805-503-0572, DRE #02205220

Nearby Schools & Businesses

GET MORE INFORMATION

Elite Real Estate Group

Elite Real Estate Group

Team

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Elite Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

123 Ramona