389 Pismo Street San Luis Obispo, CA 93401
Listing Courtesy of: San Diego, CA MLS / Keller Williams Realty Central Coast

  389 Pismo Street San Luis Obispo, CA 93401

Active (100 Days)
$1,799,000
4
BED
3
BATH
2,190
SQFT

Description

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 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 unitsbuyers 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. 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! 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 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 unitsbuyers 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. 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!

MLS #:
306378628
Lot Size
0.25 acres
Type
Single-Family Home
Year Built
1929
Views
Neighborhood, Mountains/Hills
County
San Luis Obispo County

Listed By

Hal Sweasey, Keller Williams Realty Central Coast
Source
San Diego, CA MLS
Last checked Jun 1 2025 at 9:01 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Electric Oven
  • Electric Range
Property Features
  • Curbs
  • Sidewalks
Heating and Cooling
  • Forced Air Unit
Flooring
  • Carpet
  • Tile
  • Wood
Utility Information
  • Utilities: Public
  • Sewer: Public Sewer
Garage
  • Carport
  • Garage
  • Driveway
Parking
  • Carport
  • Garage
  • Driveway
Stories
  • 1 Story
Living Area
  • 2,190 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Mar 25, 2025
Price Changed
$1,799,000
89%
849,000
Mar 22, 2025
Price Changed
$950,000
-14%
-149,000
Feb 21, 2025
Original Price
$1,099,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
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