USACASan Luis ObispoSan Luis Obispo(380)123 Ramona Dr

123 Ramona Dr, San Luis Obispo, CA

Name: 123 Ramona Dr, For Sale in San Luis Obispo - eXp Realty
Brand: Triad Real Estate Group
SKU: SC26112646
Price: 1515000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,515,000

431

MLS® SC26112646

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2180 sqft

Garage Yes

Taxes

Days Active 1

Lot Size

Approx. Age 1953

Avg. Price Per Sqft $694

MLS® Number SC26112646

Property Address: 123 Ramona Dr, San Luis Obispo, CA, 93405-1557

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberSC26112646

Laundry LevelEnsuite

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1953

BasementSump Pump

DrivewayConcrete, Covered, Driveway, Garage

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 26, 2026List Date

$1,515,000List Price

Home Appraisal

This property is estimated to sell between: $1,226,000 and $1,660,000.

Similar properties in this area sold on average for: $1,226,875

Expected to sell in 24 days. Similar properties sold in 25 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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