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Sold for $1,500,000 on 08/21/25
  • Listing Provided by: 

    Hal Sweasey DRE #01111911 805-781-3750,

    Keller Williams Realty Central Coast

    $1,500,000

    389 Pismo St #&-1417, San Luis Obispo, CA 93401

    4beds
    2,190sqft
    Single Family Residence
    Built in 1929
    10,700 Square Feet Lot
    $1,500,000 Zestimate®
    $685/sqft
    $-- Estimated rent

    What's special

    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. The 2nd bedroom has new carpet installed and the bathroom has been newly painted with a new backsplash above the bathtub. 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, with fresh carpet and paint, 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!

    Zillow last checked: 7 hours ago

    Listing updated: August 22, 2025 at 11:00am

    Listing Provided by:

    Hal Sweasey DRE #01111911 805-781-3750,

    Keller Williams Realty Central Coast

    Bought with:

    Ginger Woods, DRE #01410200

    Paramount Properties

    Source: CRMLS,MLS#: SC25064738MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 3/4 bathrooms: 1
    • Main level bathrooms: 4
    • Main level bedrooms: 4
    Cooling
    • None
    Appliances
    • Laundry: Inside
    Features
    • Flooring: Carpet, Vinyl, Wood
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 2,190 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport, Driveway, RV Access/Parking
    • Garage spaces: 2
    • Has carport: Yes
    • Uncovered spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Has view: Yes
    • View description: Hills, Neighborhood
    Lot
    • Size: 10,700 sqft
    • Features: Front Yard
    Details
    • Additional structures: Guest House Detached, Two On A Lot
    • Additional parcels included: 003661020
    • Parcel number: 003611007
    • Zoning: R3
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1929

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: San Luis Obispo
    • Subdivision: San Luis Obispo(380)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $1,500,000
    2% more+ $30,000
    With Zillow Showcase(estimated)
    $1,530,000