Active

2873 & 2871 Studio Drive

Cayucos, CA 93430
Mark as Favorite
Bed 6

Bed

Bath 3

Bath

SqFt2,772

Sqft

SqFt4,400

Sqft(Lot)

Welcome to 2873 and 2971 Studio Drive, a rare luxury THREE UNIT coastal property on one of Cayucos’ most coveted streets, just steps from the sand. Situated on an oversized DOUBLE LOT, this exceptional offering consists of a legal duplex with one residence thoughtfully configured into two separate living spaces, creating three distinct residences in total. The property has been meticulously renovated throughout and delivers an impressive approximate $200,000 in gross annual rental income. The property has undergone significant updates in 2024/2025, including new appliances, new HVAC and wall heaters, new in-slab plumbing, new bathrooms, and updated electrical throughout the home, offering a truly turnkey coastal investment. The main residence offers a modern four-bedroom, two-bathroo m layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining. The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations, multigenerational living, or premium rental use. A rare THREE-CAR GARAGE provides additional parking and storage, a highly sought-after amenity in this prime beachside location. With BEACH ACCESS just steps from the front door, panoramic coastal views, turnkey condition, and exceptional layout flexibility, this property presents a unique opportunity to enjoy the ultimate California beach lifestyle while benefiting from strong, proven rental performance. Live in one residence while generating income from the others, or create a stunning multigenerational coastal compound. Opportunities like this on Studio Drive are exceptionally rare and represent a compelling offering for buyers seeking luxury, versatility, and long-term value on the Central Coast.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $2,399,000

AD Id : 84905557

MLS Id : PI26013165

Beds : 6

Lot Size : 4,400 Sqft

Living Area Size : 2,772

Year Built : 1957

Garage : 3

County : San Luis Obispo

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Exterior Property Features: Lighting Interior Features: Beamed Ceilings,Balcony,Ceiling Fan(s),Separate/Formal Dining Room,Eat-in Kitchen,High Ceilings,Living Room Deck Attached,Multiple Staircases,Pantry,Recessed Lighting,Storage,Bedroom on Main Level,Main Level Primary,Primary Suite,Walk-In Closet(s) Windows: Drapes,Screens Property Appliances: 6 Burner Stove,Built-In Range,Dishwasher,Gas Oven,Gas Range,Microwave,Refrigerator,Range Hood,Vented Exhaust Fan,Water Heater Fireplace: Family Room,Gas,Guest Accommodations,Living Room
  • Cooling Features

    None Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Fireplace Features: Family Room,Gas,Guest Accommodations,Living Room Has Fireplace: 1

  • Building Information

    Year Built: 1957
  • Exterior Features

    Lighting

    Foundation

    Slab
  • Accessibility Features

    None

    Pool Features

    None

    Laundry Features

    In Garage

    Patio And Porch

    Covered,Deck,Patio,Porch

    Fencing

    Vinyl

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.101
  • Lot Size Source: Assessor Lot Size Square Feet: 4400

  • Listing Price Information

    Original List Price: 2,399,000 Listing Contract Date: 2026-01-19
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 064272016

  • Garage and Parking

    Garage Description: Door-Multi,Garage Faces Front,Garage,Paved,Private Attached Garage: Yes

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: CAYU - Cayucos Directions: 2873 & 2871 Studio Dr, Cayucos CA 93430 Zoning: RSF Source Property Type: Residential Area: CAYU - Cayucos Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 69 Common Walls: No Common Walls Property Condition: Updated/Remodeled,Turnkey Structure Type: Single Family Residence Year Built Source: Public Records Total Square Feet Living: 2772 Entry Level: 1 Entry Location: Front Levels or Stories: Two Building Total Stories: 2 Structure Type: House
Sell a home like this and save $143,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3166 Shearer Avenue, Cayucos, CA, 93430 $1,649,500 4 2 2,674 2,674 SqFt
3092 Studio, Cayucos, CA, 93430 $2,895,000 2 1 1,660 1,660 SqFt
2712 Studio Drive, Cayucos, CA, 93430 $3,400,000 3 1 1,200 1,200 SqFt
96 24th Street, Cayucos, CA, 93430 $1,500,000 4 2 2,410 2,410 SqFt
1625 Cass Avenue #22, Cayucos, CA, 93430 $689,000 2 2 990 990 SqFt
1234 Pacific, Cayucos, CA, 93430 $4,949,900 3 2 2,720 2,720 SqFt
1677 Rising Star Place, Cayucos, CA, 93430 $3,895,000 4 3 4,333 4,333 SqFt
5010 Cabrillo, Cayucos, CA, 93430 $18,250,000 2 2 2,296 2,296 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/24/2026 @ 01:48

MLS: PI26013165 LISTED BY: CJ Hegney, NextHome Central Coast 805-773-7777 SOURCE: CRMLS

Homes around $2,399,000

Selling? Save $143,441 when you sell a home like this

Tour with a ByOwner Agent