Active

123 Ramona

San Luis Obispo, CA 93405
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Bed 4

Bed

Bath 3

Bath

SqFt2,180

Sqft

SqFt6,190

Sqft(Lot)

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. Upstai rs, 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.

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Detail Ic Property Details

Property Type : Residential

Price : $1,490,000

AD Id : 79260972

MLS Id : SC26112646

Beds : 4

Lot Size : 6,190 Sqft

Living Area Size : 2,180

Year Built : 1953

Garage : 1

County : San Luis Obispo

  • Map Map

Map

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Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Composition,Shingle Exterior Property Features: Rain Gutters Interior Features: Ceiling Fan(s),Eat-in Kitchen,Quartz Counters,Recessed Lighting,Storage,Unfurnished,Attic,Bedroom on Main Level,Walk-In Closet(s) Windows: Double Pane Windows Basement Description: Sump Pump Property Appliances: Dishwasher,Freezer,Disposal,Gas Oven,Gas Range,Gas Water Heater,Microwave,Refrigerator,Dryer,Sump Pump,Washer Fireplace: Family Room,Gas Flooring: Carpet,Tile,Vinyl,Wood
  • Cooling Features

    None Air Conditioning

    Heating Source

    Forced Air,Natural Gas Has Heating

    Fireplace

    Fireplace Features: Family Room,Gas Has Fireplace: 1

  • Building Information

    Year Built: 1953 Construction: Drywall,Stone,Stucco,Wood Siding Roof: Composition,Shingle
  • Exterior Features

    Rain Gutters

    Foundation

    Slab

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Accessibility Features

    Low Pile Carpet,Parking

    Pool Features

    None

    Laundry Features

    Washer Hookup,Gas Dryer Hookup,Inside

    Patio And Porch

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

    Fencing

    Chain Link,Wood

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1421
  • Lot Size Source: Other Lot Size Square Feet: 6190

  • Listing Price Information

    Original List Price: 1,490,000 Listing Contract Date: 2026-05-18
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 052361010

  • Garage and Parking

    Garage Description: Concrete,Covered,Driveway,Garage Attached Garage: Yes

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: SLO - San Luis Obispo Directions: Santa Rosa N to Foothill, L on La Entrada, R on Ramona to 123 Ramona Dr. Source Property Type: Residential Area: SLO - San Luis Obispo Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 73 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Public Records Total Square Feet Living: 2180 Entry Level: 1 Entry Location: Front Door Levels or Stories: Two Building Total Stories: 2 Structure Type: House
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
31 Hathway Avenue, San Luis Obispo, CA, 93405 $2,140,000 4 3 3,200 3,200 SqFt
860 Skyline Drive, San Luis Obispo, CA, 93405 $2,400,000 3 1 3,802 3,802 SqFt
250 Oconnor Way, San Luis Obispo, CA, 93405 $2,999,500 6 5 4,339 4,339 SqFt
1704 Garnette Drive, San Luis Obispo, CA, 93405 $299,900 3 2 1,250 1,250 SqFt
1498 O'connor Way, San Luis Obispo, CA, 93405 $3,450,000 4 2 2,400 2,400 SqFt
1675 Nasella Lane, San Luis Obispo, CA, 93405 $2,495,000 4 4 4,108 4,108 SqFt
6775 Avila Valley Drive, San Luis Obispo, CA, 93405 $4,799,000 7 4 6,000 6,000 SqFt

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ByOwner last updated this listing 06/11/2026 @ 00:48

MLS: SC26112646 LISTED BY: Jenna Lee, Triad Real Estate Group 805-544-5500 SOURCE: CRMLS

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