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Sold for $1,165,000
    • Listed by: The Avenue Central Coast Realty, Inc. • Jed Damschroder • Contact: 805-548-2670
    Bought with: The Avenue Central Coast Realty, Inc.
    $1,165,000

    1481 Balboa St, San Luis Obispo, CA 93405

    6beds
    1,817sqft
    Single Family Residence
    Built in 1963
    6,000 Square Feet Lot
    $1,178,700 Zestimate®
    $641/sqft
    $6,436 Estimated rent

    Home value

    $1,178,700

    $1.12M - $1.24M

    $6,436/mo

    Zestimate® history
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    What's special

    Tucked away on a quiet street in the Laguna Lake area, this nicely maintained property offers exceptional flexibility and value on a 6,000 sq. ft. lot. The main residence features 4 bedrooms and 2 bathrooms, complemented by a brand-new 2-bedroom, 1-bath attached ADU with its own private entrance—ideal for investors, extended family living, or rental income. The main home has been thoughtfully updated with newer windows, vinyl plank flooring throughout much of the house, and a refreshed bathroom featuring a new shower and vanity. Many major systems have also been improved, including a newer roof, a furnace upgrade, and extensive foundation shoring completed by Foundation Solutions, providing peace of mind for years to come. The kitchen and living room are generously sized and functional, while all four bedrooms offer comfortable proportions. The newly constructed garage-conversion ADU is stylish and turnkey, boasting a full kitchen with quartz countertops, stylish tile backsplash, and stainless steel appliances. The modern bathroom features a subway tile shower with a frameless glass enclosure, and vinyl plank flooring runs throughout the unit. Outside, enjoy a large driveway with ample parking and a peaceful backyard complete with a deck platform and storage shed—perfect for relaxing or entertaining. Whether you’re looking for a strong investment opportunity, a perfect setup for Cal Poly students, or a home with private guest quarters, this versatile Laguna Lake property truly checks all the boxes.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jed Damschroder DRE #01886306 805-550-7960,

    The Avenue Central Coast Realty, Inc.

    Bought with:

    Jed Damschroder, DRE #01886306

    The Avenue Central Coast Realty, Inc.

    Source: CRMLS,MLS#: SC26030333MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 6
    Rooms
    • Room types: Bedroom, Kitchen, Living Room
    Bedroom
    • Features: Bedroom on Main Level
    Bathroom
    • Features: Bathroom Exhaust Fan, Tub Shower
    Kitchen
    • Features: Pots & Pan Drawers
    Heating
    • Central
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Gas Range, Refrigerator, Water Heater
    • Laundry: Laundry Room
    Features
    • In-Law Floorplan, Pantry, Bedroom on Main Level
    • Flooring: Carpet, Vinyl
    • Windows: Double Pane Windows
    • Has fireplace: Yes
    • Fireplace features: Gas, Wood Burning
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,817 sqft

    Property

    Parking
    • Parking features: Driveway
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front door
    • Patio & porch: Deck
    • Exterior features: Rain Gutters
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Mountain(s), Neighborhood
    Lot
    • Size: 6,000 Square Feet
    • Features: Back Yard, Front Yard, Garden, Landscaped, Level
    Details
    • Parcel number: 004442004
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Storm Drain(s), Suburban, Sidewalks
    • Subdivision: San Luis Obispo(380)
    Location
    • Region: San Luis Obispo

    Financial & listing details

    • Price per square foot: $641/sqft
    • Tax assessed value: $879,240
    • Annual tax amount: $9,614
    • Date on market: 2/10/2026
    • Cumulative days on market: 7 days
    • Listing terms: 1031 Exchange
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/12/2026Listing removed$6,600$4/sqft
    Source: Zillow Rentals Report a problem
    5/15/2026Price change$6,600-4.3%$4/sqft
    Source: Zillow Rentals Report a problem
    4/28/2026Price change$6,900-4.2%$4/sqft
    Source: Zillow Rentals Report a problem
    4/15/2026Listed for rent$7,200-4%$4/sqft
    Source: Zillow Rentals Report a problem
    4/13/2026Sold$1,165,000-2.5%$641/sqft
    Source: CRMLS #SC26030333 Report a problem
    4/10/2026Pending sale$1,195,000$658/sqft
    Source: CRMLS #SC26030333 Report a problem
    2/27/2026Contingent$1,195,000$658/sqft
    Source: CRMLS #SC26030333 Report a problem
    2/10/2026Listed for sale$1,195,000+38.6%$658/sqft
    Source: CRMLS #SC26030333 Report a problem
    1/31/2026Listing removed$7,500$4/sqft
    Source: Zillow Rentals Report a problem
    1/7/2026Listed for rent$7,500+50%$4/sqft
    Source: Zillow Rentals Report a problem
    4/28/2024Listing removed--
    Source: Zillow Rentals Report a problem
    4/18/2024Listed for rent$5,000+6.4%$3/sqft
    Source: Zillow Rentals Report a problem
    4/15/2024Sold$862,000+7.9%$474/sqft
    Source: CRMLS #SC24049278 Report a problem
    3/20/2024Pending sale$799,000$440/sqft
    Source: CRMLS #SC24049278 Report a problem
    3/15/2024Listed for sale$799,000$440/sqft
    Source: CRMLS #SC24049278 Report a problem
    11/28/2023Listing removed--
    Source: Zillow Rentals Report a problem
    10/10/2023Price change$4,700-14.5%$3/sqft
    Source: Zillow Rentals Report a problem
    8/4/2023Listed for rent$5,500$3/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,614 +996.9%$879,240 +918.7%
    2024$876 +2%$86,309 +2%
    2023$859 +6.9%$84,617 +2%
    2022$804 +1.8%$82,959 +2%
    2021$790 +1.1%$81,333 +1%
    2020$781 +1.2%$80,500 +2%
    2019$771 +2.2%$78,922 +2%
    2018$755 +2.2%$77,375 +2%
    2017$738 +2.2%$75,859 +2%
    2016$722 $74,373 +1.5%
    2015$722 +11%$73,257 +2%
    2014$651 $71,823 +2.5%
    2012-- $70,098 +2%
    2011-- $68,724 +0.8%
    2010-- $68,211 -0.2%
    2009-- $68,374 +2%
    2008-- $67,034 +2%
    2007-- $65,720 +2%
    2006-- $64,432 +2%
    2005-- $63,169 +2%
    2004-- $61,931 +1.9%
    2003-- $60,797 +2%
    2002-- $59,606 +2%
    2001-- $58,438
    Find assessor info on the county website

    Neighborhood: 93405

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: San Luis Obispo

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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