Introducing "Railhouse Cottage" —a rare opportunity in the heart of San Luis Obispo. With an R-2 zoning this lot allows for two single-family residences, making it perfect for investors, developers, or those looking to create a multi-generational living setup.
Located in the desirable Railroad District, just blocks from Downtown and directly across from Mitchell Park, this 2-bedroom, 1-bath bungalow sits on a prime lot with endless potential. Live in the existing home while you plan your second residence, or explore building two new homes from the ground up.
Enjoy unbeatable walkability — minutes to the Thursday Night Farmers’ Market, the SLO Food Co-op, local coffee shops, restaurants, and more.
Whether you’re looking to build, invest, or simply enjoy all that San Luis Obispo has to offer, this is a property that checks all the boxes.
Sold for $800,000
Listed by: Invest SLO • Chelsea King • Contact: 805-540-9333
Bought with: Invest SLO
$800,000
973 Buchon St, San Luis Obispo, CA 93401
2beds
726sqft
Single Family Residence
Built in 1947
6,000 Square Feet Lot
$811,400 Zestimate®
$1,102/sqft
$2,586 Estimated rent
Home value
$811,400
$738,000 - $884,000
$2,586/mo
Zestimate® history
Owner options
List your home for rent
$2,586/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,586/mo
Rent Zestimate®
Refinance and save
$5,036/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,036/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Prime lot
Zillow last checked:
Listing updated:
Listed by:
Chelsea King DRE #02152275 805-540-9333,
Invest SLO,
Abel Contreras DRE #02062620,
Invest SLO
Bought with:
Chelsea King, DRE #02152275
Invest SLO
Abel Contreras, DRE #02062620
Invest SLO
Source: CRMLS,MLS#: PI25175481
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bathroom
- Features: Tile Counters, Tub Shower
Kitchen
- Features: Tile Counters
Cooling
- None
Appliances
- Included: Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Features
- Tile Counters, Main Level Primary
- Flooring: Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 726 sqft
Property
Parking
- Parking features: Driveway Level, Driveway
Accessibility
- Accessibility features: Parking
Features
- Levels: One
- Stories: 1
- Entry location: Front Door
- Patio & porch: None
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,000 Square Feet
- Features: Level, Rectangular Lot, Value In Land
Details
- Parcel number: 003542001
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1947
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: Curbs, Storm Drain(s), Street Lights, Sidewalks
- Subdivision: San Luis Obispo(380)
Location
- Region: San Luis Obispo
Financial & listing details
- Price per square foot: $1,102/sqft
- Tax assessed value: $38,692
- Annual tax amount: $426
- Date on market: 8/13/2025
- Cumulative days on market: 31 days
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2025 | Sold | $800,000-11%$1,102/sqft |
Source:  CRMLS #PI25175481 Report a problem | ||
| 9/9/2025 | Contingent | $899,000$1,238/sqft |
Source: CRMLS #PI25175481 Report a problem | ||
| 8/30/2025 | Listed for sale | $899,000$1,238/sqft |
Source: CRMLS #PI25175481 Report a problem | ||
| 8/20/2025 | Contingent | $899,000$1,238/sqft |
Source: CRMLS #PI25175481 Report a problem | ||
| 8/13/2025 | Listed for sale | $899,000$1,238/sqft |
Source: CRMLS #PI25175481 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $426 +1.7% | $38,692 +2% |
| 2024 | $419 +1.8% | $37,934 +2% |
| 2023 | $412 +6.7% | $37,192 +2% |
| 2022 | $386 +1.6% | $36,463 +2% |
| 2021 | $380 +1% | $35,749 +1% |
| 2020 | $376 +1% | $35,383 +2% |
| 2019 | $372 +2% | $34,690 +2% |
| 2018 | $365 +2% | $34,011 +2% |
| 2017 | $358 +2% | $33,345 +2% |
| 2016 | $351 | $32,692 +1.5% |
| 2015 | $351 +10.6% | $32,202 +2% |
| 2014 | $317 | $31,572 +2.5% |
| 2012 | -- | $30,815 +2% |
| 2011 | -- | $30,212 +0.8% |
| 2010 | -- | $29,987 -0.2% |
| 2009 | -- | $30,059 +2% |
| 2008 | -- | $29,471 +2% |
| 2007 | -- | $28,894 +2% |
| 2006 | -- | $28,329 +2% |
| 2005 | -- | $27,774 +2% |
| 2004 | -- | $27,231 +1.9% |
| 2003 | -- | $26,733 +2% |
| 2002 | -- | $26,210 +2% |
| 2001 | -- | $25,697 |
Find assessor info on the county website
Neighborhood: 93401
Nearby homes
- $1,171,6004 bd1 ba1.3k sqft1512 Morro St, San Luis Obispo, CA 93401Off Market
- $1,413,5003 bd3 ba2k sqft977 Buchon St, San Luis Obispo, CA 93401Off Market
- $1,093,0003 bd1 ba1.1k sqft1520 Morro St, San Luis Obispo, CA 93401Off Market
- $1,139,1002 bd1 ba1.1k sqft981 Buchon St, San Luis Obispo, CA 93401Off Market
- $--2 bd1 ba1k sqft981 Buchon St UNIT B, San Luis Obispo, CA 93401Off Market
- $1,272,5005 bd2 ba1.4k sqft1528 Morro St, San Luis Obispo, CA 93401Off Market
- $1,175,8002 bd1 ba1.2k sqft889 Buchon St, San Luis Obispo, CA 93401Off Market
- $1,568,7006 bd5 ba2.3k sqft1511 Osos St, San Luis Obispo, CA 93401Off Market
Nearby schools
GreatSchools rating
- 6/10Hawthorne Elementary SchoolGrades: K-6Distance: 0.5 mi
- 9/10Laguna Middle SchoolGrades: 7-8Distance: 2.4 mi
- 10/10San Luis Obispo High SchoolGrades: 9-12Distance: 0.6 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$811,400
2% more
+$16,228
With Zillow Showcase(estimated)
$827,628
- California
- San Luis Obispo County
- San Luis Obispo
- 93401
- 973 Buchon St
Nearby cities
Nearby zip codes
Other San Luis Obispo Topics
