123 Ramona, San Luis Obispo, CA 93405
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
123 Ramona,San Luis Obispo, CA 93405
$1,515,000
- 4 Beds
- 3 Baths
- 2,180 sq. ft.
- Single family
- Active
Listed by: jenna lee
Office: triad real estate group805-544-5500
MLS#:SC26112646
Source:CRMLS
Price summary
- Price:$1,515,000
- Price per sq. ft.:$694.95
About this home
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. Upstairs, 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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Home facts
- Year built:1953
- Listing ID #:SC26112646
- Added:1 day(s) ago
- Updated:May 27, 2026 at 10:30 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Tile, Vinyl, Wood
- Kitchen Description:Dishwasher, Disposal, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Sump Pump
- Living area:2,180 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composition, Shingle
- Year built:1953
- Building area:2,180 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Back Yard, Drip Irrigation/Bubblers, Front Yard, Landscaped, Near Park, Near Public Transit
- Construction Materials:Drywall, Stone, Stucco, Wood Siding
- Exterior Features:Concrete, Covered, FrontPorch, Open, Patio, Porch, RainGutters, Stone, Tile
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:San Luis Obispo
- Middle school:Laguna
- Elementary school:Bishop's Peak
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$1,515,000
- Price per sq. ft.:$694.95
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Freezer, Washer
- Laundry features:Dryer, Inside, Washer
- Amenities:Attic, Carbon Monoxide (CO2) Detector, Ceiling Fans, Gas Water Heater, Quartz Counters, Rain Gutters, Recessed Lighting, Storage, Walk In Closets
Parking
- Total parking spaces:1
- Parking description:Concrete, Covered, Driveway, Garage
- Garage:Yes
- Garage spaces:1
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