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.
Property Details
Price:
$1,195,000
MLS #:
SC26030333
Status:
Active
Beds:
6
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Feb 10, 2026
Finished Sq Ft:
1,817
Lot Size:
6,000 sqft / 0.14 acres (approx)
Year Built:
1963
See this Listing
Schools
School District:
San Luis Coastal Unified
High School:
San Luis Obispo
Interior
Appliances
DW, RF, GR, WHU
Bathrooms
3 Full Bathrooms
Cooling
NO
Flooring
VINY, CARP
Heating
CF
Laundry Features
IR
Exterior
Community Features
SDW, STM, SUB
Construction Materials
STC
Exterior Features
RG
Roof
CMP
Financial
Map
Community
- Address1481 Balboa San Luis Obispo CA
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93405
Subdivisions in San Luis Obispo
Market Summary
Current real estate data for Single Family in San Luis Obispo as of Feb 18, 2026
193
Single Family Listed
135
Avg DOM
605
Avg $ / SqFt
$747,956
Avg List Price
Property Summary
- Located in the San Luis Obispo(380) subdivision, 1481 Balboa San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93405. It is listed for $1,195,000 and features 6 beds, 3 baths, and has approximately 1,817 square feet of living space, and was originally constructed in 1963. The current price per square foot is $658. The average price per square foot for Single Family listings in San Luis Obispo is $605. The average listing price for Single Family in San Luis Obispo is $747,956.
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