Are you looking for a great investment opportunity? Look no further than this charming single-family home located on the side of Madonna Mountain with breathtaking views of Bishops Peak and walking distance from Cal Poly campus! This +/- 1450 sqft home was built in 1959 on a +/- 6500 sqft lot. It features 4 spacious bedrooms, 2 full baths, a large living room with a log fireplace and a nicely sized kitchen. The front patio is the perfect place to entertain guests or enjoy a quiet evening at home with spectacular sunset views. Attached 2 car garage with additional driveway and street parking. This property is currently leased out to Cal Poly students through July 31, 2023 for $3,800/month and has a renewed leased agreement from August 1, 2023, through July 2024 for $4,100/month. This means that you can start earning passive income immediately! In the future, you can even use it as a retirement property.
Sold for $899,000
Listing Provided by:
Joseph Silva DRE #02158753 805-773-7777,
Keller Williams Realty Central Coast,
Jordan Jackson DRE #02044868 805-704-1669,
Keller Williams Realty Central Coast
Bought with: Pacific Properties
$899,000
82 Rafael Way, San Luis Obispo, CA 93405
4beds
1,450sqft
Single Family Residence
Built in 1959
6,500 Square Feet Lot
$1,059,200 Zestimate®
$620/sqft
$4,969 Estimated rent
Home value
$1,059,200
$985,000 - $1.13M
$4,969/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 17, 2023 at 01:41pm
Listing Provided by:
Joseph Silva DRE #02158753 805-773-7777,
Keller Williams Realty Central Coast,
Jordan Jackson DRE #02044868 805-704-1669,
Keller Williams Realty Central Coast
Bought with:
Bethany Ponce, DRE #02111129
Pacific Properties
Source: CRMLS,MLS#: PI23085563
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 4
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Dual Sinks, Separate Shower, Tile Counters, Tub Shower
Kitchen
- Features: Tile Counters
Other
- Features: Walk-In Closet(s)
Heating
- Central, Forced Air, Fireplace(s), Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood, Water Heater
- Laundry: In Garage
Features
- Eat-in Kitchen, Open Floorplan, Tile Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
- Flooring: Carpet, Tile, Wood
- Has fireplace: Yes
- Fireplace features: Free Standing, Living Room, Raised Hearth, Wood Burning
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,450 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Stairs
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Hills, Mountain(s), Neighborhood
Lot
- Size: 6,500 sqft
- Features: Back Yard, Gentle Sloping, Near Park, Near Public Transit, Rectangular Lot, Sloped Up
Details
- Parcel number: 052474001
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Biking, Curbs, Hiking, Street Lights, Sidewalks, Park
Location
- Region: San Luis Obispo
- Subdivision: San Luis Obispo(380)
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2023 | Sold | $899,000$620/sqft |
Source:  CRMLS #PI23085563 Report a problem | ||
| 6/5/2023 | Pending sale | $899,000$620/sqft |
Source: CRMLS #PI23085563 Report a problem | ||
| 5/17/2023 | Listed for sale | $899,000+71.2%$620/sqft |
Source: CRMLS #PI23085563 Report a problem | ||
| 4/12/2018 | Listing removed | $3,800$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/3/2018 | Listed for rent | $3,800+15.2%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,107 +1.7% | $916,980 +2% |
| 2024 | $9,935 +19.3% | $899,000 +19.5% |
| 2023 | $8,329 +6.7% | $752,499 +2% |
Find assessor info on the county website
Neighborhood: 93405
Nearby schools
GreatSchools rating
- 8/10Bishop's Peak Elementary SchoolGrades: K-6Distance: 0.6 mi
- 9/10Laguna Middle SchoolGrades: 7-8Distance: 2.2 mi
- 10/10San Luis Obispo High SchoolGrades: 9-12Distance: 1.7 mi
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$1,059,200
2% more
+$21,184
With Zillow Showcase(estimated)
$1,080,384