Property Details
About this Property
389 Pismo & 1417 Carmel, this property offers a fantastic investment opportunity in the heart of downtown San Luis Obispo! Zoned R3 with potential to split the lot, this versatile property opens the door to endless possibilities. 389 Pismo is a charming 2-bedroom, 1-bath ~890 sq ft house showcasing classic hardwood floors, a striking arched front door with stained glass, and a cozy fireplace with a brick hearth and decorative tile accents. Outdoor spaces include a side garden and a rear patio, perfect for enjoying the mild Central Coast climate. Behind the main house, a separate studio unit features a kitchenette and a ¾ bath, offering excellent rental or guest potential. A peaceful patio with an above-ground pond and waterfall creates a relaxing retreat. Additionally, the oversized 2-car garage provides ample storage and potential for additional units—buyers should check with the city regarding development options. 1417 Carmel is a Duplex featuring 2 One bedroom, 1 bath units with approximately 1144 sq ft total, built in the 1950's. Unit A is the larger of the two, and features a comfortable living room, a washer/dryer closet enclosure in the kitchen and a separate bedroom and full bathroom. Unit B offers an open floor plan with a washer/dryer closet enclosure in the living room
MLS Listing Information
MLS #
CRSC25064853
MLS Source
California Regional MLS
Days on Site
37
Interior Features
Appliances
Other
Cooling
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Carport, Other, RV Access, Garage: 2 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | 4 |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Hawthorne Elementary School | public | K-6 | 0.45 mi | |
| Peep - De'Groot - Prepare School | public | KG,1,2,3,4,5,6,7,8,9,10,11,12,AE | 1.06 mi | N/A |
| San Luis Coastal Usd Adult | public | UG | 1.06 mi | N/A |
| San Luis Obispo High School | public | 9-12 | 1.12 mi | |
| Sinsheimer Elementary School | public | K-6 | 1.25 mi | |
| Smith (C. L.) Elementary School | public | K-6 | 1.55 mi | |
| Pacheco Elementary School | public | K-6 | 1.62 mi | |
| Teach Elementary School | public | 4-6 | 1.65 mi | |
| Pacific Beach High School | public | 10-12 | 1.83 mi | |
| Laguna Middle School | public | 7-8 | 1.86 mi | |
| Bishop's Peak Elementary School | public | K-6 | 1.95 mi | |
| Los Ranchos Elementary School | public | K-6 | 4.54 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
389 Pismo & 1417 Carmel is a Residential Income in San Luis Obispo, CA 93401. This – square foot property sits on a 10,700 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,799,000 and was built in 1929. This address can also be written as 389 Pismo & 1417 Carmel, San Luis Obispo, CA 93401.
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This listing information is up-to-date as of March 26, 2025. For the most current information, please contact Hal Sweasey, (805) 781-3750
