2050 Hope Street, San Luis Obispo, CA 93405
2050 Hope Street, San Luis Obispo, CA 93405
Property Description
Calling Cal Poly Parents and Investors! A turnkey student housing opportunity in an established San Luis Obispo neighborhood, ideally located minutes to Cal Poly and downtown. Designed to accommodate approx. 5 to 6 students, this mid-century home offers a ready-to-go option for buyers seeking a property with student rental potential. Property previously rented for $5,000/mo. The open-concept living, dining, and kitchen areas create a central gathering space, complemented by durable luxury vinyl plank flooring throughout the main living areas. The updated kitchen pairs vintage character with modern function, featuring stainless steel appliances, a gas range, dishwasher, farmhouse sink, generous cabinetry, and breakfast bar. French doors open to an outdoor deck shaded by mature trees, extending the living space outdoors and creating a natural spot to gather, study, or unwind. The home's flexible layout includes three bedrooms, two bathrooms, additional storage spaces, and convenient attic access. A single-car garage with laundry area and utility sink adds practical functionality. Set on a cul-de-sac in a sought-after San Luis Obispo location near the university, downtown, shopping, dining, and parks, this property offers an opportunity to combine a convenient location with student housing/rental strategy and the appeal of California indoor-outdoor living.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
San Luis Obispo · Single Family Residence
Listed 11.2% above the median closed sale of $940,000. Price per sqft ($1,053) is a 17% premium to closed comps ($902). Closed comps sold at 101% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 137 E Foothill Boulevard | San Luis Obispo | 1953 | 3 | 1 | 1,003 | 6,300 | $886 | $889,000 | 26 | 86 |
| 1778 Vicente | San Luis Obispo | 1963 | 3 | 2 | 1,040 | 5,400 | $768 | $799,000 | 2 | 85 |
| 2061 Ward Street | San Luis Obispo | 1938 | 3 | 2 | 1,200 | 7,103 | $1,025 | $1.23M | 102 | 84 |
| 31 Rafael Way | San Luis Obispo | 1946 | 2 | 1 | 847 | 6,063 | $1,121 | $949,900 | 9 | 81 |
| 296 Memphis Belle Way | San Luis Obispo | 2026 | 3 | 2 | 1,169 | 3,759 | $631 | $738,031 | 162 | 81 |
| Total: 5 · Average | 2.8 | 1.6 | 1,051.8 | 5,725 | $886.2 | $921,166.2 | 60.2 | |||
| Median | 1,040 | $889,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1910 Ruth Street | San Luis Obispo | 1932 | 09/15/2026 | 2 | 2 | 1,164 | 3,863 | $1.03M | $1.02M | $875 | 0.99 | 20 | 86 |
| 131 Ramona Drive | San Luis Obispo | 1953 | 07/29/2026 | 3 | 1 | 1,003 | 6,300 | $940,000 | $940,000 | $937 | 1.00 | 60 | 85 |
| 785 Islay | San Luis Obispo | 1942 | 06/19/2026 | 2 | 1 | 853 | 4,320 | $995,000 | $995,000 | $1,166 | 1.00 | 99 | 84 |
| 1973 Huasna | San Luis Obispo | 1963 | 07/07/2026 | 3 | 2 | 1,040 | 6,600 | $820,000 | $850,000 | $817 | 1.04 | 27 | 84 |
| 56 Los Verdes Drive | San Luis Obispo | 1974 | 07/23/2026 | 2 | 2 | 1,002 | 3,600 | $715,000 | $718,000 | $717 | 1.00 | 33 | 81 |
| Total: 5 · Average | 2.4 | 1.6 | 1,012.4 | 4,936.6 | $904,200 | $904,200 | $902.4 | — | 47.8 | ||||
| Median | 1,003 | $940,000 | $940,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.