
1163 Laurel Lane, San Luis Obispo, CA 93401
1163 Laurel Lane, San Luis Obispo, CA 93401
Property Description
SELLER IS WILLING TO PROVIDE A CREDIT FOR A RATE BUYDOWN! Introducing "Southwood Landing," a centrally located two-story condominium nestled within the desirable Southwood Chalets community in the heart of San Luis Obispo. Offering 2 bedrooms, 1 bathroom, two designated parking spaces, and a low-maintenance lifestyle, this residence presents an exceptional opportunity for first-time homebuyers, investors, or anyone seeking the convenience of Central Coast living. Ideally located just minutes from Downtown San Luis Obispo, shopping, dining, parks, and public transportation, the home offers easy access to the area's most popular amenities while enjoying the benefits of a well-established community. Inside, the bright living room features laminate flooring, additional storage, and a seamless flow into the kitchen, creating a functional layout for everyday living and entertaining. The kitchen offers ample cabinetry and storage, a ceiling fan, and direct access to the private outdoor patio, extending the living space outdoors. Upstairs, both bedrooms are comfortably sized with carpet flooring and natural light, while the bathroom is thoughtfully appointed with a walk-in shower, detachable showerhead, built-in shelving, and a window that fills the space with natural light. The fully fenced patio provides a private outdoor retreat, complete with a mature orange tree, a storage shed, and space for outdoor dining, entertaining, or relaxing. Combining a functional two-story layout, private outdoor space, and an exceptional location within the sought-after Southwood Chalets community, “Southwood Landing” offers a wonderful opportunity to enjoy the San Luis Obispo lifestyle in one of the Central Coast's most desirable cities.
Features & Amenities
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
San Luis Obispo · Condominium
Listed 17.4% below the median closed sale of $545,000. Price per sqft ($500) is a 15% discount to closed comps ($591).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1033 Southwood | San Luis Obispo | 1987 | 2 | 2 | 966 | 966 | $569 | $550,000 | 73 | 83 |
| 864 Lawrence | San Luis Obispo | 2014 | 2 | 1 | 825 | 890 | $685 | $565,000 | 126 | 82 |
| 365 Chorro | San Luis Obispo | 1985 | 2 | 2 | 1,032 | 1,032 | $484 | $499,000 | 178 | 79 |
| 2230 Exposition | San Luis Obispo | 1985 | 2 | 2 | 1,067 | 1,067 | $561 | $599,000 | 26 | 78 |
| 581 Higuera Street | San Luis Obispo | 2025 | 1 | 1 | 796 | 0 | $1,187 | $945,000 | 25 | 77 |
| Total: 5 · Average | 1.8 | 1.6 | 937.2 | 988.75 | $697.2 | $631,600 | 85.6 | |||
| Median | 966 | $565,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1115 Laurel Lane | San Luis Obispo | 1963 | 10/09/2026 | 2 | 1 | 900 | 900 | $480,000 | $480,000 | $533 | 1.00 | 35 | 100 |
| 1151 Laurel | San Luis Obispo | 1963 | 07/31/2026 | 2 | 1 | 900 | 900 | $565,000 | $575,000 | $639 | 1.02 | 77 | 99 |
| 2975 Rockview Place | San Luis Obispo | 1985 | 06/18/2026 | 2 | 1 | 907 | 890 | $519,000 | $519,000 | $572 | 1.00 | 93 | 90 |
| 1043 Southwood Drive | San Luis Obispo | 1987 | 07/24/2026 | 2 | 1 | 892 | 892 | $555,000 | $545,000 | $611 | 0.98 | 174 | 90 |
| 570 Peach | San Luis Obispo | 1975 | 07/28/2026 | 2 | 2 | 918 | 918 | $569,900 | $550,000 | $599 | 0.96 | 147 | 90 |
| Total: 5 · Average | 2.0 | 1.2 | 903.4 | 900 | $533,800 | $533,800 | $590.8 | — | 105.2 | ||||
| Median | 900 | $545,000 | $545,000 | ||||||||||
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.