
523 Branch Street, San Luis Obispo, CA 93401
523 Branch Street, San Luis Obispo, CA 93401
Property Description
Positioned in the heart of San Luis Obispo’s sought-after Railroad District, this exceptional multi-unit property presents a rare investment opportunity just moments from Meadow Park, Hawthorne Park, and Downtown San Luis Obispo. Situated on a generous 8,980± square foot street-to-street lot, the property offers three tenant occupied residences with strong income potential currently producing $7,600/month ($91,200/year) in total rental income. The front residence at 523 Branch Street features 3 bedrooms and 1 bathroom, highlighted by a welcoming covered front porch, mature shade trees, and a spacious front yard. Inside, the open-concept living area creates a comfortable flow, while the kitchen includes convenient in-unit laundry. Tucked behind the main home are two additional units, 520 South A & B, both built in 1989. Each unit offers an open-concept lower level with a pass-through kitchen window to the living room and direct access from the dining area to a private yard space. Upstairs, you'll find a generously sized bedroom, full bathroom, and versatile loft area ideal for a home office or additional living space. Off-street parking is available in front of the units. With its prime central location, large lot, and three-unit configuration, this property offers an outstanding opportunity for investors, owner-occupants, or those seeking rental income in one of San Luis Obispo’s most desirable neighborhoods.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
San Luis Obispo · Single Family Residence
Listed 19.6% below the median closed sale of $1,735,000. Price per sqft ($495) is a 21% discount to closed comps ($627). Closed comps sold at 104% of list — strong seller's market.
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 335 San Miguel | San Luis Obispo | 1957 | 5 | 4 | 3,049 | 11,345 | $786 | $2.40M | 60 | 80 |
| 4220 La Posada | San Luis Obispo | 2004 | 5 | 3 | 2,590 | 6,183 | $733 | $1.90M | 109 | 80 |
| 3315 Barranca | San Luis Obispo | 1983 | 4 | 4 | 3,114 | 10,000 | $609 | $1.90M | 67 | 76 |
| 1771 Singletree Court | San Luis Obispo | 2003 | 4 | 4 | 2,529 | 6,000 | $514 | $1.30M | 18 | 73 |
| 385 Squire Canyon | San Luis Obispo | 1999 | 4 | 3 | 2,739 | 135,472 | $728 | $2.00M | 92 | 70 |
| Total: 5 · Average | 4.4 | 3.6 | 2,804.2 | 33,800 | $674 | $1.90M | 69.2 | |||
| Median | 2,739 | $1.90M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 491 Branch Street | San Luis Obispo | 1990 | 09/09/2026 | 6 | 4 | 2,744 | 9,000 | $1.55M | $1.57M | $572 | 1.01 | 26 | 84 |
| 2006 Chorro | San Luis Obispo | 1890 | 07/29/2026 | 4 | 3 | 2,653 | 7,050 | $1.59M | $1.95M | $735 | 1.23 | 49 | 82 |
| 5838 Pebble Beach Way | San Luis Obispo | 1988 | 10/01/2026 | 4 | 4 | 2,720 | 9,583 | $1.80M | $1.75M | $643 | 0.97 | 78 | 80 |
| 981 Goldenrod Lane | San Luis Obispo | 1998 | 10/01/2026 | 4 | 3 | 2,745 | 6,237 | $1.78M | $1.74M | $632 | 0.97 | 130 | 80 |
| 1816 Spooner | San Luis Obispo | 2003 | 08/21/2026 | 4 | 4 | 2,963 | 8,595 | $1.65M | $1.64M | $553 | 1.00 | 34 | 79 |
| Total: 5 · Average | 4.4 | 3.6 | 2,765 | 8,093 | $1.73M | $1.73M | $627 | — | 63.4 | ||||
| Median | 2,744 | $1.74M | $1.74M | ||||||||||
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.