$1,575,000

241 Henderson, San Luis Obispo, CA 93405

3 beds |
2 baths |
1,471 sqft

Single-Family Home
Built in 1953
5,101sqft lot
—— car garage
$1,071/sqft
Listed 4 days ago

Property Description

Prime investment opportunity in the highly sought-after “Golden Zone” just steps from California Polytechnic State University. This charming property offers an ideal blend of location, flexibility, and future development potential. The existing home features 3 bedrooms and 2 bathrooms, thoughtfully updated with a newer kitchen and somewhat remodeled bathrooms, creating a comfortable and move-in ready living space. An indoor laundry room adds everyday convenience, while the flexible floor plan offers the potential to convert the dining room or kitchen area into a fourth bedroom—maximizing use and versatility. From the street, the home boasts darling curb appeal with low-maintenance, drought-resistant landscaping, a turf lawn, and a welcoming front deck—perfect for enjoying the Central Coast lifestyle without the upkeep. What truly sets this property apart are the City-approved plans for a 4-bedroom ADU, presenting a rare and valuable opportunity to significantly increase long-term value in one of the most desirable locations in San Luis Obispo. The current lease is in place through 6/30/2026, offering a clear timeline for future planning. Whether you're looking to expand your portfolio, secure a prime location near campus, or capitalize on development potential, this is an exceptional opportunity you won’t want to miss.

Listing Status:: Active
Date Added:: April 10, 2026
Data Last Updated:: April 14, 2026 at 9:19PM
Listing Office:: The Avenue Central Coast Realty, Inc. : 805-548-2670
Listing Agent:: Amy Daane : 805-548-2670
MLS ID:: SC26077014

General: Separate/Formal Dining RoomEat-in KitchenQuartz CountersAll Bedrooms DownBedroom on Main LevelMain Level PrimaryPrimary Suite
Appliances: Built-In RangeDishwasherDisposalGas RangeMicrowaveDryerWasher
Laundry: InsideLaundry Room
Flooring: CarpetLaminate
A/C: None
Heating: Central
Fireplace: Family RoomGasKitchenFireplace

General: Shed(s)
Other Structures: Shed(s)WoodDeckStone
Pool: None
Parking: Attached CarportParking spaces: 0

Roofing: Composition
Windows: Blinds
General: 1

Road/Access: City Street
HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
School District: San Luis Coastal Unified
County: San Luis Obispo

Zoning: 052122011
View: City LightsHillsMountain(s)NeighborhoodView

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedElectricity - On Property
Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of Amy Daane , The Avenue Central Coast Realty, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Teach Elementary School

165 Grand Ave, San Luis Obispo, CA, 93405

Grades 4-6

0.20 miles away

Peep - Prepare

1500 Lizzie St, San Luis Obispo, CA, 93401

Grades KG-12

0.94 miles away

San Luis Obispo High School

1499 San Luis Dr, San Luis Obispo, CA, 93401

Grades 9-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.