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627 Henderson Ave, San Luis Obispo, CA 93401

List Price: $799,000On Market FlagOn market
Mar 5, 2025826 sqft2 beds1 baths
Listed by: Hal Sweasey
License #: 01111911
Phone #: 805-781-3750
Keller Williams Realty Central Coast
Source:
CRMLS Logo
MLS #: SC25030153

Property Description

This property presents an outstanding investment opportunity near Cal Poly, offering versatile R4 zoning for a range of development options. The existing 2-bedroom, 1-bath, 826 sq. ft. home, originally built in 1915, boasts charming hardwood floors and updated electrical as of last year. Development possibilities include retaining the current home and demolishing the garage to create space for one or two additional dwellings, or possibly redeveloping the entire lot. The zoning could allow for up to four 2-bedroom units or three larger units with four or more bedrooms. Ideally located near downtown San Luis Obispo, with easy access to transportation, dining, and shopping and within walking distance to Cal Poly. Buyers should verify all possibilities with the City to fully capitalize on this property's potential!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$10,620

TurboHome Estimated Value

$753,500

$912 sqft

High Valuation
$791,175
$958/sqft
Normal Valuation
$753,500
$912/sqft
Low Valuation
$715,825
$867/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$912/sqft$753,500

Neighborhood: San Luis Obispo(380)

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Comparative Value

$499K

$600K

$620K

$680K

$799K

1257 Iris St 3, San Luis Obispo, CA 93401

Sale Price: $499,000

Selected Comparable

45 Stenner St E, San Luis Obispo, CA 93405

Sale Price: $600,000

Selected Comparable

750 Chorro St 5, San Luis Obispo, CA 93401

Sale Price: $620,000

Selected Comparable

570 Peach St 31, San Luis Obispo, CA 93401

Sale Price: $620,000

Selected Comparable

863 Chorro St, San Luis Obispo, CA 93401

Sale Price: $680,000

Selected Comparable

627 Henderson Ave, San Luis Obispo, CA 93401

List Price: $799,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
627 Henderson Ave, San Luis Obispo, CA 93401

627 Henderson Ave, San Luis Obispo, CA 93401

List: $799,000

Listed: 3/5/2025

Area:826 sqft
Price/sqft:$967
Beds:2
Baths:1
Year Built:
Lot Size:4,531

Comparable Properties

COMPARABLE
Choose comps
750 Chorro St 5, San Luis Obispo, CA 93401

750 Chorro St 5, San Luis Obispo, CA 93401

Sale: $620,000

7/18/20250.99 mi

Area:1,016 sqft
Price/sqft:$610
Beds:2
Baths:1
Year Built:
Weight:20.7%
863 Chorro St, San Luis Obispo, CA 93401

863 Chorro St, San Luis Obispo, CA 93401

Sale: $680,000

5/7/20251.01 mi

Area:989 sqft
Price/sqft:$688
Beds:2
Baths:1
Year Built:
Weight:20.4%
45 Stenner St E, San Luis Obispo, CA 93405

45 Stenner St E, San Luis Obispo, CA 93405

Sale: $600,000

7/31/20250.72 mi

Area:940 sqft
Price/sqft:$638
Beds:2
Baths:2
Year Built:
Weight:20.0%
570 Peach St 31, San Luis Obispo, CA 93401

570 Peach St 31, San Luis Obispo, CA 93401

Sale: $620,000

8/1/20251.14 mi

Area:918 sqft
Price/sqft:$675
Beds:2
Baths:2
Year Built:
Weight:19.9%
1257 Iris St 3, San Luis Obispo, CA 93401

1257 Iris St 3, San Luis Obispo, CA 93401

Sale: $499,000

7/1/20250.99 mi

Area:748 sqft
Price/sqft:$667
Beds:1
Baths:1
Year Built:
Weight:18.9%

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