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1961 Devaul Ranch Dr, San Luis Obispo, CA 93405

List Price: $874,900On Market FlagOn market
Apr 16, 20251,938 sqft3 beds3 baths
Listed by: Abel Contreras
License #: 02062620
Phone #: 805-295-2719
Invest SLO
Source:
CRMLS Logo
MLS #: PI25076799

Property Description

Recently renovated/updated home in the heart of San Luis Obispo! This property has been thoughtfully updated to showcase modern living while maintaining its charm. The current owner receives $5,200 per month in rental income. This home offers impressive value and investment potential and also a great home for owner occupants. The property features 3 spacious bedrooms, plus an additional bonus room upstairs, providing ample living space for families or guests. The downstairs includes a large bedroom and a full shower bathroom, ideal for visitors or multi-generational living. Upstairs, you’ll find a versatile living area, two more roomy bedrooms,a bonus room, and an expansive master suite complete with a private, luxurious bathroom. This home’s oversized two-car garage ensures you have plenty of room for storage and parking needs. Conveniently located just minutes from Cal Poly, vibrant shopping centers like Costco and Laguna Lake, as well as restaurants, hiking trails, a dog park, and the coastal beauty of nearby beaches, this property perfectly combines lifestyle and location. With a modest HOA fee of $166 per month covering essential maintenance, this move-in-ready home is a true San Luis Obispo gem.
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

$15,011

TurboHome Estimated Value

$937,800

$484 sqft

High Valuation
$984,690
$508/sqft
Normal Valuation
$937,800
$484/sqft
Low Valuation
$890,910
$460/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$484/sqft$937,800

Neighborhood: San Luis Obispo(380)

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Comparative Value

$725K

$855K

$875K

$950K

$995K

1106 Oceanaire Dr 48, San Luis Obispo, CA 93405

Sale Price: $725,000

Selected Comparable

1756 Singletree Ct, San Luis Obispo, CA 93405

Sale Price: $855,000

Selected Comparable

1283 W Newport St, San Luis Obispo, CA 93405

Sale Price: $860,000

Selected Comparable

1961 Devaul Ranch Dr, San Luis Obispo, CA 93405

List Price: $874,900

Subject Property

1113 Forest St, San Luis Obispo, CA 93405

Sale Price: $950,000

Selected Comparable

1172 Atascadero St, San Luis Obispo, CA 93405

Sale Price: $995,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1961 Devaul Ranch Dr, San Luis Obispo, CA 93405

1961 Devaul Ranch Dr, San Luis Obispo, CA 93405

List: $874,900

Listed: 4/16/2025

Area:1,938 sqft
Price/sqft:$451
Beds:3
Baths:3
Year Built:
Lot Size:3,880

Comparable Properties

COMPARABLE
Choose comps
1756 Singletree Ct, San Luis Obispo, CA 93405

1756 Singletree Ct, San Luis Obispo, CA 93405

Sale: $855,000

9/6/20240.05 mi

Area:1,938 sqft
Price/sqft:$441
Beds:3
Baths:3
Year Built:
Weight:22.0%
1172 Atascadero St, San Luis Obispo, CA 93405

1172 Atascadero St, San Luis Obispo, CA 93405

Sale: $995,000

7/18/20250.48 mi

Area:1,801 sqft
Price/sqft:$552
Beds:3
Baths:2
Year Built:
Weight:19.9%
1106 Oceanaire Dr 48, San Luis Obispo, CA 93405

1106 Oceanaire Dr 48, San Luis Obispo, CA 93405

Sale: $725,000

10/18/20240.52 mi

Area:1,768 sqft
Price/sqft:$410
Beds:3
Baths:3
Year Built:
Weight:19.9%
1113 Forest St, San Luis Obispo, CA 93405

1113 Forest St, San Luis Obispo, CA 93405

Sale: $950,000

12/31/20240.51 mi

Area:1,648 sqft
Price/sqft:$576
Beds:3
Baths:3
Year Built:
Weight:19.5%
1283 W Newport St, San Luis Obispo, CA 93405

1283 W Newport St, San Luis Obispo, CA 93405

Sale: $860,000

7/31/20250.47 mi

Area:1,600 sqft
Price/sqft:$538
Beds:3
Baths:2
Year Built:
Weight:18.6%

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