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321 Tolosa Way — San Luis Obispo — 3 Beds • 2 Baths • 1,652 Sq Ft | Belmont Brokerage

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$1,295,000

$784/ft²

321 Tolosa Way, San Luis Obispo, CA 93405

Property Description

This is the beautifully updated, single-level, three-bedroom home with detached office/workspace that you’ve been waiting for! Located in the established neighborhood near Bishop's Peak, this newly renovated property offers 1,652sf of living space on a 7,333sf lot. The open floor plan includes three spacious bedrooms, two remodeled bathrooms, a welcoming living room, dining area, and a family room featuring a wood-burning fireplace with brick surround, wood-beamed ceiling, built-in cabinetry, and direct access to the backyard. Picture windows, multiple skylights, and newer dual-pane windows fill the home with light, while laminate flooring extends through much of the interior. The updated kitchen features soapstone countertops, tile accents, and refinished mahogany cabinetry. Both bathrooms have been beautifully remodeled, with marble flooring in the three-quarter bath and tile flooring in the full bath. The primary bedroom includes a glass door opening directly to the rear yard. Extensive improvements include an owned solar system with battery storage, upgraded electrical panel, Tesla/EV charger, air conditioning and heating, PEX plumbing, newer water heater, newer composition shingle roof, updated lighting, appliances, windows, flooring, and fixtures. Outdoor spaces include a brick front patio, two newer decks, wood perimeter fencing, mature landscaping, and a backyard featuring lemon, orange, and Fuyu persimmon trees. The upper backyard showcases views of Bishop Peak, while a detached shed/workspace with double glass-door entry provides flexible space for an office, studio, gym, or hobbies. Additional improvements include newer gutters and a French drain system, plus an attached single-car garage. Ideally located near some of San Luis Obispo’s best hiking trails, with downtown, shopping, dining, and everyday amenities just minutes away, this property offers a rare combination of extensive upgrades, indoor-outdoor living, flexible workspace, and an exceptional SLO location. Information not verified.

Listing provided by: Sarah WeberDRE #01077788805-544-8662 sarah@weberteam.com, Compass

MLS #: SC26190432

FLIP & EXPANSION SIMULATORJACKPOT FLIP

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

+$205K

+31.2% ROI

Rehab + Add$303K

Est. ARV$1898K

Est. Profit+$205K

Proj. ROI31%

Sqft to Add (Expansion / ADU)+400 sqft (2,052 total sf)

Remodel Rate (Existing Space)$140/sqft ($231K total)