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$1,165,000

  • Sold
  • Closed
  • Single Family
  • 6 Beds
  • 3 Full Baths
  • 1,817 Sq. Ft.
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Tucked away on a quiet street in the Laguna Lake area, this nicely maintained property offers exceptional flexibility and value on a 6,000 sq. ft. lot. The main residence features 4 bedrooms and 2 bathrooms, complemented by a brand-new 2-bedroom, 1-bath attached ADU with its own private entrance-ideal for investors, extended family living, or rental income. The main home has been thoughtfully updated with newer windows, vinyl plank flooring throughout much of the house, and a refreshed bathroom featuring a new shower and vanity. Many major systems have also been improved, including a newer roof, a furnace upgrade, and extensive foundation shoring completed by Foundation Solutions, providing peace of mind for years to come. The kitchen and living room are generously sized and functional, while all four bedrooms offer comfortable proportions. The newly constructed garage-conversion ADU is stylish and turnkey, boasting a full kitchen with quartz countertops, stylish tile backsplash, and stainless steel appliances. The modern bathroom features a subway tile shower with a frameless glass enclosure, and vinyl plank flooring runs throughout the unit. Outside, enjoy a large driveway with ample parking and a peaceful backyard complete with a deck platform and storage shed-perfect for relaxing or entertaining. Whether you're looking for a strong investment opportunity, a perfect setup for Cal Poly students, or a home with private guest quarters, this versatile Laguna Lake property truly checks all the boxes.

Full Property Details for 1481 Balboa

General

  • Sold For: $1,165,000
  • Status: Closed
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: SC26030333
  • Added to Site: 111 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Living Room, Main Floor Bedroom
  • Interior Features: Pantry, In-Law Floorplan
  • Fireplace: Yes
  • Fireplace(s): Gas, Wood Burning
  • Eating Areas: Area
  • Appliances: Water Heater, Refrigerator, Gas Range, Dishwasher
  • Flooring: Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Individual Room

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Deck

Parking

  • Parking: Driveway

Location

  • County: San Luis Obispo
  • Subdivision: San Luis Obispo(380)
  • Driving Directions: Turn onto Oceanaire from Madonna; left on Atascadero, right on Gulf, left on Coral, right on Balboa, home is on the left

School Information

  • School District: San Luis Coastal Unified
  • High School: SALUOB

Community

  • Community Features: Storm Drains, Sidewalks, Suburban

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Single Family Residence
  • Construction: Stucco
  • Foundation: Slab
  • Roof: Composition
  • Common Walls: No Common Walls
  • Windows: Double-Pane Windows
  • Entry Location: Front door
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,817
  • Sq. Ft. Source: Assessor
  • Year Built: 1963
  • Year Built Source: Assessor
  • Property Condition: Turnkey

Lot Features

  • Property View: Mountain(s), Neighborhood
  • Lot Size (Acres): 0.1377
  • Lot Size Source: Assessor
  • Lot Description: Landscaped, Level, Front Yard, Garden, Back Yard

Financial Considerations

  • Price Per Sq. Ft.: $657.68

Disclosures and Reports

  • Special Conditions: Standard

Listed and Sold by The Avenue Central Coast Realty, Inc., Jed Damschroder

Listing agent

— 1481 Balboa —

  • Jed Damschroder

    The Avenue Central Coast Realty, Inc.

805-550-7960

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1481 Balboa

School District:San Luis Coastal Unified School District
NameGradesDistance
Smith (C. L.) Elementary School
1375 Balboa Street, San Luis Obispo, CA 93405
K-60.1 mi
Laguna Middle School
11050 Los Osos Valley Road, San Luis Obispo, CA 93405
7-80.6 mi
San Luis Obispo High School
1499 San Luis Drive, San Luis Obispo, CA 93401
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1481 Balboa

Date
Details
Price
Change
Source
4/13/2026
Sold
$1,165,000
-2.51%
MLS
2/10/2026
Listed
$1,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by The Avenue Central Coast Realty, Inc., Jed Damschroder

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1481 Balboa, San Luis Obispo, CA 93405 (MLS# SC26030333) is a Single Family property that was sold at $1,165,000 on April 13, 2026. Want to learn more about 1481 Balboa? Do you have questions about finding other Single Family real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.