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$552,500
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Property Description
There's something special about Murray Avenue, one of San Luis Obispo's most loved streets, and opportunities like this are rarely available. Vacant lots on Murray are limited, making this 6,250± sq ft offering especially noteworthy. Ideally located just minutes from California Polytechnic State University, downtown San Luis Obispo, and some of the area's best hiking and biking trails, the setting alone is hard to beat.
What truly sets this opportunity apart is the momentum already in place. Plans for a thoughtfully designed house and ADU have been submitted to the City of San Luis Obispo and are included in the sale, featuring a 4-bedroom, 3-bath main residence with a detached 3-car garage, plus a 2-bedroom, 1-bath ADU. Whether you're looking to build your dream home or create a high-demand investment property with strong rental potential, this is a rare chance to step into one of San Luis Obispo's most consistently desirable neighborhoods with a head start.
Full Property Details
Full Property Details for 878 Murray Ave
General
- Sold For: $552,500
- Status: Closed
- Type: Lots/Land
- Source: MRMLS
- MLS ID: NS26071720
- Added to Site: 14 day(s) ago
Location
- Area: SLO - San Luis Obispo
- County: San Luis Obispo
- Development Name: SLO - San Luis Obispo
- Subdivision: San Luis Obispo(380)
- Driving Directions: On north side of Murray Ave.
Utilities
- Water: Public
- Utility Description: Sewer Available, Electricity Available
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1435
- Lot Size (Sq. Ft.): 6,250
- Lot Size Source: Assessor
- Present Use: See Remarks
- Potential Use: Residential
- Zoning: R1
- Lot Description: Curbs, Sidewalks, Suburban
- Fencing (Description): None
Financial Considerations
- Price Per Sq. Ft.: $88.4
Listed by Stable Properties, Kelly Wood and Stable Properties, Jane Karney
Sold by Modern Broker, Adam Pettit
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Schools
Schools serving 878 Murray Ave
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Bishop's Peak Elementary School 451 Jaycee Drive, San Luis Obispo, CA 93405 | K-6 | 1.1 mi |
Laguna Middle School 11050 Los Osos Valley Road, San Luis Obispo, CA 93405 | 7-8 | 2.5 mi |
San Luis Obispo High School 1499 San Luis Drive, San Luis Obispo, CA 93401 | 9-12 | 1.1 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 878 Murray Ave
Date
Details
Price
Change
Source
4/13/2026
Sold
$552,500
-7.76%
MLS
4/03/2026
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
878 Murray Avenue, San Luis Obispo, CA 93405 (MLS# NS26071720) is a Lots/Land property that was sold at $552,500 on April 13, 2026. Want to learn more about 878 Murray Avenue? Do you have questions about finding other Lots/Land 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.

