John E Burge

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123 RamonaSan Luis Obispo, CA 93405

Single Family · 4 Beds · 3 Full Baths · 2,180 Sq. ft. | 0.14 Acres
$1,445,000 Active

123 Ramona Overview

Time on Site:
35 days
Visits:
0

Located in one of San Luis Obispo’s most desirable neighborhoods just minutes from California Polytechnic State University, downtown SLO, famous nearby mountains and top-rated schools, this exceptional property offers charm, versatility, and income-producing opportunity for owner-occupants, investors, or those seeking multi-generational living. Situated on an expansive 6,190± square foot parcel, the property features approximately 2,180± square feet of living space. The main residence offers a functional and inviting layout filled with abundant natural light. The first floor includes a well-appointed kitchen with stainless steel appliances, two bedrooms, one full bathroom, a bonus area, living room, oversized family room, in-unit laundry, and a garage currently utilized for storage. Upstairs, the private primary suite creates a peaceful retreat complete with a full bathroom and walk-in closet. Adding even more flexibility, the attached, permitted studio features its own private entrance, kitchenette, and full bathroom—ideal for guests, extended family, student housing, or rental income. Other highlights include ample storage, an updated electrical panel, rear rock patio, and mature fruit bearing trees. The generous floor plan presents potential for additional bedrooms or bathrooms, and the garage may present ADU conversion, subject to buyer verification and approval with the City of San Luis Obispo. Currently tenant-occupied through June 30, 2026, the property generates rental income with the main residence leased at $4,655/month and the studio at $1,545/month, with potential rental upside for market-rate adjustments, making it an attractive opportunity for investors seeking long-term cash flow in a high demand rental market. Whether you envision a beautiful primary residence, an income-producing investment, or a property with room to expand and create, this home offers endless potential in an unbeatable location. Rarely do opportunities like this become available in the Bishop Knoll neighborhood.

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123 Ramona Facts & Features

  • Type Single Family
  • Sq. ft. 2,180
  • Price/Sq.ft. $663
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

School Information

  • School District: San Luis Coastal Unified
  • Elementary School: Bishop's Peak
  • Middle Or Junior School: Laguna
  • High School: San Luis Obispo

Building Information

  • New Construction: No
  • Year Built: 1953

Location/Region

  • Country: US
  • County Or Parish: San Luis Obispo
  • MLS Area Major: SLO - San Luis Obispo
  • Postal City: SAN LUIS OBISPO
  • Subdivision Name: San Luis Obispo(380)

Community/Development

  • Community Features: Curbs,Gutter(s),Hiking,Mountainous,Street Lights,Sidewalks,Park

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 052361010
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 1.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Total: 3
  • Bedrooms Total: 4

General Information

  • Accessibility Features: Low Pile Carpet,Parking
  • Appliances: Dishwasher,Freezer,Disposal,Gas Oven,Gas Range,Gas Water Heater,Microwave,Refrigerator,Dryer,Sump Pump,Washer
  • Basement: Sump Pump
  • Common Walls: No Common Walls
  • Electric: Electricity - On Property
  • Entry Level: 1
  • Entry Location: Front Door
  • Fireplace Features: Family Room,Gas
  • Fireplace: Yes
  • Flooring: Carpet,Tile,Vinyl,Wood
  • Foundation Details: Slab
  • Interior Features: Ceiling Fan(s),Eat-in Kitchen,Quartz Counters,Recessed Lighting,Storage,Unfurnished,Attic,Bedroom on Main Level,Walk-In Closet(s)
  • Laundry Features: Washer Hookup,Gas Dryer Hookup,Inside
  • Levels: Two
  • Living Area: 2180.0
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Parking Features: Concrete,Covered,Driveway,Garage
  • Parking Total: 1.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre,Back Yard,Drip Irrigation/Bubblers,Front Yard,Landscaped,Near Park,Near Public Transit
  • Lot Size Acres: 0.1421
  • Lot Size Area: 6190.0
  • Lot Size Source: Other
  • Lot Size Square Feet: 6190.0
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Attached Garage: Yes
    • Construction Materials: Drywall,Stone,Stucco,Wood Siding
    • Direction Faces: North
    • Patio And Porch Features: Concrete,Covered,Front Porch,Open,Patio,Porch,Stone,Tile
    • Property Attached: No
    • Roof: Composition,Shingle
    • Structure Type: House

    General Information

    • Exterior Features: Rain Gutters
    • Fencing: Chain Link,Wood
    • Number Of Units Total: 2
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected

    123 Ramona Neighborhood

    Community

    93405 (San Luis Obispo) Demographics

    22
    Median Age
    413
    Population Density (per sq. mile)
    49%
    College Educated
    $47,783
    Estimated Median Income
    3,134
    Estimated Total Home Owners
    5,266
    Estimated Total Renters
    37% / 63%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    123 Ramona Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    123 Ramona Market Data

    Based on the last 30 days in this zip code

    $1,880,121
    Average List Price
    $772
    Average Price per Square Foot
    13
    Properties Sold
    89
    Average Days on Market
    112
    Properties for Sale
    Calculations provided by Reliance Network

    123 Ramona History

    Date Event Value Agent
    6/25/2026Source: CRMLS Price Reduction
    $1,445,000 -3.0%
    6/9/2026Source: CRMLS Price Reduction
    $1,490,000 -1.7%
    5/25/2026Source: CRMLS Added to Database
    May 25, 2026
    Listing provided courtesy of Triad Real Estate GroupJenna Lee- MLS# SC26112646MLS ProviderContact Information: [email protected] - 805-544-5500
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