123 Ramona
Price History Original $1,515,000 → Current $1,295,000
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Photos
49 PhotosProperty Description
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. Whether envisioned as a 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.
Basic / Listing Information
Size & Layout
Interior
Exterior / Lot
Parking
Utilities / Energy / Rural Features
HOA / Community
Schools / Location
Ownership / Other Listing Details
Local & Market Information
Property & Market Context
This 4-bedroom, 3-bath San Luis Obispo single-family home offers 2,180 sq ft of living area on a 6,190 sq ft lot.
For context, its current list price of $1,295,000 is about 4% above the 2026 year-to-date through October 9, 2026 median closed single-family home price of $1,249,500 in San Luis Obispo.
Built in 1953, the home is approximately 73 years old, compared with a median home age of 38 years for closed single-family homes in San Luis Obispo during the same period.
Local Market Tidbit
Through October 9, 2026, 51% of closed single-family homes in San Luis Obispo had air conditioning, ranking San Luis Obispo 4th among 14 SLO County communities.
The information in this section is independently compiled or calculated by SLO County Homes and is not provided by the listing broker or CRMLS. Market comparisons use saved SLO County Homes statistics for the period shown and are for general informational purposes only.
IDX Information
Based on information from CRMLS as of October 1, 2026 at 3:17 PM PDT.
The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information is deemed reliable but is not guaranteed and should be independently reviewed and verified for accuracy. Property information is supplied by the listing broker and/or other sources and may be subject to errors, omissions, or changes without notice.
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