241 Henderson Ave, San Luis Obispo, CA, 93405
About This Home
Prime investment opportunity in the highly sought-after “Golden Zone” just steps from California Polytechnic State University. This charming property offers an ideal blend of location, flexibility, and future development potential. The existing home features 3 bedrooms and 2 bathrooms, thoughtfully updated with a newer kitchen and somewhat remodeled bathrooms, creating a comfortable and move-in ready living space. An indoor laundry room adds everyday convenience, while the flexible floor plan offers the potential to convert the dining room or kitchen area into a fourth bedroom—maximizing use and versatility. From the street, the home boasts darling curb appeal with low-maintenance, drought-resistant landscaping, a turf lawn, and a welcoming front deck—perfect for enjoying the Central Coast lifestyle without the upkeep. What truly sets this property apart are the City-approved plans for a 4-bedroom ADU, presenting a rare and valuable opportunity to significantly increase long-term value in one of the most desirable locations in San Luis Obispo. The current lease is in place through 6/30/2026, offering a clear timeline for future planning. Whether you're looking to expand your portfolio, secure a prime location near campus, or capitalize on development potential, this is an exceptional opportunity you won’t want to miss.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Additions/Alterations
- Year built: 1953
Materials
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Built-In Range,Dishwasher,Disposal,Gas Range,Microwave,Dryer,Washer
- Laundry features: Inside,Laundry Room
Bathroom
- Features: Bathroom Exhaust Fan,Bathtub,Remodeled,Solid Surface Counters,Separate Shower,Tub Shower
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Features
- Separate/Formal Dining Room,Eat-in Kitchen,Quartz Counters,All Bedrooms Down,Bedroom on Main Level,Main Level Primary,Primary Suite
- Window features: Blinds
- Flooring: Carpet,Laminate
- Fireplace features: Family Room,Gas,Kitchen
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: None
Interior Area
- Total interior livable area: 1,471 sqft
Kitchen
- Features: Remodeled,Solid Surface Counters,Updated Kitchen
Master Bedroom
- Features: Main Level Primary
Master Bedroom
- Features: Primary Suite
Property
Details
- Parcel number: 052122011
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Patio & porch: Deck,Stone,Wood
- Spa features: None
- Has view: Yes
- View description: City Lights,Hills,Mountain(s),Neighborhood
Lot
- Lot size: 5,100 sqft
- Features: Back Yard,Front Yard,Near Public Transit,Street Level,Value In Land,Walkstreet,Yard
Parking
- Parking features: Attached Carport
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Luis Obispo County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,574 | $90,888 |
| Home Insurance * | $219 | $2,628 |
| Property Taxes | $1,387 | $16,644 |
| Electricity | $398 | $4,786 |
| Total | $9,578 | $114,936 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Price change | $1,498,000 |
| 2026-04-10 | Listed for sale | $1,575,000 |
| 2026-04-01 | Listing removed | $8,000 |
| 2026-03-15 | Price change | $8,000 |
| 2026-03-07 | Listed for rent | $15,000 |
| 2026-01-22 | Sold | $1,200,000 |
| 2020-03-31 | Listing removed | $3,900 |
| 2020-03-26 | Listed for rent | $3,900 |
| 2015-11-09 | Sold | $705,000 |
| 2015-10-04 | Pending sale | $719,000 |
| 2015-10-02 | Listed for sale | $719,000 |
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