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701 Los Osos Valley Rd, Los Osos, CA, 93402

7beds
4baths
2,985sqft
$1,469,500
$492price/sqft
$9,047/moest. monthly cost
$361,880/yrincome needed

About This Home

Rare multi-family opportunity in the heart of Los Osos. This unique property features a secluded 3-bedroom, 2-bath main residence with an attached two-car garage. Also included is a duplex with two 2-bedroom, 1-bath units, each with its own outdoor patio. All residences are situated on 8750 sqft. centrally located lot just minutes from scenic hiking trails. An ideal and affordable living solution—occupy one unit while generating rental income from the others. Located just 0.5 miles from downtown Los Osos and close to the library, tennis courts, skate park, and Monarch Elementary School.

Getting Around

57
WalkingSomewhat Walkable
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

8/10
Los Osos Middle SchoolGrades 6-81.5 mi
8/10
Morro Bay High SchoolGrades 9-125.1 mi

Construction

Condition

  • Year built: 1976

Type & Style

  • Home type: SingleFamily
  • Property subType: Duplex

Interior

Appliances

  • Laundry features: Washer Hookup

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4
  • Full bathrooms: 3
  • 3/4 bathrooms: 1
  • Main level bathrooms: 3
  • Main level bedrooms: 7

Features

  • All Bedrooms Down
  • Fireplace features: None
  • Common walls with other units/homes: 1 Common Wall

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: None

Interior Area

  • Total interior livable area: 2,985 sqft

Property

Details

  • Parcel number: 074371001
  • Attached to another structure: Yes
  • Special condition: Trust

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 8,750 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Door-Multi,Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Wildfire

FEMA Declared Disasters in San Luis Obispo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $7,430$89,160
Home Insurance *$194$2,328
Property Taxes $783$9,396
Electricity $640$7,681
Total$9,047$108,564
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$310,182/yr
40% on housing$271,410/yr
45% on housing$241,253/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

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.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$492This listing

vs Other Active Listings

Avg $/sqft

ZIP 93402$462
San Luis Obispo County$560

vs Homes Sold Last Month

Median $/sqft

ZIP 93402$568
San Luis Obispo County$522

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

DateEventPrice
2026-02-02Listed for sale$1,469,500
2012-05-03Listing removed$575,000
2012-03-29Listed for sale$575,000

For Sale by Agent

AgentAlan Deckel
BrokerageRE/MAX Success

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