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TERRI ALVES HOMES

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1602 Sydney Street
San Luis Obispo, CA 93401
today NEW · Active
$1,590,000
$1,052 / Sqft
3
Beds
2
Baths
2
Garage
1,512
Sqft
0.17
Acres
MLS# 226004897
Cumulative Days on Market: Less than 1 · Includes prior listings · Currently listed since 10/15/26 · Data provided by the MLS.

Property Description

A Rare SLO Find: Character, Flexibility and Income Potential in the Desirable Banana BeltDiscover a unique opportunity in San Luis Obispo's desirable Banana Belt, conveniently located near downtown and Sinsheimer Park. Blending Craftsman charm with distinctive architectural details and a private, newly built ADU, this versatile property offers exceptional possibilities for multigenerational living, hosting extended guests, or income generation.Main House Features: - 3 bedrooms, 2 bathrooms, a dedicated laundry room, and a two-car garage. - Architectural character featuring sculptural details, graceful arches, fresh bedroom carpeting, and imported Italian porcelain flooring that offers the look of hand-pressed Saltillo tile with high durability. - Thoughtfully designed kitchen with a handmade Tree of Life backsplash, butcher-block countertops, a copper sink, custom cabinetry with pullouts, stainless steel appliances, and under-cabinet lighting. - Beautifully detailed bathrooms showcasing purpleheart wood framing Italian Carrara marble in the hall bath and a floor-to-ceiling marble shower in the primary suite.Private ADU Features: - Newly built, light-filled 2-bedroom, 2.5-bath ADU attached at the corner of the main house with minimal shared interior walls for optimal privacy. - Luxury vinyl plank flooring throughout, two matching upstairs bedrooms with ensuite bathrooms and soaking tubs, and west-facing sunset views from the living areas, bedrooms, and brand-new redwood deck.-Gorgeous handcrafted Mahogany center island Income Potential and Property Highlights: - Estimated ADU rental income of $3, 500+ per month, with a proven history of approximately $25, 000 annually operating the primary suite as an Airbnb homestay. (Note: Buyers to independently verify eligibility, permitting, owner-occupancy requirements, and future usage options). - Situated on a generous ~7, 500-square-foot lot featuring a whimsical tree house, tropical landscaping, and an elevated hot tub retreat.

Property Highlights

Property Type
Residential
Property Sub Type
Single Family Residence
Architectural Style
Craftsman
Bedrooms
3
Total Bathrooms
2
Living Area
1,512
Price / Sqft
$1,052
Acres
0.17
Year Built
1973
Condition
Updated Remodeled

Location

Area
SLO - San Luis Obispo
City/Township
San Luis Obispo
Direction Faces
South
View
Hills
County
San Luis Obispo
Zoning
R1

Property Details

Price
$1,590,000
Condition
Updated Remodeled
Property Type
Residential
Property Sub Type
Single Family Residence

Building

Levels
Two
Stories
2

Community

Community Features
Park

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
2
Full Bathrooms
2
Bedrooms
3

Area and Spaces

Living Area
1,512

Interior Features

Interior Features
Cathedral Ceilings, Pantry
Flooring
Carpet
Fireplace Features
Insert, Living Room, Pellet Stove, Wood Burning Stove
Entry Level
1
Entry Location
Ground Level w/Steps

Heating and Cooling

Heating Features
Solar
Has Fireplace
Yes

Building Details

Construction

Architectural Style
Craftsman
Year Built
1973
Foundations
Slab

Terms

Terms

Exclusions
Appliances, hot tub and center island are all negotiable
Special Conditions
Standard
Special Terms
Cash, Conventional

Heating, Cooling & Utilities

Cooling Features
Electric

Lot

Acres
0.17
Lot Size
7,405
Lot Size Area Sq Ft
7,405
Lot Features
Back Yard, Corner Lot, Landscaped, Level, Near Park, Rectangular Lot

Exterior Features

Exterior Features
Barbecue, Rain Gutters

Parking

Total Parking Spaces
2
Garage Capacity
2

Pool Features

Spa
Yes
Spa Features
Above Ground, Bath
Listed by Krista Clearwater, Clearwater Real Estate, (805) 418-0315
Listing Data last updated 10/15/2026 08:00 am
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Property History

Today
Status Active. This is the date the listing was placed on market.
Today
Property information last updated
Cumulative Days on Market: Less than 1 days (includes prior listings) · Currently listed since October 15, 2026. Data provided by the MLS.

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