1602 Sydney Street, San Luis Obispo, CA 93401

New Listing

$1,590,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 2,519 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $1,590,000 List Date: 10/15/2026 Last Modified: 10/15/2026

Overview

Description

A Rare SLO Find: Character, Flexibility & Income Potential in the Desirable Banana Belt Discover a unique opportunity in San Luis Obispo's desirable Banana Belt, conveniently located near French Hospital, Sinsheimer Park and Elementary, SLO High and Terrace Hill hiking trails. This distinctive property blends Craftsman charm and architectural character in the main house with a newly built, modern ADU. Offering exceptional flexibility for multigenerational living, extended guests, or potential rental income, the property sits on a generous ~7,500-square-foot lot. Perched above the street, mature landscaping and a fully fenced yard create a surprisingly private setting to enjoy spectacular sunsets, watch fireworks from nearby SLO Blues games, or unwind in the elevated hot tub retreat. 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, ... (Read more) A Rare SLO Find: Character, Flexibility & Income Potential in the Desirable Banana Belt Discover a unique opportunity in San Luis Obispo's desirable Banana Belt, conveniently located near French Hospital, Sinsheimer Park and Elementary, SLO High and Terrace Hill hiking trails. This distinctive property blends Craftsman charm and architectural character in the main house with a newly built, modern ADU. Offering exceptional flexibility for multigenerational living, extended guests, or potential rental income, the property sits on a generous ~7,500-square-foot lot. Perched above the street, mature landscaping and a fully fenced yard create a surprisingly private setting to enjoy spectacular sunsets, watch fireworks from nearby SLO Blues games, or unwind in the elevated hot tub retreat. 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 while offering high durability. - Thoughtfully designed kitchen with a custom laid mosaic backsplash, butcher-block countertops, copper sink, custom soft close 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 matching floor-to-ceiling marble shower in the primary suite, with soft close cabinetry in each. - Private primary suite entrance from the backyard, with convenient access to the elevated hot tub retreat. Private ADU Features: - Approximately 1,000-square-foot, newly built, light-filled 2-bedroom, 2.5-bath ADU with its own address, attached at the corner of the main house with minimal shared interior walls for added 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. -Custom, soft close cabinetry and a gorgeous handcrafted mahogany burlwood center island. Energy Efficiency & Comfort -Owned solar system that has historically offset electricity usage, often resulting in utility credits when production exceeds usage. -Mini-split heating and cooling in every bedroom and both living rooms for individualized comfort throughout both living spaces. - Dual-pane windows for improved energy efficiency and sound insulation Income Potential: • Estimated ADU rental potential of $3,500+ per month. • Historical annual income of approximately $25,000 from operating the primary suite as an Airbnb Homestay. • Potential for Homestay use of the attached ADU, subject to City of San Luis Obispo regulations and approval. Buyers to independently verify rental estimates, permitting, eligibility, owner-occupancy requirements, and allowable future uses.

Listing Details MLS# 226004897

General Property Information

# Bedrooms: 5
Baths - Full: 4
Baths - 1/2: Yes
Approx SqFt: 2519
Baths - Total: 5
Lot Acres: 0.17
Lot SqFt: 7405
Year Built: 1973
Property Attached: Yes
ADU Y/N: Yes

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash; Conventional Possession: Close of Escrow Lot Description: Back Yard; Exterior Security Lights; Front Yard; Fully Fenced; Gutters; Landscaped; Lot Shape-Rectangle; Lot-Level/Flat Lot Location: Corner Lot; Park Nearby View Type: Hills View; Other View Front of House Faces: House Faces South Other Property Features: Barbeque Private; Energy Efficient; Rain Gutters; Slab Other Structures: Guest House Attached Property Condition: Updated/Remodeled Disclosures: Building Plans Available Building Style: Craftsman Levels: Two Entry Location: Ground Level w/Steps Kitchen Features: Island; Pantry; Remodeled; Second Kitchen Exterior Construction: Combination; Hardee Plank; Wood Siding Foundation: Concrete Slab Flooring: Carpet; Ceramic Tile Cooling Type: Attic Fan; Ceiling Fan(s); Electric Spa Construction: Above Ground Spa Description: Bath Tub; Heated - Electricity; Hot Tub Heating Fuel: Solar Fireplace Location: Living Room Fireplace Features: Wood Burning Stove Fireplace Fuel: Pellet Stove

Listing Location and Property Info

Entry Date: 2026-10-14
Listing Price: 1590000
Property Sub-Type: Single Family Residence
Street #: 1602
Street Name: Sydney
Suffix: Street
County: San Luis Obispo
State/Province: CA
Zip Code: 93401
APN/Tax ID: 003703013
Area: SLO - San Luis Obispo
Country: US

Property Info

Dwelling Total Floors: 2
Entry Floor Number: Yes
Pool: No
Spa: Yes
Fireplace: Yes
Senior Community: No

Property Condition

New Construction: Yes

HOA Information

HOA: No

More Information

Listing Office: Clearwater Real Estate

Listing Agent: Krista Clearwater
805-418-0315 | kclearwater.realestate@gmail.com

Agent Email: kclearwater.realestate@gmail.com

Last Updated: October - 15 - 2026

Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.