731 Santa Ysabel Ave San Luis Obispo, CA 93402
Estimated payment $4,410/month
Highlights
- Golf Course Community
- Back Bay Views
- Deck
- Baywood Elementary School Rated A-
- Dual Staircase
- 5-minute walk to Pasadena Park
About This Home
An Exceptional Opportunity in Baywood Park!
First time on the market, this unique mixed-use property offers the perfect fusion of work and home life in one dynamic location. Just steps from Baywood Park’s charming business district, this two-story property invites creativity, productivity, and comfortable living. It is the opportunity for you to bring your creative eye to update and innovate new life into this space.
Entering from the side of the building you will find the 2-bedroom residence features a primary suite with a full bath and its own balcony, a cozy living room with a wood-burning fireplace, a small kitchen with adjacent dining area, and in-unit laundry—all on the same level. The second bedroom, which is a walk-through and can also be used as an office/den. Westside windows look out toward the Back Bay, bringing in the view and ocean air which makes this home feel so alive and vibrant.
The 450 sf ground-floor commercial space has a street front entrance and boasts open floor space with high ceilings, a handicap-access restroom and expansive windows that invite natural light—ideal for consultants, artists, wellness practitioners, or client-facing businesses. A private garage, additional off-street parking, and ample street parking complete the property.
Baywood Park is a lively community with popular cafes, inns, restaurants, art studios, yoga classes, a nearby Nature Preserve, and the weekly Farmer’s Market. Whether you're seeking a seamless home-office blend, an inspiring studio, or an investment with versatile potential, this property is ready to support your vision. The upstairs has been staged to show living space concept.
Listing Agent
Windermere Central Coast Brokerage Phone: 805 215-6999 License #02116463 Listed on: 08/04/2025

Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,142
Year Built
- Built in 1987
Lot Details
- 3,049 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Fence is in fair condition
- Density is 2-5 Units/Acre
Parking
- 1 Car Attached Garage
- 2 Open Parking Spaces
- Parking Available
Property Views
- Back Bay
- Neighborhood
Home Design
- Triplex
- Entry on the 1st floor
- Planned Development
- Composition Roof
- Wood Siding
Interior Spaces
- 1,572 Sq Ft Home
- 2-Story Property
- Dual Staircase
- Wood Burning Fireplace
- Stained Glass
- Living Room with Fireplace
- Home Office
Kitchen
- Eat-In Kitchen
- Gas Oven
- Gas Range
- Free-Standing Range
- Microwave
- Tile Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- All Upper Level Bedrooms
- Tile Bathroom Countertop
- Low Flow Toliet
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Balcony
- Deck
- Patio
Location
- Property is near public transit
Schools
- Baywood Elementary School
- Los Osos Middle School
- Morro Bay High School
Utilities
- Forced Air Heating System
- Overhead Utilities
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 038102036
- Seller Considering Concessions
Community Details
Overview
- Property has a Home Owners Association
- Master Insurance
- 3 Units
- 731 735 Santa Ysabel Mixed Use Association, Phone Number (805) 215-6999
- Galen Ricard HOA
- Town Of El Moro Subdivision
- Property is near a preserve or public land
Recreation
- Golf Course Community
- Hiking Trails
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $5,142 | $261,671 | $114,923 | $146,748 |
2024 | $5,058 | $256,541 | $112,670 | $143,871 |
2023 | $5,058 | $251,511 | $110,461 | $141,050 |
2022 | $4,904 | $246,581 | $108,296 | $138,285 |
2021 | $4,998 | $241,747 | $106,173 | $135,574 |
2020 | $4,504 | $239,269 | $105,085 | $134,184 |
2019 | $4,428 | $234,578 | $103,025 | $131,553 |
2018 | $4,632 | $229,979 | $101,005 | $128,974 |
2017 | $4,300 | $225,471 | $99,025 | $126,446 |
2016 | $3,310 | $221,051 | $97,084 | $123,967 |
2015 | $3,274 | $217,731 | $95,626 | $122,105 |
2014 | $3,078 | $213,467 | $93,753 | $119,714 |
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
09/29/2025 09/29/25 | Price Changed | $750,000 | -3.2% | $477 / Sq Ft |
08/04/2025 08/04/25 | For Sale | $775,000 | -- | $493 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC25156869

APN: 038-102-036
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