1602 Sydney Street, San Luis Obispo, CA 93401 (MLS # 226004897)

Price $1,590,000
Status Active
Beds 3
Baths 2 Baths
Home size 1,512 sqft
Lot Size 7,406 sqft
Days on Market 1
A Rare SLO Find: Character, Flexibility & 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 & 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 Type(s): Single Family
Last Updated 10/14/2026 Year Built 1973
Community SLO - San Luis Obispo Garage Spaces 2.0
County San Luis Obispo

Additional Details

AIR Electric
AIR CONDITIONING Yes
AREA SLO - San Luis Obispo
EXTERIOR Barbecue, Rain Gutters
FIREPLACE Yes
GARAGE Yes
HEAT Active Solar, Fireplace Insert, Solar
INTERIOR Cathedral Ceiling(s), Pantry
LOT 7405 sq ft
LOT DESCRIPTION Back Yard, Corner Lot, Landscaped, Level, Rectangular Lot
LOT DIMENSIONS 7405
STORIES 2
STYLE Craftsman
VIEW Yes
VIEW DESCRIPTION Hills

Location

Listed with Clearwater Real Estate

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