1481 Balboa

Property Overview
Tucked away on a quiet street in the Laguna Lake area, this nicely maintained property offers exceptional flexibility and value on a 6,000 sq. ft. lot. The main residence features 4 bedrooms and 2 bathrooms, complemented by a brand-new 2-bedroom, 1-bath attached ADU with its own private entrance—ideal for investors, extended family living, or rental income. The main home has been thoughtfully updated with newer windows, vinyl plank flooring throughout much of the house, and a refreshed bathroom featuring a new shower and vanity. Many major systems have also been improved, including a newer roof, a furnace upgrade, and extensive foundation shoring completed by Foundation Solutions, providing peace of mind for years to come. The kitchen and living room are generously sized and functional, while all four bedrooms offer comfortable proportions. The newly constructed garage-conversion ADU is stylish and turnkey, boasting a full kitchen with quartz countertops, stylish tile backsplash, and stainless steel appliances. The modern bathroom features a subway tile shower with a frameless glass enclosure, and vinyl plank flooring runs throughout the unit. Outside, enjoy a large driveway with ample parking and a peaceful backyard complete with a deck platform and storage shed—perfect for relaxing or entertaining. Whether you’re looking for a strong investment opportunity, a perfect setup for Cal Poly students, or a home with private guest quarters, this versatile Laguna Lake property truly checks all the boxes.
Home Details
- Property type
- Residential - SingleFamilyResidence
- Year built
- 1963
- Living area
- 1,817 sq ft
- Lot size
- 6,000 sq ft
- Stories
- 1.0
- Days on market
- 5
- MLS status
- Active
Features & Amenities
Interior
- In Law Floorplan
- Pantry
- Bedroom On Main Level
Appliances
- Dishwasher
- Gas Range
- Refrigerator
- Water Heater
Parking
- Driveway
Pool
- None
Lot
- Back Yard
- Front Yard
- Garden
- Landscaped
- Level
Exterior
- Rain Gutters
Community, Schools & Utilities
Community
- Subdivision
- San Luis Obispo(380)
- View
- Yes
Schools
- High school
- San Luis Obispo
Utilities
- Heating
- Central
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

