San Luis Obispo Homes under $350,000

San Luis Obispo Homes under $350,000

Welcome to San Luis Obispo, a charming city nestled in the heart of California's picturesque Central Coast. Known for its stunning landscapes, vibrant culture, and inviting community, San Luis Obispo, or SLO as locals affectionately call it, offers a unique blend of small-town charm and modern conveniences. With its mild Mediterranean climate, residents enjoy sunny days year-round, making it perfect for outdoor enthusiasts who can explore hiking trails, nearby beaches, and the scenic beauty of the surrounding hills.

One of the most appealing aspects of San Luis Obispo is its diverse real estate market, particularly for first-time homebuyers and those looking for affordable options. Homes under $350,000 can be found in this desirable area, offering an excellent opportunity for buyers to invest in their future without breaking the bank. From cozy condos to quaint townhomes, these properties provide a fantastic starting point for anyone looking to establish roots in this vibrant community.

In addition to its stunning natural beauty, San Luis Obispo boasts a lively downtown area filled with eclectic shops, delicious restaurants, and a thriving arts scene. The famous Thursday Night Farmers’ Market is a must-visit, where locals gather to enjoy fresh produce, live music, and a sense of community. With its friendly atmosphere, rich history, and a wide range of amenities, San Luis Obispo is not just a place to live; it's a place to thrive.

Whether you're searching for your first home or looking to downsize, San Luis Obispo's affordable real estate options make it an ideal choice for anyone seeking a slice of California paradise. Come and discover the magic of SLO!

Newest San Luis Obispo Homes under $350,000

3395 Higuera Street Unit 63, San Luis Obispo
$285,000
2 Beds ⋅ 2 Baths ⋅ SC26203352 MLS ⋅ Active Status
Large Price Reduction to sell fast!!! Located on a spacious lot in Rancho San Luis Mobile Estates, this approximately 1,400 sq. ft. two-bedroom, two-bath home has been thoughtfully renovated inside and out. The spacious interior features two separate living areas, a large primary bedroom, generous room sizes, abundant storage, and an additional bright, naturally lit room that provides even more usable space. The completely remodeled kitchen features new cabinetry, appliances, butcher-block countertops, and plenty of workspace and storage. The updated interior continues throughout the home, including a clawfoot tub that adds character to one of the bathrooms. Outside, the large landscaped yard offers plenty of room to garden, entertain, or simply enjoy the Central Coast weather. Mature fruit trees include apple, lemon, grapefruit, and blood orange, while mountain views provide a beautiful backdrop to the property. Rancho San Luis Mobile Estates is a 55+ community conveniently located near downtown San Luis Obispo, shopping, restaurants, the SLO Public Market, Trader Joe’s, and Highway 101. Community amenities include a pool, heated spa, billiard room, and event area, with Avila Beach and Pismo Beach just a short drive away. A rare combination of space, thoughtful updates, and an exceptional outdoor setting, all in a convenient San Luis Obispo location.

3395 Higuera Street Unit 63, San Luis Obispo
274 Higuera Street Unit 17, San Luis Obispo
$147,000
1 Beds ⋅ 1 Baths ⋅ OC26200573 MLS ⋅ Active Status
400 + 200 square feet, 1 bedroom + loft, 1 bath, lots of closets, vaulted ceilings, large covered porch, side porch to large fenced-in backyard, shed, driveway, gates, 3 parking spots, washer/dryer, dishwasher, AC, forced-air heater, farmhouse sink. Rent Space $1096.99. Square footage includes 200 sqft loft.

274 Higuera Street Unit 17, San Luis Obispo
3860 S Higuera Unit D9, San Luis Obispo
$200,000
2 Beds ⋅ 1 Baths ⋅ NS26189213 MLS ⋅ Active Status
NEW PRICE – NOW OFFERED AT $200,000! An incredible opportunity to own a newer home in San Luis Obispo at an attractive new price! Built in 2021, this move-in ready 2-bedroom, 1-bath home offers 562 square feet of thoughtfully designed, low-maintenance living in Silver City, a welcoming all-age mobile home community. Tucked away along the far side of the park, away from through traffic, this home offers a quieter setting with a covered carport and a private side yard, perfect for enjoying the beautiful Central Coast weather. Whether you're looking for your first home, downsizing, or simply seeking a more manageable lifestyle, this property offers comfort, convenience, and affordability. Residents can enjoy community amenities including a swimming pool and clubhouse, while the convenient South Higuera Street location puts grocery stores, restaurants, shopping, and public transportation within easy reach. Nearby SLO Transit service provides access to downtown San Luis Obispo and Cal Poly. Freshly priced at $200,000, this is your chance to enjoy the San Luis Obispo lifestyle without the traditional single-family home price tag. Don't miss the opportunity to make this charming, nearly new home your own!

3860 S Higuera Unit D9, San Luis Obispo
145 South Street Unit B17, San Luis Obispo
$249,950
3 Beds ⋅ 2 Baths ⋅ PI26185807 MLS ⋅ Active Status
More space where it matters! At approximately 960 sq. ft., this 2019 Cavco West home offers nearly twice the living space of many homes in South Peak, with a hard-to-find 3-bedroom, 2-bathroom floor plan right in San Luis Obispo. Inside, the bright and open layout features vaulted ceilings and an easy flow between the living room, dining area and kitchen, plus a bonus area for a little extra flexibility. The split-bedroom design gives the primary suite its own side of the home, complete with a walk-in closet and private bath, while two additional bedrooms and a second full bath are located on the opposite side. Additional features include dual-pane windows, interior laundry with combination washer/dryer and forced-air heating and large storage shed. This unit comes with 2 parking spots, toward the back of park. Built in 2019, this home gives you the benefit of newer construction along with substantially more room to spread out than you'll typically find in the park. If you've been looking for an affordable way to call San Luis Obispo home without squeezing into a tiny space, B17 is definitely worth a look!

145 South Street Unit B17, San Luis Obispo
1255 Orcutt Road Unit B19, San Luis Obispo
$304,950
3 Beds ⋅ 2 Baths ⋅ WS26154556 MLS ⋅ Active Status
Welcome to this brand new 2026 manufactured home located in the desirable Colonial Manor Manufactured Home Community in San Luis Obispo. This thoughtfully designed single-wide offers 3 bedrooms and 2 bathrooms with a bright, functional layout that maximizes both comfort and space. The kitchen is equipped with sleek stainless steel appliances, creating a modern and inviting space perfect for everyday living. Indoor laundry hookups add convenience, while the overall design offers a clean, low-maintenance lifestyle. Enjoy the ease of living in a well-maintained community with affordable space rent of just $995 per month—an excellent opportunity to own a brand new home in a prime coastal location.

1255 Orcutt Road Unit B19, San Luis Obispo
145 South Street Unit A15, San Luis Obispo
$75,000
2 Beds ⋅ 1 Baths ⋅ SC26135077 MLS ⋅ Active Status
Presenting 145 South Street #A15, a home ideally located very near downtown San Luis Obispo. This charming 2-bed, 1-bath home can be used as an investment (after one year) or owner occupied, and offers 425 sqft of living space, all set in one of SLO’s most walkable and sought-after areas. Inside you’ll find a welcoming layout filled with natural light, and granite counters. Adding more versatility is a finished shed perfect for storage Whether you’re a homeowner, or an investor exploring potential, this location has many perks. Situated close to downtown SLO, you’re moments away from great restaurants, boutique shopping, coffee shops, and nightlife. Enjoy easy access to the city’s beloved Thursday Night Farmers Market and vibrant local culture.

145 South Street Unit A15, San Luis Obispo
145 South Street Unit A76, San Luis Obispo
$124,950
2 Beds ⋅ 1 Baths ⋅ WS26145044 MLS ⋅ Active Status
T This BRAND NEW 2-bedroom, 1-bath home features a functional layout perfect for a small family or a student room share. Come see what SLO living is all about! Space rent is $895 per month.

145 South Street Unit A76, San Luis Obispo
145 S Street Unit A43, San Luis Obispo
$135,000
2 Beds ⋅ 1 Baths ⋅ PI26142889 MLS ⋅ Active Status
Charming and modern 2 - bedroom , 1 bathroom mobile home, conveniently located in the heart of San Luis Obispo. Built in 2018, this well- maintained home offers an optimal layout with high ceilings that create a bright and open feel throughout. The kitchen features an updated range, RO unit , and ample pantry space, which may work well for future addition of a stackable washer/ dryer. The closets are outfitted with shelves and drawers as well, for better storage and organization. An open living room , bedroom , office ( which can also serve as a second bedroom), and bathroom fully furnished for comfort. If you are looking for efficient living in a highly desirable location, look no further. This is a great opportunity to own an adorable and affordable home, close to shopping, dining, and all that San Luis Obispo has to offer. Schedule your tour today!

145 S Street Unit A43, San Luis Obispo
1255 Orcutt Road Unit B33, San Luis Obispo
$159,950
2 Beds ⋅ 2 Baths ⋅ WS26069960 MLS ⋅ Active Status
Welcome to this brand new 2026 Champion manufactured home located in the highly desirable Colonial Manor Manufactured Home Community in San Luis Obispo. This spacious single-wide offers 2 bedrooms and 2 bathrooms with a bright, open-concept layout designed to maximize both comfort and functionality. The well-appointed kitchen features sleek stainless steel appliances and ample cabinetry, creating a modern and inviting space that flows seamlessly into the main living area—perfect for everyday living and entertaining. Indoor laundry hookups add to the home’s convenience, while contemporary finishes throughout enhance its clean, move-in ready appeal. Enjoy comfortable, low-maintenance living in a well-maintained community with affordable space rent of just $995 per month. This is a rare opportunity to own a brand new, thoughtfully designed home in a prime coastal location.

1255 Orcutt Road Unit B33, San Luis Obispo
1255 Orcutt Road Unit B27, San Luis Obispo
$149,950
2 Beds ⋅ 2 Baths ⋅ WS26069950 MLS ⋅ Active Status
Welcome to this brand new 2026 Champion manufactured home located in the desirable Colonial Manor Manufactured Home Community in San Luis Obispo. This thoughtfully designed single-wide offers 2 bedrooms and 2 bathrooms with a bright, functional layout that maximizes both comfort and space. The kitchen is equipped with sleek stainless steel appliances, creating a modern and inviting space perfect for everyday living. Indoor laundry hookups add convenience, while the overall design offers a clean, low-maintenance lifestyle. Enjoy the ease of living in a well-maintained community with affordable space rent of just $995 per month—an excellent opportunity to own a brand new home in a prime coastal location.

1255 Orcutt Road Unit B27, San Luis Obispo
1255 Orcutt Road Unit B14, San Luis Obispo
$149,950
2 Beds ⋅ 2 Baths ⋅ WS25276215 MLS ⋅ Active Status
Brand new 2026 Champion manufactured home located in the Colonial Manor Manufactured Home Community in San Luis Obispo, CA. This well-designed single-wide offers 2 bedrooms and 2 bathrooms with a functional layout. The kitchen features stainless steel appliances, and the home includes indoor laundry hookups for added convenience. Enjoy comfortable, low maintenance living with affordable space rent of $995 per month.

1255 Orcutt Road Unit B14, San Luis Obispo
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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