93405 Homes under $2 million

Welcome to the vibrant community of San Luis Obispo, California, nestled in the heart of San Luis Obispo County and known for its stunning landscapes, rich history, and a charming downtown. The zip code 93405 encompasses some of the most desirable neighborhoods in the area, making it an ideal place for families, young professionals, and retirees alike.

Here, you’ll find an impressive selection of homes under $2 million, offering a range of options to fit your lifestyle and budget. From cozy bungalows with character to modern family homes complete with all the amenities, there’s something for everyone. The real estate market in this region is as diverse as its residents, with properties that boast beautiful views of the surrounding hills, easy access to local parks, and proximity to the vibrant downtown scene.

Living in 93405 means embracing the California lifestyle. Enjoy sunny days at nearby beaches, explore the scenic hiking trails in the Santa Lucia Mountains, or savor the local culinary delights at one of the many award-winning restaurants. The area is also home to top-rated schools and a strong sense of community, making it a perfect place to raise a family or settle down.

With a variety of homes available under $2 million, now is a fantastic time to explore what San Luis Obispo has to offer. Discover your dream home in this picturesque city, where the charm of small-town living meets the excitement of California's coastal culture. Come for the homes, stay for the lifestyle!

Newest 93405 Homes under $2 million

$1,045,000

SC26223259 MLS ⋅ Active Status

Calling Cal Poly Parents and Investors! A turnkey student housing opportunity in an established San Luis Obispo neighborhood, ideally located minutes to Cal Poly and downtown. Designed to accommodate approx. 5 to 6 students, this mid-century home offers a ready-to-go option for buyers seeking a property with student rental potential. Property previously rented for $5,000/mo. The open-concept living, dining, and kitchen areas create a central gathering space, complemented by durable luxury vinyl plank flooring throughout the main living areas. The updated kitchen pairs vintage character with modern function, featuring stainless steel appliances, a gas range, dishwasher, farmhouse sink, generous cabinetry, and breakfast bar. French doors open to an outdoor deck shaded by mature trees, extending the living space outdoors and creating a natural spot to gather, study, or unwind. The home's flexible layout includes three bedrooms, two bathrooms, additional storage spaces, and convenient attic access. A single-car garage with laundry area and utility sink adds practical functionality. Set on a cul-de-sac in a sought-after San Luis Obispo location near the university, downtown, shopping, dining, and parks, this property offers an opportunity to combine a convenient location with student housing/rental strategy and the appeal of California indoor-outdoor living.

2050 Hope Street, San Luis Obispo

$1,650,000

4 Beds ⋅ 2 Baths ⋅ SC26222486 MLS ⋅ Active Status

Tucked at the top of a quiet cul-de-sac in Ferrini Ranch, one of San Luis Obispo’s most sought-after neighborhoods, this custom-built home offers a rare combination of privacy, character, and sweeping views of Madonna Mountain and Bishop Peak. The property enjoys a peaceful setting with a sense of space that extends well beyond its boundaries on just under 1/2 an acre. Inside, vaulted ceilings, multiple skylights, and an abundance of natural light create an open, inviting atmosphere. The thoughtfully designed floor plan includes three bedrooms, two bathrooms, a dedicated office, a den, and a versatile flex space on the lower level with 10-foot ceilings and its own private entrance. Both guest bedrooms feature private balconies, each capturing a different perspective of the surrounding hills. The reimagined kitchen includes newly installed marble counters and stainless steel appliances. The home has recently undergone an extensive refresh, including new flooring, fresh interior and exterior paint, and additional upgrades that make it truly move-in ready. The oversized garage is another standout, featuring beautiful real wood doors and impressively tall ceilings, offering exceptional room for storage, hobbies, or projects. Outside, the oak-studded hillside has been thoughtfully landscaped with stone terraced garden walls, winding paths, and a variety of established fruit trees, including lemon, mandarin, persimmon, cherimoya, orange, and lime. Mature cypress trees and a carefully placed cactus garden add texture and character throughout the property. A charming pergola with bistro lighting creates an inviting place to entertain or simply enjoy the views, while a built-in, brick-clad Santa Maria-style BBQ makes outdoor gatherings a natural part of life here. At the upper portion of the property, a relatively level area offers possibilities for a garden, play structure, bocce court, or simply another place to take in the surroundings. The fully fenced backyard provides privacy while maintaining an open connection to the natural landscape beyond. With its distinctive architecture, generous indoor and outdoor spaces, recent improvements, and exceptional setting, this is a property that offers something increasingly difficult to find in San Luis Obispo.

957 Skyline Drive, San Luis Obispo

$1,090,000

3 Beds ⋅ 3 Baths ⋅ SC26216291 MLS ⋅ Active Status

Tucked away on a quiet cul-de-sac in the sought-after Laguna Shores neighborhood, this move-in ready two-story home offers the best of San Luis Obispo living, just moments from Laguna Lake. Inside, vaulted ceilings and abundant natural light create an open, airy feel in the living room, where a gas fireplace anchors the space and a charming window seat adds a cozy spot to relax. The living area flows seamlessly into the dining area and the updated kitchen, making it easy to cook, gather, and entertain. A door off the kitchen leads directly to the backyard, perfect for indoor-outdoor living. Two bedrooms are located downstairs, each with their own bathroom and sliding doors to the backyard, ideal for family, guests, or a home office. Upstairs, the private primary suite is a true retreat, featuring a walk-in closet, an en suite bathroom, and stunning views of the surrounding mountains and hills. Outside, the low-maintenance backyard is designed for enjoying San Luis Obispo's beautiful year-round weather. Turf and easy-care landscaping keep upkeep simple, while a covered patio provides the perfect setting for dining and entertaining. The front yard's garden beds offer space to grow your own produce or flowers, and a detached shed provides extra storage. The attached two-car garage includes the washer and dryer for added convenience. Enjoy an ideal location close to Laguna Middle School, Smith Elementary, shopping plazas and everyday amenities, and hiking trails, with so much more nearby.

833 Escuela Court, San Luis Obispo

$895,000

3 Beds ⋅ 1 Baths ⋅ SC26206139 MLS ⋅ Active Status

At the intersection of opportunity and vintage San Luis Obispo, is this nearly-original 3 bedroom home with detached 2 car garage on a generous corner lot. Inspection reports are available for property condition, reflecting minimal maintenance since purchase in the 1950’s. Bath and kitchen have had updates since original construction. No laundry hookups. Ask your agent about available documents and property showing conditions. Positioned in proximity to elementary schools, Cal Poly, and Hwy 1. Square footage source is County Records.

392 Christina Way, San Luis Obispo

$1,285,000

3 Beds ⋅ 2 Baths ⋅ SC26222006 MLS ⋅ Coming Soon Status

Classic 1970s California Ranch-style home situated on a large 1/4 acre lot in the Laguna Lake area. Conveniently located between Madonna Plaza and the Irish Hills Natural Reserve, this property presents an exceptional opportunity to expand upon the existing 1,576-square-foot residence and/or develop multiple accessory dwelling units (ADUs). Built in 1979, this home features 3 Bedrooms , 1 & 3/4 Bathrooms, solid bamboo floors throughout, a fully renovated Kitchen (including all new stainless steel appliances) and completely remodeled Bathrooms. A secure double-swing electric gate opens to a rare private driveway and attached two-car garage in the back of the home, providing exceptional privacy and protected parking. A dedicated 30-amp RV hookup and parking pad adjacent to the garage provide added convenience for RV storage or guest accommodations. Included architectural plans — ready for immediate permit submittal — provide the opportunity to expand the living space by (1) converting the side patio into a family room (and/or formal dining room), (2) converting the existing garage into a 2nd primary suite and dedicated laundry room, and (3) constructing a new detached two-car garage.

1671 Pereira Drive, San Luis Obispo

1716 Carolyn Drive Unit 106, San Luis Obispo

$375,000

2 Beds ⋅ 2 Baths ⋅ SC26220787 MLS ⋅ Active Status

Welcome to a Peacefull, Serene Home! This beautiful home has had an extensive renovation done to the interior. It features an open concept living room, dining area, and kitchen. The kitchen has a very large island with upgraded appliances. This living space is perfect for entertaining. The home has lots of windows that let light in. The bathrooms are also beautiful. Each bathroom has been upgraded with bright and light colors painted on the walls. The home is a short distance from the community center that features a large kitchen, a large meeting space, a private gym, a pool table room. There is also a second community room that has a kitchen and large room for private events. This home is ready for a new owner and priced to sell at $375,000.

1716 Carolyn Drive Unit 106, San Luis Obispo

$1,399,000

3 Beds ⋅ 3 Baths ⋅ SC26196453 MLS ⋅ Active Status

Few spots capture the beauty of San Luis Obispo quite like this one. Set up on the hill along Buena Vista Avenue, this two-story home looks out over open hillsides and the city below. The home offers 3 bedrooms, 2.5 baths, and approximately 2,233 square feet of living space, along with a two-car garage plus 2 extra covered carport spots for parking. On the main level, the living room centers on a fireplace and opens to a wraparound deck and patio, giving you easy indoor-outdoor flow and a front-row seat to the deer that often pass through. A room lined with built-in shelves works naturally as a study or library. Upstairs, the generously sized primary suite includes a bath with a jetted tub, and two of the bedrooms open to their own decks, each with a view worth stepping out for in the morning or at the end of the day. With a newer roof already in place, the home is ready for a buyer who wants to add their own touches and make this home truly theirs.

43 Buena Vista Avenue, San Luis Obispo

$799,000

3 Beds ⋅ 2 Baths ⋅ SC26219125 MLS ⋅ Active Status

Wonderful opportunity in one of San Luis Obispo's most convenient locations near schools, shopping and hiking trails. This single-level home offers 3 bedrooms and 1.5 bathrooms with fresh interior paint, vinly plank flooring and dual pane windows. The spacious backyard is a blank canvas anchored by a mature walnut tree, with room to garden, entertain, or explore future home expansion or ADU potential (buyer to verify). Ideally located near major shopping centers and just a short stroll to the popular SLO Ranch Farms Marketplace with its farm-to-table market, eateries, and shops. Enjoy quick access to Highway 101, an easy trip to Cal Poly, and close proximity to Laguna Lake. A fantastic opportunity for first-time buyers, investors, or anyone looking to personalize a home in a prime location.

1778 Vicente, San Luis Obispo

$1,395,000

5 Beds ⋅ 2 Baths ⋅ SC26193351 MLS ⋅ Active Status

Exceptional opportunity just blocks from downtown San Luis Obispo and close to Cal Poly. This updated 5-bedroom, 2-bathroom home offers a rare combination of location and versatility that appeals to both investors and owner-occupants. Completely renovated in 2020, improvements include flooring, countertops, bathrooms, windows and window coverings, appliances, washer and dryer, heating system and roof. Generous living spaces, a huge backyard and plenty of off-street parking further enhance the property. The flexible 5-bedroom layout provides plenty of options for full-time living, additional workspace, guests, or rental income. Ideally situated for enjoying the best of SLO, with easy access to prime dining, shopping, entertainment, and an array of local amenities.

895 Lincoln Street, San Luis Obispo

$649,000

2 Beds ⋅ 2 Baths ⋅ SC26214740 MLS ⋅ Active Status

Light-Filled End Unit with Soaring Ceilings, Fireplace & Private Patio in Windermere Step inside this distinctive 2-bedroom, 2-bath Windermere condo and discover a home that feels anything but ordinary. Soaring ceilings, abundant windows and an open multi-level design create an impressive sense of space, while the living room fireplace provides a warm focal point at the heart of the home. The adjoining dining area is filled with natural light and features a charming bay window seat and French doors opening to the private patio—an inviting extension of the living space for morning coffee, outdoor dining or relaxing in the Central Coast sunshine. The kitchen connects easily to the dining area with additional seating at the breakfast bar. The thoughtful multi-level floor plan places the bedrooms on separate levels, offering welcome flexibility and privacy for guests, a home office or everyday living. The upper bedroom feels especially spacious with vaulted ceilings, abundant natural light and generous closet space. Additional highlights include indoor laundry, a detached garage and the privacy of an end-unit location. Conveniently situated near Laguna Lake Park, hiking and biking trails, shopping, dining and downtown San Luis Obispo, this home combines architectural character, outdoor space and everyday convenience in one of SLO’s established residential communities. Come experience the space, light and character of 1106 Oceanaire Drive #1.

1106 Oceanaire Unit 1, San Luis Obispo

$935,000

3 Beds ⋅ 2 Baths ⋅ SC26212373 MLS ⋅ Active Status

First time on the market in over 37 years! Lovingly maintained and owner-occupied for more than three decades, this spacious single-level rancher offers 1,891 sq. ft. of comfortable living space with 3 bedrooms, 2 baths, and tons of potential. The inviting living room features a wood-burning fireplace with a gas log set and abundant natural light throughout. A separate family room provides additional living space and offers the flexibility to convert into a 4th bedroom. Storage is plentiful with generous hall and linen closets along with classic built-in cabinetry, while one bathroom includes a Safeguard walk-in jetted tub for added comfort and convenience. Notable updates include a newer roof and upgraded windows, and all appliances stay with the home. Situated on an expansive corner lot, the property boasts low-maintenance landscaping, an oversized 2-car garage, and convenient access to schools, shopping, restaurants, and everyday amenities. This exceptionally cared-for home is ready to welcome its next owners!

1284 Oceanaire Drive, San Luis Obispo

$949,900

2 Beds ⋅ 1 Baths ⋅ NS26210536 MLS ⋅ Active Status

Bishop Peak views, classic SLO charm, and plenty of possibilities come together at 31 Rafael Way in San Luis Obispo. Situated on a 6,063 square foot lot, this 2-bedroom, 1-bath home offers 847 square feet of living space along with a garage, additional storage, and flexible bonus space. Inside, the inviting living room features a fireplace and vinyl flooring, while the adjoining dining area is surrounded by windows that bring in natural light. The kitchen features granite countertops, warm wood cabinetry, recessed lighting, tile flooring, and stainless steel appliances, including a gas range and built-in microwave. Even washing dishes comes with a view, with Bishop Peak visible right from the kitchen window. The home offers two bedrooms and a full bathroom, creating a comfortable and efficient floor plan within its 847 square feet. The bathroom features tile flooring and a tiled tub/shower surround. Beyond the main living area, an expansive bonus/storage space with skylights offers additional versatility for hobbies, projects, a workshop, or simply extra storage. A garage and multiple outdoor storage sheds provide even more room for tools, equipment, and belongings. Outside, the 6,063 square foot lot offers plenty of opportunity to reimagine the yard and create an outdoor space all your own. A covered outdoor area provides additional space to gather and enjoy the Central Coast climate, while beautiful views of Bishop Peak create a distinctly San Luis Obispo backdrop. Whether you're looking for a place to make your own or an investment opportunity in San Luis Obispo, 31 Rafael Way offers the chance to enjoy the SLO lifestyle with one of the area's most recognizable peaks right outside your door. Conveniently located near downtown SLO, Cal Poly, hiking trails, and parks, with the award-winning wineries of Edna Valley and beautiful Central Coast beaches just a short drive away. Don’t miss this opportunity to make 31 Rafael Way your own. Live the SLO Life!

31 Rafael Way, 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.