1602 Sydney Street, San Luis Obispo, California 93401

$1,590,000

Property Type

Residential

Bedrooms

3

Bathrooms

2

Square Feet

1,512 sqft

City

San Luis Obispo

Status

Active

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.