878 Murray Avenue, San Luis Obispo, CA 93405

About this property

There’s something special about Murray Avenue, one of San Luis Obispo’s most loved streets, and opportunities like this are rarely available. Vacant lots on Murray are limited, making this 6,250± sq ft offering especially noteworthy. Ideally located just minutes from California Polytechnic State University, downtown San Luis Obispo, and some of the area’s best hiking and biking trails, the setting alone is hard to beat. What truly sets this opportunity apart is the momentum already in place. Plans for a thoughtfully designed house and ADU have been submitted to the City of San Luis Obispo and are included in the sale, featuring a 4-bedroom, 3-bath main residence with a detached 3-car garage, plus a 2-bedroom, 1-bath ADU. Whether you’re looking to build your dream home or create a high-demand investment property with strong rental potential, this is a rare chance to step into one of San Luis Obispo’s most consistently desirable neighborhoods with a head start.

Listing description from the April 2026 sale, as reported to CRMLS.

Sale history

$552,500

Sold April 2026 · listed $599,000, on market March 2026 · MLS #NS26071720 · Source: CRMLS

Listing Agent: Kelly Wood · Listing Office: Stable Properties · Contact: 925 381-7172 · Bought with: Adam Pettit · Modern Broker

$537,500

Sold September 2024 · listed $575,000, orig. $599,000, on market September 2023 · MLS #SC23173780 · Source: CRMLS

Listing Agent: Erik Berg-Johansen · Listing Office: Richardson Sotheby's International Realty · Contact: 805-538-1828 · Bought with: Lindsey Harn · Christie's International Real Estate Sereno

$491,000

Sold July 2023 · listed $449,000, on market June 2023 · MLS #SC23101158 · Source: CRMLS

Listing Agent: Hal Sweasey · Listing Office: Keller Williams Realty Central Coast · Contact: 805-773-7777 · Bought with: Erik Berg-Johansen · Richardson Sotheby's International Realty

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