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Lisa Johnson

lisasellssdhomes@gmail.com +1(619) 417-6764

$ 2,399,000

Est. payment -/mo

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Price Dropped by $100K

2873 & 2871 Studio Drive Cayucos, CA 93430

6 Beds

3 Baths

2,772 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,772 sqft

Price per Sqft $865

Subdivision Strand (530)

MLS Listing ID PI26013165

Bedrooms 6

Full Baths 3

Year Built 1957

Lot Size 4,400 Sqft

Property Sub-Type Detached

Property Description

Welcome to 2873 and 2971 Studio Drive, a rare luxury THREE UNIT coastal property on one of Cayucos most coveted streets, just steps from the sand. Situated on an oversized DOUBLE LOT, this exceptional offering consists of a legal duplex with one residence thoughtfully configured into two separate living spaces, creating three distinct residences in total. The property has been meticulously renovated throughout and delivers an impressive approximate $200,000 in gross annual rental income. The property has undergone significant updates in 2024/2025, including new appliances, new HVAC and wall heaters, new in-slab plumbing, new bathrooms, and updated electrical throughout the home, offering a truly turnkey coastal investment. The main residence offers a modern four-bedroom, two-bathroom layout that is currently separated into upper and lower living areas, each with its own kitchen and private access, connected by an interior door when desired. This flexible design allows the home to function as a single expansive coastal residence or as two independent living spaces, ideal for maximizing income potential or accommodating extended family. The interiors are highlighted by fireplaces, sweeping ocean views, and an open, light-filled layout designed for both everyday comfort and refined coastal entertaining. The second residence is a beautifully remodeled two-bedroom, one bathroom home featuring a gas fireplace and a private, resort-style backyard complete with a covered patio, tranquil water feature, and outdoor kitchen. This residence is perfectly suited for guest accommodations,

Location

State CA

County San Luis Obispo

Zoning RSF

Direction 2873 & 2871 Studio Dr, Cayucos CA 93430

Interior

Interior Features 2 Staircases, Beamed Ceilings, Living Room Balcony, Living Room Deck Attached, Pantry, Recessed Lighting

Heating Forced Air Unit

Fireplaces Type FP in Family Room, FP in Living Room, Gas, Guest House

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, 6 Burner Stove, Gas Oven, Vented Exhaust Fan, Gas Range

Exterior

Parking Features Garage, Garage - Three Door

Garage Spaces 3.0

Fence Vinyl

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Bay, Mountains/Hills, Ocean, Panoramic, Rocks, Water, Coastline

Accessibility None

Porch Covered, Deck, Patio, Porch

Total Parking Spaces 3

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 064272016

Acceptable Financing Cash, Cash To Existing Loan, Cash To New Loan, Conventional, Exchange, FHA

Listing Terms Cash, Cash To Existing Loan, Cash To New Loan, Conventional, Exchange, FHA

Special Listing Condition Standard

Listed by CJ Hegney, DRE#02203414 NextHome Central Coast

NEARBY SCHOOL & BUSINESS

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Lisa Johnson

Agent | License ID: 01951113

+1(619) 417-6764

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Lisa Johnson

2873 & 2871 Studio Drive Cayucos, CA 93430

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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2873 & 2871 Studio Drive