1704 Garnette Dr · San Luis Obispo, CA 93405

$299,900

3 bd · 2.0 ba · 1,250 sqft · Manufactured · 119 Days on market

Built 2009 $240/sqft · 25% below area Est $399k · 25% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.5/10.0
• Schools +4.6/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

Key facts

• Covered front porch
• New carpet
• Fresh interior paint

Tags

• FRESH INTERIOR PAINT
• NEW CARPET
• HIGH CEILINGS
• LUXURY VINYL FLOORING
• COVERED FRONT PORCH
• GAS BURNING STOVE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $300k.

Deal economics

• At list price, monthly cash flow is $899 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $300k).
• Recommended offer: $273k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 2.1% in San Luis Obispo — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#132 in CA, #4,576 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, cost of living F.
• San Luis Coastal Unified (urban): math 50% / reading 58% proficiency, ranked #118 of 517 in CA (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+7.0%/yr); 51 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,104 units permitted in San Luis Obispo County in 2024 (273 in 5+ unit buildings).
• At $3,762/mo this rent would consume 75% of the median local household income ($60k/yr) (locally 3368% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• San Luis Obispo County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 7.0% rent growth), your $84k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 27y ago; this cycle's ask has dropped $69k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $82k; list at $300k implies a 264% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $272,909 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.25% ✓
• Cap rate: 9.89%
• Cash-on-cash: 12.85%
• DSCR: 1.57
• GRM: 6.6

CMA / ARV

• ARV (median comp): $399,010
• List price: $299,900
• Delta: -24.84%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1845 Thelma Dr #59	0.17mi	3/2.0	1,260 (+1%)	0mo	$295,000	$234	90
1000 Stephanie Dr	0.13mi	3/2.0	1,407 (+13%)	0mo	$545,000	$387	73
1828 Thelma Dr	0.13mi	2/2.0 (-1)	1,248 (-0%)	21mo	$419,000	$336	71
1029 Ilene Dr #195	0.20mi	3/2.0	1,364 (+9%)	8mo	$456,000	$334	69
1028 Jane Dr	0.21mi	2/2.0 (-1)	1,296 (+4%)	13mo	$379,000	$292	68
1637 Gathe Dr #32	0.15mi	2/2.0 (-1)	1,296 (+4%)	17mo	$400,000	$309	67
1029 Kerry Dr #53	0.12mi	2/2.0 (-1)	1,284 (+3%)	22mo	$441,000	$343	67
1700 Lynn Dr #123	0.09mi	2/2.0 (-1)	1,368 (+9%)	14mo	$276,000	$202	63
1700 Lynn Dr	0.09mi	2/2.0 (-1)	1,368 (+9%)	14mo	$276,000	$202	63
1857 Thelma Dr	0.20mi	2/2.0 (-1)	1,136 (-9%)	11mo	$410,000	$361	62
1020 Stephanie	0.15mi	2/2.5 (-1)	1,400 (+12%)	17mo	$530,000	$379	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.97% rent growth · sell at horizon

5-year hold

• IRR: 7.1%
• Equity multiple: 1.29×
• Total profit: $24,353
• Equity at exit: $44,716

10-year hold

• IRR: 19.7%
• Equity multiple: 2.96×
• Total profit: $164,768
• Equity at exit: $25,930

Cash invested: $83,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 93405

• Rents YoY: 7.0%
• Active inventory: 51
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $3,762 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,498/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$790
• Net cashflow: $899

Break-even live

Break-even rent $2,623

Max offer price $299,900

Occupancy floor 71%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1545 Descanso St San Luis Obispo, CA	4.0	2.0	1560	$4,400	$2.82	13d	1	0.21mi
11343 Los Osos Valley Rd Unit 4855-F San Luis Obispo, CA	2.0	1.5	900	$2,400	$2.67	13d	1	0.43mi
11343 Los Osos Valley Rd Unit 4843-B San Luis Obispo, CA	2.0	1.5	900	$2,400	$2.67	43d	1	0.43mi
11343 Los Osos Valley Rd Unit 48-21G San Luis Obispo, CA	3.0	2.0	1225	$3,200	$2.61	43d	1	0.43mi
11343 Los Osos Valley Rd Unit 48-25D San Luis Obispo, CA	2.0	2.0	1025	$2,600	$2.54	43d	1	0.43mi
11343 Los Osos Valley Rd Unit 48-55G San Luis Obispo, CA	2.0	1.5	900	$2,400	$2.67	21d	1	0.43mi
1559 Royal Way Unit NA San Luis Obispo, CA	4.0	2.0	1800	$4,900	$2.72	21d	1	0.47mi
1704 Tonini Dr San Luis Obispo, CA	1.0–2.0	1.0–2.5	985	$3,445	$3.50	13d	3	0.68mi
925 Madonna Rd #302 San Luis Obispo, CA	3.0	2.0	1075	$3,500	$3.26	21d	1	1.05mi
915 Madonna Rd #102 San Luis Obispo, CA	3.0	2.0	1141	$1,685	$1.48	43d	1	1.06mi
905 Madonna Rd San Luis Obispo, CA	3.0	3.0–3.5	1459	$4,825	$3.31	13d	2	1.07mi
825 Madonna Rd San Luis Obispo, CA	2.0	2.0	949	$3,000	$3.16	43d	1	1.09mi
1824 Homestead Pl San Luis Obispo, CA	4.0	3.5	1869	$5,300	$2.84	43d	1	1.20mi

Listing history 39 events

1. 2026-06-18
   days on market $299,900 Active 119 DOM
2. 2026-06-17
   days on market $299,900 Active 118 DOM
3. 2026-06-16
   days on market $299,900 Active 117 DOM
4. 2026-06-15
   days on market $299,900 Active 116 DOM
5. 2026-06-14
   days on market $299,900 Active 114 DOM
6. 2026-06-13
   days on market $299,900 Active 113 DOM
7. 2026-06-10
   days on market $299,900 Active 111 DOM
8. 2026-06-09
   days on market $299,900 Active 110 DOM
9. 2026-06-08
   days on market $299,900 Active 109 DOM
10. 2026-06-07
    days on market $299,900 Active 108 DOM
11. 2026-06-03
    days on market $299,900 Active 104 DOM
12. 2026-06-02
    days on market $299,900 Active 103 DOM
13. 2026-06-01
    days on market $299,900 Active 102 DOM
14. 2026-05-31
    days on market $299,900 Active 101 DOM
15. 2026-05-30
    days on market $299,900 Active 100 DOM
16. 2026-05-14
    price $299,900 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

17. 2026-04-22
    status Active 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

18. 2026-04-17
    status Pending Sale 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

19. 2026-04-08
    price $309,900 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

20. 2026-03-14
    price $329,900 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

21. 2026-03-13
    price $339,900 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

22. 2026-02-27
    price $353,800 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

23. 2026-02-14
    listed $368,800 Active 2628-char remark

    Show marketing remark (2628 chars)

    Wow! This is THE ONE for which you’ve been waiting. Situated in the desirable all age Laguna Lake Mobile Estates in the fabulous Perfumo Canyon area & centrally located to the many amenities of SLO, this beautiful & move-in ready manufactured home is comfortable & tranquil, drenched in views of the stunning Irish Hills. Recent upgrades include fresh interior paint throughout & new carpet in the secondary bedrooms. The ambiance of this special residence is enhanced by high ceilings, sparkling luxury vinyl flooring & a neutral palette. The front living areas seamlessly flow to the charming covered front porch, embracing the quintessential California indoor-outdoor lifestyle. The kitchen is equipped with a stainless steel appliance suite, gas burning stove, plentiful cabinetry, & easily opens into the spacious dining nook. The open concept floorplan’s front living areas are functional & framed by a myriad of windows creating a light & bright canvas. A private primary suite offers a generous walk-in closet, shower, vanity & linen closet. Two other bedrooms & a full sized hall bathroom round out the private spaces, allowing for guest & home office space. Interior appointments include ceiling fans, custom window shades & a dedicated laundry room with a back door leading to the carport & storage shed further enhancing the versatility of this elegant residence. Outside, you’ll find a yard which wraps around the home, perfect for gardening or relaxing. This home includes access to the incredible amenities of Laguna Lake Mobile Home Estates which include RV parking, a clubhouse with a full catering kitchen, meeting room, banquet facilities, sitting area graced by a majestic fireplace; an annex clubhouse (yep, that essentially makes 2 clubhouses!) with another full kitchen and meeting room, library and craft room; a seriously large swimming pool for exercise as well as lounging; sparkling spa, lots of monthly activities including potlucks & games, all of which provide excellent spaces to enjoy & connect w/ your wonderful neighbors. This truly is a terrific community with neighbors who care about each other. Move-in ready, this clean and well-kept home combines convenience, comfort, & community living in a prime location. Close proximity to downtown SLO, local shopping centers & our fabulous coastal towns and beaches, too. With modern features, an open & airy interior & vibrant community setting, 1704 Garnette Drive fully embraces the charm of Central Coast living.

24. 2017-04-07
    historical
25. 2017-04-07
    historical
26. 2017-04-04
    historical
27. 2015-01-06
    historical
28. 2003-08-25
    historical
29. 2003-08-25
    listed $119,999
30. 2003-08-25
    listed $119,999
31. 2003-05-24
    listed $149,900
32. 2003-05-24
    listed $149,900
33. 2002-04-03
    historical
34. 2002-04-03
    soldstatus $82,500
35. 2002-02-15
    listed $85,000
36. 2002-02-15
    listed $85,000
37. 2000-03-16
    historical
38. 1999-09-15
    listed $73,000
39. 1999-09-15
    listed $73,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 5 d/yr ≥81°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,140
• − Mortgage interest: −$16,799
• − Property taxes: −$4,498
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,611
• − Management: −$3,611
• − Depreciation: −$8,724
• Taxable income: $6,396
• Est. tax owed @ 24.0%: −$1,535
• After-tax cash flow: $9,255/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: San Luis Coastal Unified
• NCES district ID: 0634800
• Math proficiency: 50% ▼ -14.00%
• Reading proficiency: 58% ▼ -12.00%
• Median HH income: $53,428
• Composite: 46.4/100
• National rank: #2455
• State rank: #118 of 517 in CA

Livability — San Luis Obispo

• Score: 74/100
• State rank: #132
• US rank: #4576

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment C+ Housing C Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Luis Obispo, CA
• County: San Luis Obispo County · 224,651 people
• City population: 54,204
• Metro: San Luis Obispo-Paso Robles, CA
• Population (ZIP): 25,002
• Household income: $60,399
• Rent vs Own: 65.3% rent · 34.7% own
• Severe rent burden: 3368.0

Population outlook (San Luis Obispo County) Hauer SSP2

• Today (2025): 306,977 people
• By 2030: 320,378 · +4.4%
• By 2040: 343,933 · +12.0%
• By 2050: 366,853 · +19.5%
• By 2075: 428,329 · +39.5%
• By 2100: 460,687 · +50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 10% Asian 6% Black 1%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Italian 4% Lithuanian 2% Portuguese 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 2% Chinese 1%

Political lean MEDSL · San Luis Obispo

• 2024 margin: D (+10.9) · D 53.9% · R 43.1% · Other 3.0%
• 2008→2024 swing: +5.5pp toward D · 2008: 5.4pp · 2024: 10.9pp
• All cycles: 2024: D+10.9 2020: D+13.1 2016: D+8.3 2012: D+1.0 2008: D+5.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -840.08%
• Current HPI: 379.5701
• Rent YoY: ▲ 6.97%
• Metro: San Luis Obispo-Paso Robles, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+310.8% since first listed

24 events — show timeline

• 2026-05-14 Price Changed $299,900 CRMLS
• 2026-04-22 Relisted — CRMLS
• 2026-04-17 Pending — CRMLS
• 2026-04-08 Price Changed $309,900 CRMLS
• 2026-03-14 Price Changed $329,900 CRMLS
• 2026-03-13 Price Changed $339,900 CRMLS
• 2026-02-27 Price Changed $353,800 CRMLS
• 2026-02-14 Listed $368,800 CRMLS
• 2017-04-07 Listing Removed — NSBCRMLS
• 2017-04-07 Listing Removed — NSBCRMLS
• 2017-04-04 Listing Removed — NSBCRMLS
• 2015-01-06 Listing Removed — CRMLS
• 2003-08-25 Listed $119,999 CRMLS
• 2003-08-25 Listed $119,999 NSBCRMLS
• 2003-08-25 Listing Removed — CRMLS
• 2003-05-24 Listed $149,900 NSBCRMLS
• 2003-05-24 Listed $149,900 CRMLS
• 2002-04-03 Sold (MLS) $82,500 CRMLS
• 2002-04-03 Listing Removed — NSBCRMLS
• 2002-02-15 Listed $85,000 CRMLS
• 2002-02-15 Listed $85,000 NSBCRMLS
• 2000-03-16 Listing Removed — CRMLS
• 1999-09-15 Listed $73,000 NSBCRMLS
• 1999-09-15 Listed $73,000 CRMLS