A rare San Luis Obispo opportunity in the highly desirable area locals know as the "Banana Belt," set on a generous 6,534 +/- square foot lot. This property has been held by the same ownership for more than 50 years and is now being offered for sale for the first time in decades. The property features a 3-bedroom, 1-bath main residence of approximately 1,006 square feet, plus a detached bedroom, 1-bath unit of approximately 400 square feet. The detached unit provides exceptional flexibility for extended family, guests, a home office, or potential rental use, subject to applicable requirements. The main residence has been refreshed with beautifully refinished hardwood floors, fresh interior paint, and updated LED ceiling light fixtures. The combination of the main home and the detached unit creates a versatile property configuration that is increasingly difficult to find in SLO. Located in the desirable Banana Belt, the property is conveniently situated near Cal Poly, downtown SLO, restaurants, shopping, parks, and outdoor recreation. San Luis Obispo offers the ideal combination of a vibrant university-town atmosphere and relaxed lifestyle of the Central Coast.