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Neighborhoods · City of San Luis Obispo

Airport Area, Margarita & Avila Ranch

The southern edge of the city along Tank Farm Road, Broad Street and Buckley Road, around the airport. It's home to the Avila Ranch and Margarita Area specific plans and much of the city's new single-family and townhome construction.

Includes: Avila Ranch · Margarita Area · Tank Farm Road · Airport Area · Buckley Road

Home market: ZIP 93401

East, south & downtown SLO. Sales for August 2026; homes for sale as of October 8, 2026. ZIP-level data from Redfin, the smallest area with reliable figures.

Median sale price
$1,023,557
▼ 0.2% vs. a year ago
Homes sold (August 2026)
101
▲ 21.5% vs. a year ago
Median days on market
40
-4 days vs. a year ago
Homes for sale now
120
incl. 18 condos (median list $729,000)

Homes sold at 99.3% of list price on average. Monthly ZIP figures swing with a small number of sales, so compare several months before drawing conclusions. Countywide trends are on the market data page.

What's being built: 15 projects

Every project of five or more homes or 2,500+ sq ft of commercial space that the City is tracking in this area, from the City's Current Development Projects map. Each "Map" link opens the location.

Under construction (5)

Building permits issued; work underway

ProjectWhat it isLocation
Tank Farm Commerce ParkThree warehouse buildings, 29,000 sq ft total.Map
Avila Ranch: Single-Family Phases 1 & 2297 single-family homes.Map
Bonetti Ranch, Building KTwo-story, 6,446 sq ft commercial building.Map
4600 Broad StreetConvenience store and 10-pump fueling station.Map
U-Haul, 1109 Kendall Rd. & 4805 Morabito Pl.Three-story, 114,368 sq ft storage building and a 24,498 sq ft warehouse.Map

Under building review (4)

Building plans in City plan check

ProjectWhat it isLocation
600 Tank Farm RoadMixed-use: 280 apartments and 15,000 sq ft of commercial space.Map
SLO Airport HotelThree-story, 204-room hotel.Map
Avila Ranch, Phase 5101 homes.Map
Crockers Lockers Self Storage112,000 sq ft self-storage facility.Map

Pending building submittal (3)

Planning entitlements in place; building plans not yet submitted

ProjectWhat it isLocation
Avila Ranch, Phase 3Apartments: 85 market-rate and 60 affordable units.Map
Avila Ranch, Phase 4Townhome community of about 197 units.Map
832 AerovistaTwo-story, 37,675 sq ft office and medical building.Map

Under planning review (3)

Application filed; not yet approved

ProjectWhat it isLocation
Broadstone VillageGeneral Plan amendment, rezoning and annexation for 409 homes, a bypass road and a Bob Jones Trail extension.Map
4145–4195 Earthwood LaneAbout six 3,700 sq ft commercial and industrial buildings in the Airport Area Specific Plan.Map
1051 Farmhouse Lane9,900 sq ft cold and frozen storage warehouse.Map

Public schools

No San Luis Coastal Unified campuses are located in this area. See the full list of City schools.

Schools listed are located in or next to this area; school assignment depends on your exact address. Confirm with San Luis Coastal Unified School District.

Open space & walkability

San Luis Obispo as a whole has a Walk Score of 56 ("somewhat walkable"), a Bike Score of 69 and a Transit Score of 28 (Walk Score). Areas closer to downtown are generally more walkable than the city's edges.

City trail information: City of San Luis Obispo Trail System.

Other SLO areas

Sources

Project details and stages come from the City's public map and can change quickly; contact City Community Development (805-781-7170) for the latest on a specific project. Area boundaries here are general guides, not official neighborhood lines. Market data are estimates from Redfin.