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Listed by Jennifer Hamilton • Farrell Smyth Real Estate
$ 1,295,000
Est. payment /mo
New
1143 Walnut Street San Luis Obispo, CA 93401
5 Beds
3 Baths
1,953 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,953 sqft
Price per Sqft $663
MLS Listing ID CRSC25180078
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1925
Lot Size 7,500 Sqft
Property Sub-Type Detached
Source Datashare California Regional
Property Description
Investment Opportunity in Prime San Luis Obispo Location – R2 Lot with Expansion Potential! Unlock the possibilities with this centrally located property just minutes from downtown San Luis Obispo and convenient freeway access. Situated on an R2-zoned lot, this unique investment opportunity features a spacious 4-bedroom, 2-bathroom main house built in 1925, plus a detached 1-bedroom, 1-bathroom ADU built in 1938 - ideal for rental income, multi-generational living, or future development. Both units are currently rented, providing immediate cash flow for investors. The property offers flexible living arrangements and strong rental potential, with ample space to reconfigure, upgrade, or expand. Whether you're looking to add units, renovate, or build out, the R2 zoning opens doors for creative growth (buyer to verify all plans and zoning with the city). Enjoy the benefits of a downtown neighborhood near shops, restaurants, parks, and public transit. With income already in place and zoning that supports future development, this property is a smart addition to any portfolio. Explore the upside potential and make your move in one of SLO’s most desirable investment corridors. Don’t miss out—schedule a viewing and explore the potential today!
Location
State CA
County San Luis Obispo
Interior
Heating Central
Cooling Ceiling Fan(s), None
Flooring Vinyl, Carpet
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator
Laundry Inside
Exterior
Garage Spaces 2.0
Pool None
View None
Handicap Access None
Private Pool false
Building
Lot Description Sloped Down
Story 2
Water Public
Schools
School District San Luis Coastal Unified
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