1143 Walnut ST new Save Request In-Person Tour Request Virtual Tour
San Luis Obispo,CA 93401
Key Details
Property Type Single Family Home
Sub Type Single Family Home
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
Year Built 1925
Lot Size 7,500 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
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
Area Slo - San Luis Obispo
Zoning R2
Rooms
Family Room Other
Kitchen Oven Range - Gas,Refrigerator,Oven - Gas
Interior
Heating Central Forced Air
Cooling None
Fireplaces Type None
Laundry Other
Exterior
Parking Features Other
Garage Spaces 2.0
Pool 31,None
Utilities Available Telephone - Not On Site
View None
Building
Lot Description Grade - Sloped Down
Water District - Public
Others
Tax ID 002315006
Special Listing Condition Not Applicable
Virtual Tour https://1143walnut.com/idx