Homes for sale - 1143 Walnut ST, San Luis Obispo, CA 93401

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Yuri Lavrentiev

yuri@compass.com +1(669) 285-9514

Listed by Jennifer Hamilton • Farrell Smyth Real Estate

$ 1,295,000

Est. payment | -/mo

5 Beds

3 Baths

1,953 SqFt

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$ 1,295,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

1,953 SqFt

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

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Yuri Lavrentiev

REALTOR® | Lic# CA DRE #02103193

yuri@compass.com

+1(669) 285-9514

1133 Minnesota Ave, San Jose, CA, 95125, USA

1143 Walnut ST San Luis Obispo, CA 93401

Yuri Lavrentiev

Key Details

Location

Rooms

Interior

Exterior

Building

Others

1143 Walnut ST