1143 Walnut Street, San Luis Obispo, CA 93401
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
Listed by: jennifer hamilton
Office: farrell smyth real estate
MLS#:CRSC25180078
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,095,000
- Price per sq. ft.:$560.68
About this home
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!...
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Home facts
- Year built:1925
- Listing ID #:CRSC25180078
- Added:239 day(s) ago
- Updated:April 12, 2026 at 07:45 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Vinyl
- Kitchen Description:Gas Range, Refrigerator
- Living area:1,953 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Central
Structure and exterior
- Year built:1925
- Building area:1,953 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Sloped Down
- Architectural Style:Single Family Residence
- Exterior Features:Front Yard, Sloped Down
- Levels:2 Story
Finances and disclosures
- Price:$1,095,000
- Price per sq. ft.:$560.68
Features and amenities
- Appliances:Gas Range, Refrigerator
- Laundry features:Inside
Parking
- Garage spaces:2
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