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 Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,953 sqft
Price per Sqft $663
MLS Listing ID SC25180078
Bedrooms 5
Full Baths 3
Year Built 1925
Lot Size 7,501 Sqft
Property Sub-Type Single Family Residence
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
Interior
Heating Central
Cooling None
Flooring Carpet,Vinyl
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Concrete,Driveway
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N No
View None
Building
Lot Description Sloped Down,Front Yard,Yard
Dwelling Type House
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District San Luis Coastal Unified
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard,Trust
Virtual Tour https://1143walnut.com/idx