1143 Walnut Street new Save Request In-Person Tour Request Virtual Tour
San Luis Obispo,CA 93401
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 SC25180078
Bedrooms 5
Full Baths 3
Year Built 1925
Property Sub-Type Detached
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 SLOs most desirable investment corridors. Dont miss outschedule a viewing and explore the potential today!
Location
State CA
County San Luis Obispo
Zoning R2
Direction from Santa Rosa Street, home is on the right
Interior
Heating Forced Air Unit
Flooring Carpet,Linoleum/Vinyl
Fireplace No
Appliance Refrigerator,Gas Oven,Gas Range
Exterior
Garage Spaces 2.0
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N Yes
Water Access Desc Public
Accessibility None
Porch Wood
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 002315006
Special Listing Condition Standard
Virtual Tour https://1143walnut.com/idx