1143 Walnut Street, San Luis Obispo, CA 93401

Local realty services provided by:ERA North Orange County Real Estate
1143 Walnut Street,San Luis Obispo, CA 93401
$1,295,000
Virtual Tour
  • 5 Beds
  • 3 Baths
  • 1,953 sq. ft.
  • Single family
  • Active
Listed by: jennifer hamilton
Office: farrell smyth real estate
MLS#:SC25180078
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,295,000
  • Price per sq. ft.:$663.08

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

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Home facts

  • Year built:1925
  • Listing ID #:SC25180078
  • Added:96 day(s) ago
  • Updated:November 14, 2025 at 03:01 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:1,953 sq. ft.

Heating and cooling

  • Heating:Forced Air Unit

Structure and exterior

  • Year built:1925
  • Building area:1,953 sq. ft.

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,295,000
  • Price per sq. ft.:$663.08
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